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D-Wave Overview Vern Brownell, CEO. © 2013 D-Wave Systems Inc. All Rights Reserved 2 About D-Wave Founded in 1999 Raised over $130M in venture funding.

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Presentation on theme: "D-Wave Overview Vern Brownell, CEO. © 2013 D-Wave Systems Inc. All Rights Reserved 2 About D-Wave Founded in 1999 Raised over $130M in venture funding."— Presentation transcript:

1 D-Wave Overview Vern Brownell, CEO

2 © 2013 D-Wave Systems Inc. All Rights Reserved 2 About D-Wave Founded in 1999 Raised over $130M in venture funding and government grants since inception Premier First Customers High margin, high growth system sales, service and cloud services business 100 US patents granted; over 60 scientific papers published

3 © 2013 D-Wave Systems Inc. All Rights Reserved 3 Mission We help solve the most challenging computing problems in the universe. Mission planning Cancer research Systems Optimization Anomaly detection Search for exoplanets

4 © 2013 D-Wave Systems Inc. All Rights Reserved 4 Why Build a Quantum Computer? Solve high-value commercial and scientific problems that can’t be solved today Solve complex problems orders of magnitude faster We have demonstrated 10,000 – 100,000x speedups

5 © 2013 D-Wave Systems Inc. All Rights Reserved 5 Addressable Market TAM2014 HPC Market $12.6B 2014 Supercomputing $6.2B Source: IDC Defense/ Gov’t Labs Bioscience Big Data Universities Energy/ GeoScience Finance2014 Big Data Market $16.1B 2014 Servers as % of Big Data $4.6B

6 © 2013 D-Wave Systems Inc. All Rights Reserved 6 Target Industries

7 © 2013 D-Wave Systems Inc. All Rights Reserved 7 D-Wave Two TM Quantum ComputerFeatureDescriptionArchitecture One 512-qubit quantum processor Power 15.5kW (no increase up to 10,000+ qubits) Capability Finds optimal or near-optimal solution in a search space of possibilities Applications Discrete combinatorial optimization, artificial intelligence, machine learning Quantum co-processor Designed to be used as a “quantum co-processor”, complementing an HPC system or data analytics engine Scaling 500,000x faster than D-Wave One, developed in 2 years

8 © 2013 D-Wave Systems Inc. All Rights Reserved 8 What is a Quantum Computer? Exploits quantum mechanical effects Built around “qubits” rather than “bits” Operates in an extreme environment Enables quantum algorithms to solve very hard problems Quantum Processor

9 © 2013 D-Wave Systems Inc. All Rights Reserved 9 Power and Cooling Closed cycle dilution refrigerator (“fridge”) Fridge + servers consume 15.5kW Power demand will remain constant as we scale up to thousands of qubits

10 © 2013 D-Wave Systems Inc. All Rights Reserved 10 Cooled to 0.02 Kelvin, 150x colder than interstellar space Shielded to 50,000× less than Earth’s magnetic field On low vibration floor 168 i/o and control lines from room temperature to the chip Processor Environment

11 © 2013 D-Wave Systems Inc. All Rights Reserved 11 Mathematical Programming Optimization Benchmarks Median Time to Find Best Solution (Log scale) Timing Benchmark – Smaller is Better D-Wave Two Commercial solvers

12 © 2013 D-Wave Systems Inc. All Rights Reserved 12 Mathematical Programming Optimization Benchmarks Time to solve 25% of the most complex problems (Log scale) Timing Benchmark – Smaller is Better D-Wave Two Commercial solvers

13 © 2013 D-Wave Systems Inc. All Rights Reserved 13 The Most Advanced Quantum Computer in the World 10,000 1, Number of Qubits D-Wave One 128 qubit D-Wave Two 512 qubit 28 qubit 16 qubit 4 qubit

14 © 2013 D-Wave Systems Inc. All Rights Reserved 14 Ranked fourth in patent power for computer systems by IEEE D-Wave patents cover broad range of domains superconducting qubits quantum processor magnetic shielding cooling software algorithms

15 © 2013 D-Wave Systems Inc. All Rights Reserved 15 A Brief History Intellectual Property Aggregation Concept and Design Science and Engineering Commercialize and Scale ’99‘00’01’02’03’04’05’06’07’08’09’10’11’12‘13’14‘15

16 © 2013 D-Wave Systems Inc. All Rights Reserved 16 Go-to-Market Model Joint collaboration with strategic customers (e.g. Lockheed Martin, NASA, Google) Focus on key verticals: – Defense/Intelligence – direct and through integrators – Web 2.0 – image / pattern recognition, machine learning – National laboratories – Universities – Financial Services – risk modeling, trading strategies – Energy Provide broader access via Quantum Cloud

17 © 2013 D-Wave Systems Inc. All Rights Reserved 17 System D-Wave One (128-qubits) installed at USC/ISI Q D-Wave Two (512-qubits) Q Objective “To solve hugely enormous, complex problems in a reasonable amount of time.” Applications Software validation and verification of complex software for radar, space and aircraft systems Lockheed Martin “ This is a revolution not unlike the early days of computing, …It is a transformation in the way computers are thought about.” Ray Johnson, Lockheed Chief Technology Officer “ It’s a game changer for Lockheed Martin, a game changer for our customers, and ultimately a game changer for humanity.” Greg Tallant, Lockheed Martin program manager

18 © 2013 D-Wave Systems Inc. All Rights Reserved 18 System D-Wave Two (512-qubits) installing at Quantum Artificial Intelligence Lab, Operational Q Objective “To study how quantum computing might advance machine learning.” Applications “Help researchers construct more efficient and more accurate models for everything from speech recognition, to web search, to protein folding.” Google “We believe quantum computing may help solve some of the most challenging computer science problems, particularly in machine learning…We actually think quantum machine learning may provide the most creative problem-solving process under the known laws of physics.” Hartmut Neven, Director of Engineering, Google

19 © 2013 D-Wave Systems Inc. All Rights Reserved 19 System D-Wave Two (512-qubits) installing at Quantum Artificial Intelligence Lab at NASA Ames Research Center, Operational Q Objective “to develop dramatically improved algorithms for optimization tasks in air traffic control, autonomy, robotics, navigation and communication, system diagnostics, pattern recognition, and mission planning and scheduling.” Initial Applications Search for exoplanets among the more than 100,000 stars in the Kepler spacecraft’s field of view, and complex mission planning and scheduling NASA Ames “Using the D-Wave Two to perform Kepler’s data-intensive search for transiting planets among the more than 100,000 stars in the spacecraft’s field of view has the potential to provide a unique, complementary approach to the task of discovering new Earth-like exoplanets.” Quantum Computer Fact Sheet at NASA Ames

20 © 2013 D-Wave Systems Inc. All Rights Reserved 20 Types of Applications Labeling imagesExtracting meaning from news stories Detecting and tracking objects in images Finding correlations in bioinformatic data Improving natural language in machines Creating and testing scientific hypotheses

21 © 2013 D-Wave Systems Inc. All Rights Reserved 21 Business Model System sales, services, solution-based subscription contracts Multi-year subscription contracts (3 to 5 years) Creates deferred revenue on balance sheet Annual upfront billing Professional Services and maintenance revenues streams Focus on long term growth opportunity Primarily a direct sales effort

22 © 2013 D-Wave Systems Inc. All Rights Reserved 22 D-Wave Executive Team Vern Brownell, CEO CEO Egenera, CTO Goldman Sachs Steve Cakebread, CFO CFO Pandora, Salesforce.com Bo Ewald, CRO CEO, Cray, SGI Warren Wall, COO COO, Electronic Arts Canada Dr. Geordie Rose, CTO Founder, D-Wave

23 © 2013 D-Wave Systems Inc. All Rights Reserved 23 Supported by World Class Investors International Investment and Underwriting

24 © 2013 D-Wave Systems Inc. All Rights Reserved 24 Summary Quantum computing will help solve the world’s most challenging computing problems D-Wave is the world leader in producing a scalable quantum computer D-Wave has sold and installed its first two D-Wave Two systems Typical system services engagement is $8-10M over 3 years, not including professional services D-Wave will develop “Quantum Cloud” model, with unprecedented energy efficiency built upon existing capability

25 Thanks!


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