Rigetti Computing

Rigetti Computing is a full-stack quantum computing company design and manufacture superconducting quantum integrated circuits. 

Rigetti builds software to integrate it's systems directly into existing cloud infrastructure. They also develops new algorithms for quantum computing, with a focus on near-term applications in computational chemistry and machine learning.

Rigetti was founded in 2013 by Chad Rigetti. The company is based in Berkeley, California, with an office in Fremont, California; Washington, D.C.; Adelaide, Australia; and London, UK.

 

Rigetti is building a cloud quantum computing platform for artificial intelligence and computational chemistry. Rigetti recently opened up private beta testing of Forest, its API for quantum computing in the cloud. Forest emphasizes a quantum-classical hybrid computing model, integrating directly with existing cloud infrastructure and treating the quantum computer as an accelerator.

 

Rigetti is the only company deploying full-stack solutions for hybrid classical/quantum computing. Our 19-qubit quantum computer is available online through our Forest platform, and the first commercially useful applications are already under exploration.

 

Rigetti currently offers its own cloud-based service for access to its machines, as well as through AWS’ Braket service, which is currently in preview. The company also recently won an $8.6 million DARPA award to build a quantum computer that outperforms classical computers.

 

Rigetti is backed by Bessemer Venture Partners, Streamlined Ventures, Andreessen Horowitz, Franklin Templeton, DCVC, Alumni Ventures Group, Vy Capital, Lux Capital, Y Combinator, EDBI, Morpheus Ventures and others. The company raised $79M in Series C round on Aug 04, 2020. This brings Rigetti's total funding to $269.5M to date.

 

 

  • Year founded: 2013
  • Funding Info: $269.5M over 9 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: $20M-$50M (2019)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Berkeley
  • State: California
  • Country: United States
Related businesses