D-‐Wave Overview - D

D-­‐Wave Overview Vern Brownell, CEO About D-­‐Wave High margin, high growth system sales, service and cloud services business Founded in 1999 Premier First Customers 100 US patents granted; over 60 scienBfic papers published © 2014 D-­‐Wave Systems Inc. All Rights Reserved Raised over $160M in venture funding and government grants since incepBon 2 Mission We help solve the most challenging computing problems in the universe. Mission planning Anomaly detecDon Search for exoplanets © 2014 D-­‐Wave Systems Inc. All Rights Reserved Cancer research Systems OpDmizaDon 3 Why Build a Quantum Computer? •  Solve high-­‐value commercial and scienBfic problems that can’t be solved today •  Solve complex problems orders of magnitude faster •  We have demonstrated 10,000 – 100,000x
speedups © 2014 D-­‐Wave Systems Inc. All Rights Reserved 4 Addressable Market Defense/ Gov’t Labs Bioscience 2014 HPC Market $12.6B
2014 Universities $10B
TAM
2014 SupercompuBng $6.2B
Energy/ GeoScience Finance Source: IDC © 2014 D-­‐Wave Systems Inc. All Rights Reserved 5 Big Data Big Data Market $16.1B
2014 Servers as % of Big Data $4.6B
Target Industries Defense Intelligence UniversiBes © 2014 D-­‐Wave Systems Inc. All Rights Reserved Web Finance 6 NaBonal Labs Energy D-­‐Wave TwoTM Quantum Computer Feature DescripDon Architecture One 512-­‐qubit quantum processor Power 15.5kW (no increase up to 10,000+ qubits) Capability Finds opDmal or near-­‐opDmal soluDon in a search space of 10154 possibiliDes ApplicaDons Discrete combinatorial opDmizaDon, arDficial intelligence, machine learning Quantum co-­‐processor Designed to be used as a “quantum co-­‐processor”, complemenDng an HPC system or data analyDcs engine Scaling 500,000x faster than D-­‐Wave One, developed in 2 years © 2014 D-­‐Wave Systems Inc. All Rights Reserved 7 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
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© 2014 D-­‐Wave Systems Inc. All Rights Reserved 8 Power and Cooling •  Closed cycle diluBon refrigerator (“fridge”) •  Fridge + servers consume 15.5kW •  Power demand will remain constant as we scale up to thousands of qubits © 2014 D-­‐Wave Systems Inc. All Rights Reserved 9 Processor Environment •  Cooled to 0.02 Kelvin, 150x colder than interstellar space •  Shielded to 50,000× less than Earth’s magneBc field •  On low vibraBon floor •  168 i/o and control lines from room temperature to the chip © 2014 D-­‐Wave Systems Inc. All Rights Reserved 10 Mathematical Programming Optimization Benchmarks Median Time to Find Best SoluBon Timing Benchmark – Smaller is Bejer (Log scale) Commercial solvers © 2014 D-­‐Wave Systems Inc. All Rights Reserved D-­‐Wave Two 11 Mathematical Programming Optimization Benchmarks Time to solve 25% of the most complex problems Timing Benchmark – Smaller is Bejer (Log scale) Commercial solvers © 2014 D-­‐Wave Systems Inc. All Rights Reserved D-­‐Wave Two 12 The Most Advanced Quantum Computer in the World 10,000 1,000 Number 100 of Qubits 10 1 D-­‐Wave One 128 qubit 28 qubit 16 qubit D-­‐Wave Two 512 qubit 4 qubit 2002 © 2014 D-­‐Wave Systems Inc. All Rights Reserved 2010 2006 13 2014 Ranked fourth in patent power for computer systems by IEEE D-­‐Wave patents cover broad range of domains •  superconducBng qubits •  quantum processor •  magneBc shielding •  cooling •  sokware •  algorithms © 2014 D-­‐Wave Systems Inc. All Rights Reserved 14 A Brief History Intellectual Property AggregaDon ’99
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© 2014 D-­‐Wave Systems Inc. All Rights Reserved Concept and Design ’04
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Go-­‐to-­‐Market Model •  Joint collaboraBon with strategic customers (e.g. Lockheed MarBn, NASA, Google) •  Focus on key verBcals: –  Defense/Intelligence – direct and through integrators –  Web 2.0 – image / pajern recogniBon, machine learning –  NaBonal laboratories –  UniversiBes –  Financial Services – risk modeling, trading strategies –  Energy •  Provide broader access via Quantum Cloud © 2014 D-­‐Wave Systems Inc. All Rights Reserved 16 Customers Lockheed Martin System D-­‐Wave One (128-­‐qubits) installed at USC/ISI Q1 2012 D-­‐Wave Two (512-­‐qubits) Q2 2013 ObjecDve “To solve hugely enormous, complex problems in a reasonable amount of Bme.” ApplicaDons Sokware validaBon and verificaBon of complex sokware for radar, space and aircrak systems “ This is a revolu-on not unlike the early days of compu-ng, …It is a transforma-on in the way computers are thought about.” Ray Johnson, Lockheed Chief Technology Officer “ It’s a game changer for Lockheed Mar-n, a game changer for our customers, and ul-mately a game changer for humanity.” Greg Tallant, Lockheed MarBn program manager © 2014 D-­‐Wave Systems Inc. All Rights Reserved 17 Customers Google System D-­‐Wave Two (512-­‐qubits) installing at Quantum ArBficial Intelligence Lab, OperaBonal Q3 2013 ObjecDve “To study how quantum compuBng might advance machine learning.” ApplicaDons “Help researchers construct more efficient and more accurate models for everything from speech recogniBon, to web search, to protein folding.” “We believe quantum compu-ng may help solve some of the most challenging computer science problems, par-cularly in machine learning…We actually think quantum machine learning may provide the most crea-ve problem-­‐solving process under the known laws of physics.” Hartmut Neven, Director of Engineering, Google © 2014 D-­‐Wave Systems Inc. All Rights Reserved 18 Customers NASA Ames System D-­‐Wave Two (512-­‐qubits) installing at Quantum ArBficial Intelligence Lab at NASA Ames Research Center, OperaBonal Q3 2013 ObjecDve “to develop dramaBcally improved algorithms for opBmizaBon tasks in air traffic control, autonomy, roboBcs, navigaBon and communicaBon, system diagnosBcs, pajern recogniBon, and mission planning and scheduling.” IniDal ApplicaDons Search for exoplanets among the more than 100,000 stars in the Kepler spacecrak’s field of view, and complex mission planning and scheduling “Using the D-­‐Wave Two to perform Kepler’s data-­‐intensive search for transi-ng planets among the more than 100,000 stars in the spacecraK’s field of view has the poten-al to provide a unique, complementary approach to the task of discovering new Earth-­‐like exoplanets.” Quantum Computer Fact Sheet at NASA Ames © 2014 D-­‐Wave Systems Inc. All Rights Reserved 19 Types of Applications Labeling images ExtracBng meaning from news stories DetecBng and tracking objects in images Finding correlaBons in bioinformaBc data Improving natural language in machines CreaBng and tesBng scienBfic hypotheses © 2014 D-­‐Wave Systems Inc. All Rights Reserved 20 Business Model • 
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System sales, services, soluBon-­‐based subscripBon contracts MulB-­‐year subscripBon 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 © 2014 D-­‐Wave Systems Inc. All Rights Reserved 21 D-Wave Executive Team
Vern Brownell, CEO CEO Egenera, CTO Goldman Sachs Bo Ewald, CRO CEO, Cray, SGI Warren Wall, COO COO, Electronic Arts Canada © 2014 D-­‐Wave Systems Inc. All Rights Reserved 22 Dr. Geordie Rose, CTO Founder, D-­‐Wave Bill Blake, SVP R&D CTO, Board of Cray Supported by World Class Investors International Investment and Underwriting © 2014 D-­‐Wave Systems Inc. All Rights Reserved 23 Summary •  Quantum compuBng will help solve the world’s most challenging compuBng 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 exisBng capability © 2014 D-­‐Wave Systems Inc. All Rights Reserved 24 Thanks!