Wednesday, December 7

D-Wave Extends Business Value of Industry-First Quantum Hybrid Solver with New Features Supporting Weighted Constraints and Presolve Techniques


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Expands addressable problem class and unlocks more real-world use cases for enterprises

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BURNABY, British Columbia & PALO ALTO, Calif. — D-Wave Quantum Inc. – a global leader in quantum computing software, services, and systems, and the only quantum computing company building both annealing and gate model quantum computers – today announced two key updates to its constrained quadratic model (CQM) hybrid solver in the Leap™ quantum cloud service. The CQM hybrid solver can address real-world commercial-scale optimization problems of up to one million variables (including continuous variables) and 100,000 constraints. With today’s updates, businesses can now further leverage the power of quantum computation to run quadratic optimization problems with weighted constraints and benefit from presolve techniques that streamline and simplify problem formulation.

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The updated CQM solver allows quantum developers to better represent commercial problems, enabling them to more easily and accurately model problems where it is not possible to satisfy all constraints through classical computing logic. For example, in an employee scheduling scenario where employees should work 8 hours per shift with optional overtime, the solver is now able to allow for a soft “weighted” constraint of <8 hours and a hard constraint of <12 hours, thereby increasing the utility of the proposed solution. Support for weighted constraints enables developers to unlock new use cases as well as expand the applicability of existing use cases across various industries, eg energy (electrical grid optimization), logistics (scheduling), shipping (bin packing), and financial services (portfolio optimization), while improving time-to- solution and easing problem formulation.

In addition to supporting weighted constraints, the updated CQM solver introduces a new set of fast classical algorithms that reduces the size of the problem and allows for larger models to be submitted to the hybrid solver. Presolve techniques remove unnecessary variables and constraints to achieve a cleaner dataset, resulting in better quality solutions by narrowing the problem set/size and streamlining problem formulation. ​These techniques are now automatically applied to all CQM problems in the CQM solver in Leap and are also available in the Ocean SDK​.

“As more companies turn to quantum computing today to solve their increasingly complex business challenges, they’re seeking ways to quickly and efficiently codify problems in order to expedite time-to-solution,” said Murray Thom, vice president of product management at D -Wave. “These enhancements to our CQM solver, which were driven in large part by our customers’ feedback, are designed to accelerate the quantum-hybrid workflow and help companies more quickly derive business value from quantum computing.”

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D-Wave continues to innovate on the CQM solver, first introduced in October 2021, to meet customer and market commercial application needs. The CQM solver enables users to benefit from a simplified expression of their constrained problems by directly incorporating problem constraints. With the CQM solver, customers can address larger and more complex real-world business problems. In addition to today’s update, D-Wave added support of continuous variables to the CQM solver in May 2022.

To learn more about the updates to our CQM quantum hybrid solver, we invite you to attend the demo webinar on November 17 and review the benchmarking reportwhich was published today.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology is being used by some of the world’s most advanced organizations, including NEC Corporation, Volkswagen, DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words : “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “ project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, whic h are subject to a number of risks. Forward-looking statements in this press release include, but are not limited to, statements regarding the company’s future growth and innovations; the increased adoption of quantum computing solutions and expansion of related market opportunities and use cases ; and our updated CQM solver. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, beyond various factors management’s control, including general economic conditions and other risks, our ability to expand our customer base and the customer adoption of our solutions, and the uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements ” in D-Wave Quantum Inc.’s Form S-4 Registration Statement, as amended, previously filed with the Securities and Exchange Commission , as well as factors associated with companies, such as D-Wave, that are engaged in the business of quantum computing, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; the outcome of any legal proceedings that may be instituted against us; risks related to the performance of our business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; and the risk that our securities will not maintain the li sting on the NYSE. Furthermore, if the forward-looking statements contained in this press release prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these statements in making an investment decision or regard these statements as a representation or warranty by any person we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these fo rward-looking statements as representing our views as of any date subsequent to the date of this press release.

D-Wave™ and associated logos are trademarks of D-Wave Systems Inc.

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