Canada’s D-Wave and Japan’s NEC in $10mn quantum computing tie-up

NEC Corporation and D-Wave Systems announced that they have begun joint activities to combine the compute power of NEC’s systems with the quantum computing power of D-Wave’s systems, software and cloud service to bring those combined capabilities to customers in Japan. NEC has made a $10 million investment in D-Wave in connection with this initiative.

The two companies will apply D-Wave’s collection of over 200 early customer applications to six markets identified by NEC, including finance, by working together on the development of hybrid quantum/classical technologies and services that combine the best features of classical computers and quantum computers; the development of new hybrid applications that make use of those services; and joint marketing and sales go-to-market activities to promote quantum computing.

“By combining efforts with NEC, we believe we can bring even more quantum benefit to the entire Japanese market that is building business-critical hybrid quantum applications in both the public and private sectors,” said Alan Baratz, CEO of D-Wave, in a statement.

Read the full release

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