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D-Wave Quantum Inc. (NYSE: QBTS) Completes Second SOC 2(R) Type 2 Audit, Confirming Commitment to Rigorous Data Privacy Standards

  • Established by the American Institute of Certified Public Accountants and recognized worldwide, the SOC 2 Type 2 examination is designed for organizations of any size, regardless of industry and scope, to ensure the personal assets of their potential and existing customers are protected.
  • SOC 2 Type 2 compliance is part of D-Wave’s ongoing efforts to support customers’ production deployments of quantum and hybrid-quantum applications.
  • The company completed its first SOC 2 Type 2 audit in December 2023 and plans to perform these assessments every year.

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced that it has completed its second SOC 2 Type 2 audit, a reflection of its ability to provide customers with secure, enterprise-grade quantum computing solutions. The company completed its first SOC 2 Type 2 audit in December 2023 and has maintained this rigorous compliance standard, demonstrating its ongoing commitment to customer data security and protection (https://ibn.fm/uK7ig).

The SOC 2 Type 2 audit was established by the American Institute of Certified Public Accountants (“AICPA”) and is recognized worldwide as confirmation that a company’s operations, procedures, policies, staff, infrastructure and software were formally reviewed. The audit is designed for any kind of…

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NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

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