D-Wave Quantum Inc. announced a $10 million, two-year enterprise Quantum Computing as a Service (QCaaS) agreement with a Fortune 100 company, marking a notable step in the commercial adoption of quantum computing. Under the deal, the partners will collaborate to develop and deploy multiple quantum-powered applications using D-Wave’s annealing and gate-model platforms.

D-Wave said the agreement underscores growing enterprise demand for production-grade quantum solutions and highlights its position as the only provider offering dual-platform quantum systems available both on-premises and via cloud services. The company added that the partnership reflects increasing confidence among large corporations in applying quantum technology to solve complex, real-world computational challenges.