May. 12 at 7:27 PM
$QBTS QBTS Signs 2-Year Agreement With Fortune 100 Company
The company also stated that it signed a two-year Quantum Computing as a Service (QCaaS) agreement with a Fortune 100 company. The agreement is worth
$10 million.
Together, these two bookings account for about 90% of D-Wave Quantum’s bookings during the quarter. The company stated that it will recognize revenue from these bookings in subsequent quarters.
“Our acquisition of Quantum Circuits is expected to meaningfully accelerate our delivery of a scalable, error-corrected gate model system, while our record-setting
$10 million quantum computing as a service agreement with a Fortune 100 company reinforced growing demand for our annealing systems,” said D-Wave Quantum CEO Alan Baratz.