The funding will advance D-Wave’s participation in the ERASE project focused on erasure qubits and dynamic circuits.
D-Wave Quantum (QBTS) received a $1.5M grant from the U.S. National Science Foundation to support its work on the ERASE project. The initiative aims to develop erasure qubits and dynamic circuits for quantum advantage, the company said.
The grant follows prior federal funding for quantum research, reflecting growing investment in quantum computing capabilities. The ERASE project is part of broader efforts to accelerate quantum technology applications in computing and data processing.
No immediate market reaction was disclosed in the announcement.