D-Wave Quantum Inc. (NYSE: QBTS) announced it has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation (NSF) through the agency's National Quantum Virtual Laboratory (NQVL) program. The funding will support D-Wave's role as a key industry partner in ERASE (Erasure Qubits and Dynamic Circuits for Quantum Advantage), a project focused on developing foundational technologies for fault-tolerant quantum computing and strengthening U.S. leadership in quantum innovation.
Led by Yale University, the ERASE project brings together researchers from leading academic institutions and industry organizations to advance dual-rail gate-model quantum computing hardware, software, error correction, and applications. D-Wave, through its New-Haven, Connecticut-based subsidiary Quantum Circuits, LLC, will give ERASE researchers access to its superconducting dual-rail gate-model quantum computing resources. The award moves ERASE into the second phase of the NQVL program and underscores the NSF's continued support for the project's approach to scalable, fault-tolerant quantum computing.
"NSF's continued support for the ERASE project highlights the national importance of accelerating progress toward scalable, fault-tolerant quantum computing," said Dr. Alan Baratz, CEO of D-Wave. "We believe that D-Wave's dual-rail technology can play a meaningful role in that effort, while building the technical foundation and skilled workforce needed to sustain U.S. leadership in quantum computing."
This grant is part of a broader U.S. initiative to maintain a competitive edge in quantum technologies. The NQVL program aims to create a national quantum research infrastructure, and D-Wave's involvement positions the company at the forefront of developing fault-tolerant quantum systems. The ERASE project specifically targets erasure qubits and dynamic circuits, which are critical for overcoming current error rates in quantum computing.
The implications of this award extend beyond D-Wave. By collaborating with Yale and other research institutions, the project is expected to accelerate the timeline for practical quantum advantage. Fault-tolerant quantum computing, if realized, could revolutionize fields such as cryptography, materials science, and drug discovery. The grant also signals continued federal investment in quantum technology, which is seen as a national priority.
For D-Wave, the grant validates its dual-platform strategy, offering both annealing and gate-model systems. The company's dual-rail technology is a key differentiator in the race to build scalable quantum computers. With this funding, D-Wave can further develop its gate-model capabilities while contributing to the broader quantum ecosystem.
For more details, the full press release is available at https://ibn.fm/5um9O.
About D-Wave Quantum Inc.: D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world's first commercial supplier of quantum computers and the only company offering both annealing and gate-model quantum computing technologies. More information is available at https://www.dwavequantum.com.
