Fundraising Fox
D-Wave
NASDAQ: QBTSBurnaby, US · Founded 2022 · British Columbia, Canada corporation · 8 known investors
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D-Wave is a quantum computing company offering both annealing and gate-model systems for solving optimization, simulation, and modeling problems. It serves enterprises and researchers through cloud access, developer tools, and professional services for applications in areas such as materials simulation and machine learning.
Founders & leadership
D-Wave was founded in 2022 by J. Haig Deb Farris, Geordie Rose, and Eric Ladizinsky.
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J. Haig Deb FarrisCo-founder
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Geordie RoseFounder and CTO1999–2014Rose co-founded D-Wave in 1999 and served as CEO until 2003, then as CTO through 2014. He subsequently founded Kindred, serving as CEO until 2018, and later founded Sanctuary.
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Eric LadizinskyCo-founder
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Alan E. BaratzPresident and CEOAlan E. Baratz is CEO of D-Wave Systems, a quantum computing company. He previously served as Executive Vice President of R&D and Chief Product Officer at D-Wave, and held executive and leadership roles at Sun Microsystems (where he was president of JavaSoft), Symphony, Avaya, Cisco, IBM, Versata, Zaplet, and NeoPath Networks, along with an investment role at Warburg Pincus; he holds a Ph.D. in computer science from MIT.
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John M. MarkovichChief Financial OfficerJohn M. Markovich is an Executive Officer at D-Wave, a quantum computing company. He has held senior financial roles across both private venture-backed technology companies and public multinational manufacturers, with experience in capital raising, corporate transactions, and operational strategy.
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Warren WallEVP, Corporate Affairs2017–2020Warren Wall held executive leadership roles across four decades in technology companies, including senior positions at Electronic Arts managing global technology teams for gaming engines, at D-Wave Systems as COO and EVP Corporate Affairs from 2008 onward, and as COO of Intelligent City, a robotics-focused construction startup, from 2020 to 2023.
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Jeremy P. HiltonSVP Applications and Technology2018–2020Jeremy P. Hilton is an executive at D-Wave, a quantum computing company, with two decades of experience in research and development, product development, and business execution in deep technology. He holds 41 US patents and has contributed to scientific publications in quantum computing, superconductor integrated circuits, and machine learning applications.
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Jennifer HoustonExecutive
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Dan CohrsChief Financial Officer2016–2020Dan Cohrs served as CFO of D-Wave Systems and previously held senior finance and strategy positions at GTE, Northwest Airlines, and Marriott. He holds a B.S. in Engineering from Michigan State University and M.S. and Ph.D. degrees from Cornell University in economics, finance, and public policy, and taught as an Assistant Professor of Finance at Harvard Business School.
Investors · 8
Defined VClisted by Defined VCVancouver
How we know: Defined VC's portfolio page · Not right? Tell us
Draper Associateslisted by Draper AssociatesSan Mateo · $500K – $5M
How we know: Draper Associates's portfolio page · Not right? Tell us
Future Ventureslisted by Future VenturesLos Altos · $1M – $10Mvia Steve Jurvetson · board
How we know: Future Ventures's portfolio page · board seat on SEC Form D · Not right? Tell us
Pender Growth Fundlisted by Pender Growth FundVancouver · $365K – $2.2M
How we know: Pender Growth Fund's portfolio page · Not right? Tell us
Runa Capitallisted by Runa CapitalLuxembourg · $500K – $5M
How we know: Runa Capital's portfolio page · Not right? Tell us
BDC Venture CapitalreportedMontreal · $365K – $25.6M
How we know: a partner's Signal profile · Not right? Tell us
Lockheed Martin VenturesreportedBethesda
How we know: the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$337.3M disclosed across 6 rounds · 2014–2026
▶$275MraisedJan 2026 · 53 investors · Other TechnologyRule 506(b)
▶$275MraisedJan 2026 · 53 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Kirstjen NielsenDirector
- Diane NguyenExecutive Officer
- Rohit GhaiDirector
- John D. DiLulloDirector
- Alan E. BaratzExecutive Officer, Director
- Roger BiscayDirector
- Steven WestDirector
- Sharon E. HoltDirector
- John M. MarkovichExecutive Officer
- Offering amount
- $275M
- Amount sold
- $275M
- First sale
- Jan 2026
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$7.9MraisedDec 2019 · 8 investors · Other TechnologyRule 506(b)
▶$7.9MraisedDec 2019 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Colin WilliamsExecutive Officer
- Steve JurvetsonDirector
- Alexandre ZagoskinPromoter
- Donald J. ListwinDirector
- Victoria BrydonExecutive Officer
- Tanya RotheExecutive Officer
- Steven M. WestDirector
- Alan BaratzExecutive Officer
- J. Haig Deb FarrisDirector, Promoter
- Warren WallExecutive Officer
- Geoff J. CatherwoodDirector
- Francois LachanceDirector
- Jeremy P. HiltonExecutive Officer
- Vern BrownellExecutive Officer, Director
- V. Paul LeeDirector
- Anik LanthierDirector
- Jennifer HoustonExecutive Officer
- Dan CohrsExecutive Officer
- Offering amount
- $9.7M
- Amount sold
- $7.9M
- First sale
- Nov 2019
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶$20MraisedFeb 2019 · 13 investors · Other TechnologyRule 506(b)
▶$20MraisedFeb 2019 · 13 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Francois LachanceDirector
- Warren WallExecutive Officer
- Jeremy P. HiltonExecutive Officer
- Colin WilliamsExecutive Officer
- V. Paul LeeDirector
- Alexandre ZagoskiPromoter
- Jennifer HoustonExecutive Officer
- Tanya RotheExecutive Officer
- Dan CohrsExecutive Officer
- Philippe St-JeanDirector
- Vern BrownellExecutive Officer, Director
- Steven M. WestDirector
- Geordie RosePromoter
- Steve JurvetsonDirector
- J. Haig Deb FarrisDirector, Promoter
- Alan BaratzExecutive Officer
- Donald J. ListwinDirector
- Geoff J. CatherwoodDirector
- Victoria BrydonExecutive Officer
- Offering amount
- $20M
- Amount sold
- $20M
- First sale
- Feb 2019
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶$2.2MraisedNov 2014 · 7 investors · Other TechnologyRule 506(b)
▶$2.2MraisedNov 2014 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Steve JurvetsonDirector
- J. Haig Deb FarrisDirector, Promoter
- William C. BlakeExecutive Officer
- V. Paul LeeDirector
- Don ListwinDirector
- Robert H. EwaldExecutive Officer
- Tanya RotheExecutive Officer
- Warren WallExecutive Officer
- Vern BrownellExecutive Officer, Director
- Steven M. WestDirector
- Geoff J. CatherwoodDirector
- Alexei A. AndreevDirector
- Geordie RoseExecutive Officer, Promoter
- Shelley BubbExecutive Officer
- Offering amount
- $2.2M
- Amount sold
- $2.2M
- First sale
- Oct 2014
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶$28.4MraisedJul 2014 · 33 investors · Other TechnologyRule 506(b)
▶$28.4MraisedJul 2014 · 33 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jeremy P. HiltonExecutive Officer
- Don ListwinDirector
- Tanya RotheExecutive Officer
- Alexei A. AndreevDirector
- Robert WiensPromoter
- Shelley BubbExecutive Officer
- William MacreadyExecutive Officer
- Steve JurvetsonDirector
- Vern BrownellExecutive Officer, Director
- V. Paul LeeDirector
- Steven CakebreadExecutive Officer
- J. Haig Deb FarrisDirector, Promoter
- Robert H. EwaldExecutive Officer
- Warren WallExecutive Officer
- Eric LadizinskyExecutive Officer
- Alexandre M. ZagoskinPromoter
- Geordie RoseExecutive Officer, Promoter
- David PiresExecutive Officer
- Geoff J. CatherwoodDirector
- Steven M. WestDirector
- Offering amount
- $35.2M
- Amount sold
- $28.4M
- Sales commissions
- $318.9K
- First sale
- Jun 2014
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶$3.9MraisedMay 2014 · 8 investors · Other TechnologyRule 506(b)
▶$3.9MraisedMay 2014 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- J. Haig Deb FarrisDirector, Promoter
- Robert H. EwaldExecutive Officer
- Geordie RoseExecutive Officer, Promoter
- David PiresExecutive Officer
- Vern BrownellExecutive Officer, Director
- Alexei A. AndreevExecutive Officer, Director
- Don ListwinDirector
- Steven M. WestDirector
- Steve JurvetsonDirector
- Alexandre M. ZagoskinPromoter
- Eric LadizinskyExecutive Officer
- Jeremy P. HiltonExecutive Officer
- Shelley BubbExecutive Officer
- Robert WiensPromoter
- William MacreadyExecutive Officer
- Tanya RotheExecutive Officer
- V. Paul LeeDirector
- Geoff J. CatherwoodDirector
- Steven CakebreadExecutive Officer
- Warren WallExecutive Officer
- Offering amount
- $3.9M
- Amount sold
- $3.9M
- First sale
- May 2014
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
4 people who came through D-Wave went on to found or lead other companies.
Related companies · 2
QuEra ComputingQuEra develops neutral-atom quantum computers, building both the quantum hardware and the classical control systems that operate them, along with related software and applications. It serves enterprise customers, high-performance computing centers, and government agencies worldwide, including deployments in Japan's national quantum program.
AmogyAmogy develops patented ammonia cracking technology that converts ammonia into electric power for hydrogen fuel cells and engines, targeting decarbonization of heavy industries including transportation and maritime. The company offers modular ammonia-to-power systems and high-efficiency catalysts as alternatives to diesel and hydrogen fuel solutions.
Companies working in the same space as D-Wave.
Frequently asked questions
- What does D-Wave do?
- D-Wave is a quantum computing company offering both annealing and gate-model systems for solving optimization, simulation, and modeling problems. It serves enterprises and researchers through cloud access, developer tools, and professional services for applications in areas such as materials simulation and machine learning.
- Who founded D-Wave?
- D-Wave was founded by J. Haig Deb Farris, Geordie Rose, Eric Ladizinsky in 2022.
- Who are D-Wave's investors?
- D-Wave's investors include Defined VC, Draper Associates, Future Ventures, Kensington Capital Partners Limited, Pender Growth Fund, Runa Capital, BDC Venture Capital, Lockheed Martin Ventures.
- How much funding has D-Wave raised?
- D-Wave has disclosed $337.3M raised across 6 rounds.
- Where is D-Wave headquartered?
- D-Wave is headquartered in Burnaby, US.