D-Wave completed the merger with Quantum Circuits in a $550m deal.

D-Wave, a practical quantum computing company, completed the merger with Quantum Circuits, a developer of full-stack quantum computing systems, in a $550m deal. “The acquisition of Quantum Circuits marks a watershed moment that firmly establishes D-Wave as the world’s leading quantum computing company. By uniquely delivering both best-in-class annealing and gate-model technologies, we are setting the pace for the entire industry. This dual-platform approach will significantly expand the addressable use cases for our customers, with the potential to deliver profound impact across businesses, the scientific community, and governments worldwide," Dr. Alan Baratz, D-Wave CEO.