D-Wave will receive $1,566,250 of a larger $4 million NSF grant to Yale-led ERASE, a fault-tolerant quantum computing project. The grant flows through D-Wave's Quantum Circuits, LLC subsidiary, but ERASE has partnered with Quantum Circuits, Inc. since December 2024, more than a year before D-Wave acquired the company in January 2026.

This isn't a new government endorsement of D-Wave, it's a pre-existing Yale relationship that came bundled with the QCI acquisition, and D-Wave's annealing business has nothing to do with it. Without QCI, D-Wave would not be eligible for this grant at all.

D-Wave is taking credit for a Yale partnership it bought, not built, and the press release's "deepens D-Wave's relationship with Yale" framing erases that QCI had this relationship before D-Wave existed in this picture. Footer: BusinessWire | June 30, 2026

Sources D-Wave to Receive $1.5 Million Grant Through NSF Project to Strengthen U.S. Quantum Computing Leadership — BusinessWire, June 30, 2026 - https://www.businesswire.com/news/home/20260630098255/en/D-Wave-to-Receive-$1.5-Million-Grant-Through-NSF-Project-to-Strengthen-U.S.-Quantum-Computing-Leadership A new vision for quantum computing takes a big step forward, with new grant — Yale News, June 25, 2026 - https://news.yale.edu/2026/06/25/new-vision-quantum-computing-takes-big-step-forward-new-grant With NSF grant, Yale and industry team up to harness quantum's potential — Yale News, December 19, 2024 - https://news.yale.edu/2024/12/19/nsf-grant-yale-and-industry-team-harness-quantums-potential D-Wave Quantum Inc. Form 10-Q, Q1 2026 — SEC EDGAR, filed May 2026 - https://www.sec.gov/Archives/edgar/data/0001907982/000190798226000059/qbts-20260331.htm D-Wave Reports First Quarter 2026 Results — BusinessWire, May 12, 2026 - https://www.businesswire.com/news/home/20260512684377/en/D-Wave-Reports-First-Quarter-2026-Results