A Silicon Valley-based quantum computing company, D-Wave Quantum, will relocate its headquarters to Boca Raton, Florida. The move is part of ongoing efforts to establish Palm Beach County as a technology hub.
D-Wave Quantum, currently based in Palo Alto, California, plans to open its new headquarters and a research and development facility at the Boca Raton Innovation Campus (BRiC) by the end of the year. The company has leased approximately 25,000 square feet for this purpose, according to a spokesperson from CP Group.
Founded in 1999 and taken public in 2022, D-Wave provides dual-platform quantum computing services. Alan Baratz serves as CEO.
The company recently entered into a $20 million agreement with Florida Atlantic University. As part of this deal, the university will purchase an Advantage2 annealing quantum computer and install it on its Boca Raton campus. Following the announcement of this agreement on Tuesday, D-Wave’s stock increased by 1.6 percent, as reported by Investor’s Business Daily.
Also announced on Tuesday was a collaboration between D-Wave Quantum, Davidson Technologies, and Anduril Industries to develop quantum applications aimed at enhancing U.S. air and missile defense systems.
The BRiC property is owned by CP Group—based in Boca Raton—and New York-based DRA Advisors. The campus spans 1.7 million square feet at 5000 T-Rex Avenue and was originally developed by IBM in the 1960s for research purposes. In 2021, DRA Advisors acquired a stake in BRiC for $320.2 million under the leadership of David Luski; CP Group is led by Angelo Bianco and Chris Eachus.
The owners have recently completed $100 million in capital improvements to BRiC.
D-Wave’s relocation contributes to South Florida’s growing reputation as a center for technology firms—a trend that accelerated during the pandemic when several Silicon Valley companies expanded into the region after local business restrictions eased and events like the 2020 bitcoin conference took place in Miami’s Wynwood district.
However, data shows that despite interest from tech companies over recent years, there has not been significant growth in office leasing within South Florida overall. Some firms that moved during the pandemic have since returned to Silicon Valley due to its prominence as an ecosystem for artificial intelligence development.
In response to these shifts, there has been renewed effort over the past year to expand Palm Beach County’s tech industry presence—especially in West Palm Beach. This initiative is led by billionaire Steve Ross and other executives at Related Ross—the real estate firm Ross founded in 2024—which focuses on attracting high-profile tenants such as ServiceNow and Vanderbilt University through large-scale projects like their new downtown office tower and upcoming graduate campus investments.
