Completion of SOC 2 Type 2 audit furthers company’s commitment to data security as customers adopt production use of its quantum computing solutions
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced the successful completion of its SOC 2® Type 2 audit as of December 7, 2023, as the company supports increased commercial customer adoption and production use of its quantum computing solutions. The achievement makes D-Wave the first full-stack quantum computing provider to achieve SOC 2 Type 2 compliance. This milestone follows D-Wave’s successful SOC 2 Type 1 audit, which was completed in March 2023.
The audit completion comes at a time when business leaders are increasingly accountable for how private information is handled by third parties and need to ensure that the services they use to process data meet federally regulated mandates around security controls and the effectiveness of those controls over time. As they consider where to run business-critical applications, customers are seeking trusted vendors that help reduce risk and meet standards like SOC 2.
“As an industry partner using D-Wave’s services, I have even greater confidence in the company’s data security and processing integrity, given its SOC 2 Type 2 certification,” said Major General John W. Holly (USA, Ret.), CEO and chairman of Davidson.
“We’re in a pivotal moment for quantum computing, as our customers are now moving full-steam ahead into enterprise-scale adoption and deployment,” said Dr. Alan Baratz, CEO of D-Wave. “SOC 2 compliance is a key part of our production leadership, as it ensures commercial-grade security measures are established and regularly reviewed. With customers increasingly incorporating and using our quantum solutions to support daily operations, this level of data protection and security is paramount.”
The SOC 2 Type 2 audit was conducted by leading compliance assessor A-LIGN, a technology-enabled security and compliance partner trusted by more than 2,500 global organizations to help mitigate cybersecurity risks. Established by the American Institute of Certified Public Accountants (AICPA), the SOC 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 reports are recognized globally and affirm that a company’s infrastructure, software, people, data, policies, procedures, and operations have been formally reviewed.
“Congratulations to D-Wave for completing its SOC 2 audit, a widely recognized signal of trust and security,” said Steve Simmons, COO of A-LIGN. “It’s great to work with organizations like D-Wave, who understand the value of expertise in driving an efficient audit and the importance of a high-quality final report.”
Going forward, D-Wave will perform annual SOC 2 Type 2 assessments and will make the latest report available to current or potential customers upon execution of a nondisclosure agreement. If you are interested in viewing D-Wave’s SOC 2 Type 2 report, contact sales@dwavesys.com.
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