D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers 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. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

D-Wave's acquisition of Quantum Circuits is a strategic move to combine expertise and accelerate their path to fault-tolerant computing. They aim to demonstrate superiority over Google in the first half of 2026, triggering a potential bidding war for D-Wave's technology and patents. D-Wave's unique position in providing production-ready quantum systems and their focus on optimization give them confidence in their ability to compete. The company's dual-platform strategy positions them as the only company building devices using both annealing and gate-based methods, allowing them to capture a broader market. The ultimate goal is to achieve fault-tolerant, useful computation that outperforms classical supercomputers.