StockWatch
·
Services-Computer Processing & Data Preparation
PartnershipJun 30, 2026, 07:11 AM

D-Wave Secures $1.56M NSF Grant for Quantum Computing Project

AI Summary

D-Wave Quantum Inc. announced it has been awarded a $1,566,250 grant from the U.S. National Science Foundation (NSF) through its National Quantum Virtual Laboratory (NQVL) program. This funding will support D-Wave's participation as a key industry partner in the ERASE project, led by Yale University, which aims to develop foundational technologies for fault-tolerant quantum computing. The award underscores continued U.S. government support for D-Wave's quantum computing technologies, following a recent Letter of Intent for $100 million in CHIPS and Science Act funding.

Key Highlights

  • D-Wave Quantum Inc. received a $1,566,250 grant from the U.S. National Science Foundation (NSF).
  • The grant supports D-Wave's role in the ERASE project, focused on fault-tolerant quantum computing.
  • The ERASE project is led by Yale University and involves academic and industry partners.
  • D-Wave's subsidiary, Quantum Circuits, LLC, will provide access to its superconducting dual-rail gate-model quantum computing resources.
  • This builds on previous U.S. government support, including a $100 million Letter of Intent for CHIPS and Science Act funding.