SEC filing shows D-Wave Systems raising additional $28.4 mln in VC

D-Wave Systems Inc has raised an additional US$28.4 million in venture capital financing according to a new filing with the U.S. Securities and Exchange Commission. The Burnaby, British Columbia-based company, which designs and manufactures quantum computing and superconducting electronics, secured the latest round from a mix of new and existing investors. Since its founding in 1999, D-Wave's Canadian and U.S. backers have included BDC Venture Capital, Draper Fisher Jurvetson, Goldman Sachs, GrowthWorks, Harris & Harris Group and Kensington Capital Partners. The company's prior round, totaling $30 million, closed in October 2012.

11 July 2014•2 mins read
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