D-wave Quantum Inc. · NYSE:QBTS
D-wave Quantum — 27th Annual Needham Growth Conference 2025
19 slides from D-wave Quantum's conference presentation, Jan 14, 2025
Slide 1: 27th Annual Needham Growth Conference
QUANTUM 27th Annual Needham Growth Conference – January 14th and 15th, 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information express
Slide 3: Quantum Realized: Only by D-Wave
QUANTUM REALIZED: ONLY BY D-WAVE Business applications in use by customers to improve PRODUCTION APPLICATIONS operations Achieved on important / useful materials simulation QUANTUM SUPREMACY problem* QUANTUM ANNEALING Required for business optimization applications – The Killer App High system avail
Slide 4: Quantum Realized: Only by D-Wave
QUANTUM REALIZED: ONLY BY D-WAVE COMMERCIAL APPLICATIONS COMPUTATIONAL SUPREMACY 70+ revenue generating commercial customers D-Wave: Demonstrated supremacy on important/useful problems • Direct application to materials simulation Business applications in production to improve operations Google: Demo
Slide 5: D-Wave at a Glance
D-WAVE AT A GLANCE MARKET LEADING SOLUTION ESTABLISHED PRODUCT PORTFOLIO: • World’s largest Quantum Computer • Accessible through production-grade cloud service • Quantum supremacy paper under peer review GROWING COMMERCIAL ADOPTION: Quantum Annealing Real-Time Quantum Cloud Open-Source Python Tools
Slide 6: D-Wave Enables the Full Quantum Expected TAM
D-WAVE ENABLES THE FULL QUANTUM EXPECTED TAM 1 Computationa l Linear Algebra & Factorization Differential Equations Combinatorial Optimization Problem (Machine learning & cryptography) (Simulation) LO NG-TE R M ANNEALING ANNEALING OR GATE MODEL GATE MODEL $450B - $850B TAM 1 5- 3 0 Y e a r s (DWAVE
Slide 7: Only Company Driving Both Annealing and Gate
ONLY COMPANY DRIVING BOTH ANNEALING AND GATE ANNEALING GATE-MODEL PRODUCTION-READY ANNEALING PRODUCTION-READY IN TODAY OR 7-15 YEARS GATE-MODEL Optimization Years of Complex R&D Needed AI/ML & GenAI Research Experimentation Academic Research COMBINATORIAL LINEAR ALGEBRA & DIFFERENTIAL EQUATIONS OPTI
Slide 8: Leading the Commercialization of Quantum Tech
LEADING THE COMMERCIALIZATION OF QUANTUM TECH Experimental / Research Product Commercialization Advantage Advantage System Performance Advantage2 Advantage3 System System System D-Wave D-Wave D-Wave One D-Wave Two D-Wave 2X 2000Q 2000Q LN System System System System System Annealing Processors Trans
Slide 9: Quantum Optimization Proven Use Cases
QUANTUM OPTIMIZATION PROVEN USE CASES RETAIL MANUFACTURING LOGISTICS • One of Canada’s largest retailers • Automotive manufacturer • Improve movement of goods of food & health products owned by Ford Motor from ships to trucks at Pier 300 at Company and Koç Holdings the Port of Los Angeles • Workforc
Slide 10: Tech Driving Customer Use Cases
TECH DRIVING CUSTOMER USE CASES 2 2 3, … Performance Update Systems Platform Innovation Software BQM, DQM, CQM Next-gen Targeted Hybrid Universal Solvers Solvers Solver Solvers $100B Market Opportunity Opportunity* 2023 2024 2025 2026 2027 2028 2029 20… Production Scheduling & Routing Allocation & R
Slide 11: Powerful Quantum Computers Built for Business Applications
POWERFUL QUANTUM COMPUTERS BUILT FOR BUSINESS APPLICATIONS D-WAVE Annealing quantum processor design 5,000+ qubits Ongoing increases in coherence & connectivity Systems located in US, Europe & Canada supporting global use Supports hybrid applications of real-world size Up to 2 million variables 11 C
Slide 12: Completed Calibration of 4400+ Qubit Advantage2
COMPLETED CALIBRATION OF 4400+ ADVANTAGE2 Completed the calibration of a 4400+ qubit Advantage2 processor as a key part of the ongoing development of our sixth-generation annealing quantum computer This comes on the heels of launching the 1,200+ qubit Advantage2 prototype and making it accessible in
Slide 13: Quantum Supremacy on D-Wave Advantage2 System
QUANTUM SUPREMACY ON D-WAVE ADVANTAGE2 SYSTEM We believe D-Wave is the first in the world to demonstrate quantum supremacy on real-world problems; These problems cannot be solved by classical computers, full stop! https://arxiv.org/abs/2403.00910 • Each data point was computed on D-Wave’s 1200Q Adva
Slide 14: Further Progress on Quantum AI Solutions
FURTHER PROGRESS ON QUANTUM AI SOLUTIONS Continuing to explore generative AI architectures that directly use quantum processing unit (QPU) samples from quantum distributions to facilitate faster and more energy- efficient model training and inference Completed initial designs of transformer and diff
Slide 15: Introduction of Service-Level Agreements (SLAs)
INTRODUCTION OF SERVICE-LEVEL AGREEMENTS (SLAS) Recently introduced SLAs for Leap quantum cloud service customers who are transitioning applications into production D-Wave is the only quantum computing company providing formal SLAs Offering SLAs reflects the high levels of availability, reliability
Slide 16: D-Wave Deemed Awardable on DoD Tradewinds Marketplace
D-WAVE DEEMED “AWARDABLE” ON US DEPT. OF DEFENSE “TRADEWINDS MARKETPLACE” D-Wave has been deemed “awardable” on the US Department of Defense’s Tradewinds buying platform, which is designed to accelerate the procurement and adoption of emerging technologies Marketplace includes D-Wave’s annealing qua
Slide 17: Financial Highlights
FINANCIAL HIGHLIGHTS YoY FirstGrowth in Bookings 9 Months Revenue Research & Gov’t Revenue Total # of Customers - (through Q3) (through Q3) $30 $8 MILLIONS MILLIONS MILLIONS $6.5M $23.9M 150 150 $5.8M $4 $2.0M 132 132 $6 125 125 $1.2M Research $20 75 75 76 76 Research 100 100 $4 Commercial Commercia
Slide 18: D-Wave Investment Considerations
D-WAVE INVESTMENT CONSIDERATIONS TECHNOLOGY LEADERSHIP ANNEALING ADVANTAGE CUSTOMER TRACTION PRODUCTION-GRADE OFFERINGS • Designed, developed and • Annealing quantum • Business applications in • Scalable production-grade operating the world’s largest computers that outperform production commercial s
Slide 19: Quantum
QUANTUM 19 COPYRIGHT @ D-WAVE
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