D-Wave Systems' new $29 mln raise brings 2014 funding to $62 mln
D-Wave Systems Inc recently secured $29 million in financing from an unnamed institutional investor and other sources. The investment adds to amounts raised last July by the Burnaby, British Columbia-based company, bringing its total raise in 2014 to about $62 million. D-Wave said the new funds will be used to accelerate development of its quantum hardware and software and expand its software application ecosystem. Founded in 1999, the company is backed by a number of Canadian and U.S. investors, including BDC Capital, Bezos Expeditions, Draper Fisher Jurvetson, Goldman Sachs, Growthworks, Harris & Harris Group, IIU, In-Q-Tel and Kensington Capital Partners.
29 January 2015•3 mins read
