D-Wave Quantum announced it has signed a $10 million, two-year enterprise Quantum Computing as a Service agreement with a leading Fortune 100 company, positioning the contract as a meaningful commercial validation for its annealing quantum computing offering and its broader push to bring quantum capabilities into day-to-day enterprise workflows.
Under the agreement, D-Wave said the two companies plan to collaborate to develop and deploy several quantum-powered applications. While D-Wave did not identify the customer or outline specific use cases, the company framed the work as a practical effort focused on building deployable applications rather than limiting activity to research projects. The announcement also signals continued demand for quantum services delivered through cloud-based access models, enabling enterprises to engage with quantum hardware and software without the lead time and operational complexity of installing and running specialized systems internally.
D-Wave emphasized that the deal supports its view that quantum computing can deliver value today for certain classes of computational problems, particularly optimization and related workloads, where annealing approaches are often positioned. In describing the agreement, D-Wave characterized it as an endorsement of its production readiness and the enterprise viability of its annealing platform, while also reinforcing the company’s dual-platform strategy spanning both annealing and gate-model quantum computing technologies.
The company said it offers enterprise-grade systems available both on premises and through its Leap quantum cloud service. D-Wave highlighted Leap’s 99.9% availability and uptime, and said more than 100 organizations across commercial, government, and research sectors use D-Wave’s systems, software, and services to address complex computational challenges. The new Fortune 100 contract, as described, adds another enterprise-scale engagement to that customer base and provides a defined multi-year commercial framework for application development and deployment.
D-Wave also used the announcement to point attention to Qubits 2026, its customer and ecosystem event scheduled for January 27 and 28, 2026, in Boca Raton, Florida, where the company plans to share more about how customers are applying its technology to real-world problems. By tying the enterprise agreement to the event, D-Wave appears to be aiming to showcase near term commercialization and customer momentum alongside product and partner updates.
KEY QUOTE:
“This agreement marks a significant milestone in D-Wave’s annealing quantum computing enterprise adoption and impact,” said Dr. Alan Baratz, CEO of D-Wave. “No other company in the world has production-grade quantum technology in the market today, and this agreement is inarguably one of the most significant endorsements of how our solutions stand to benefit the world’s leading companies.”
Dr. Alan Baratz, CEO, D-Wave
