D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, has expanded its executive team as the company positions itself in a growing market. The company has appointed cloud entrepreneur and IT industry veteran Lorenzo Martinelli as its first chief revenue officer and Dr. Trevor Lanting as its chief development officer.
According to the announcement, the new appointments will “supercharge” D-Wave’s go-to-market (“GTM”) growth strategy as well as product innovation. In his new position, Martinelli will oversee sales, marketing, professional services, and customer success as well as spearhead the company’s commercial expansion into key vertical markets. Lanting, who previously served as D-Wave’s senior vice president of software, algorithms and cloud services, will lead D-Wave’s product innovation roadmap, including its full stack of quantum computing hardware and software solutions.
Martinelli has more than three decades of experience in building start-ups from inception to IPO and has served in leadership roles at QAD DynaSys, E2open, AristaSoft, Baan (now Infor), Digital Equipment (now HPE) and IBM. He has an impressive background devising innovative GTM strategies for optimization applications, especially in the company’s key target verticals of logistics and manufacturing, and will be key in executing the company’s growth strategy. Lanting’s new responsibilities include overseeing D-Wave’s product roadmap and initiatives to advance the science of quantum computing as well as helping direct the ongoing development of the company’s Advantage(TM) and Advantage2(TM) annealing quantum computing systems, its gate model computing program, and the interdisciplinary teams focused on performance research and algorithm development.
“This is a watershed moment as enterprise customers are starting to move quantum applications into production,” said D-Wave Quantum CEO Dr. Alan Baratz in the press release. “The expertise and leadership of these two seasoned leaders will be instrumental in executing our GTM strategy, fueling new commercial opportunities and advancing our technology innovation as we continue to demonstrate annealing quantum computing’s impact on customers today.”
To view the full press release, visit https://ibn.fm/SFy03
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software and services, and is the world’s first commercial supplier of quantum computers — and the only company building both annealing quantum computers and gate-model quantum computers. The company’s mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations, including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California and Los Alamos National Laboratory. For more information about the company, please visit www.dwavequantum.com.
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. Forward-looking statements in this press release include, but are not limited to, statements regarding the implementation of the initiatives established by the NDAA and the development and implementation of other Congressional initiatives related to quantum technology. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the successful implementation of the initiatives and programs established by the NDAA; whether the other pieces of legislation related to Congressional initiatives regarding quantum technology continue to proceed through the legislative process; general economic conditions and other risks; the company’s ability to expand its customer base and the customer adoption of its solutions; risks within D-Wave’s industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against the company; risks related to the performance of the company’s business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of the company’s products; the effects of competition on the company’s business; the risk that D-Wave will need to raise additional capital to execute the company’s business plan, which may not be available on acceptable terms or at all; the risk that D-Wave may never achieve or sustain profitability; the risk that D-Wave is unable to secure or protect the company’s intellectual property; volatility in the price of the company’s securities; the risk that the company’s securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave’s Annual Report on Form 10-K for its fiscal year ended December 31, 2022 and other filings with the Securities and Exchange Commission. 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 the company on the date hereof. D-Wave undertakes no duty to update this information unless required by law.
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