Wednesday, April 5, 2017

Quantum Computing Startup Rigetti Computing Raises $64 Million in Funding

The other day I mentioned that D-Wave wasn't yet a "real" quantum computer but that they were closer than anyone currently in production. Here's one of the up-and-comers.
From Inside HPC, March 29:
Today Rigetti Computing, a leading quantum computing start-up, announced it has raised $64 million in Series A and B funding.
Quantum computing will enable people to tackle a whole new set of problems that were previously unsolvable,” said Chad Rigetti, founder and chief executive officer of Rigetti Computing. “This is the next generation of advanced computing technology. The potential to make a positive impact on humanity is enormous.”
The Series A round of $24 million was led by Andreessen Horowitz. Vijay Pande, general partner at Andreessen Horowitz, has been appointed to Rigetti’s Board of Directors, joining Rigetti CEO Chad Rigetti and angel investor Charlie Songhurst. The Series B round of $40 million was led by Vy Capital, followed by Andreessen Horowitz.

Rigetti Computing was founded by Chad Rigetti in 2013 and has offices in Fremont and Berkeley, Calif. The company 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.

Quantum computers store and process information using individual photons, enabling dramatically greater computational power and energy efficiency. Rigetti Computing has taken a highly interdisciplinary approach to developing the technology, with a team from diverse backgrounds in computer science, engineering, physics, and chemistry....