Diligence memo · auto-generated · as of July 2, 2026
D-Wave Quantum Inc.
D-Wave Quantum Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
D-Wave Quantum Inc. operates in Other Technology, based in PALO ALTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
D-Wave Quantum Inc. has raised $275M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $275M on 2026-01-20.
Most recent recorded round closed around 2026-01-20.
Valuation (modeled)modeled
Provath models D-Wave Quantum Inc. at approximately $2.1B (range $1.5B–$2.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.05× the median modeled value of Series D+ Other Technology companies in 2025–2027 (60 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of Other Technology peers (21302 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: ServiceNow, Inc., Castelion Corp, Cryptyde, Inc., Niantic Spatial, Inc., Robin Motor Ltd.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.