D-Wave Systems Raises $30 Million

Enterprise IT startup D-Wave Systems just closed $30 million in financing from PSP Investments.

D-Wave Systems Inc. designs and manufactures quantum computing and superconducting electronics. Its D-Wave One system is a computing system that is designed to solve industrial problems encountered by Fortune 500 companies, government, and academia. The company also provides customer support, site preparation, site installation, training packages, and on-site engineer support services.

The company said the financing will enable the company to deploy the next-generation of its technology, and build software tools to help people use the quantum computer more easily.