Rigetti quantum computing company raises $71 million

March 03, 2020 //By Peter Clarke
Rigetti quantum computing raises $71 million
Quantum computing company Rigetti & Co Inc. (Berkeley, Calif.) has raised $71 million in equity finance, according to a filing with the Securities Exchange Commission.

This brings the amount invested in the company, which was founded in 2013, to more than $190 million. However, it lags behind younger California rival PsiQuantum Corp. which recently announced it had raised $230 million (see Quantum computing startup raises $215 million ).

The filing by Rigetti, dated February 28, 2020, states that the company has sold just over $71 million, with an additional $12.8 million of equity still available. It does not disclose who bought the stock in the company.

In March 2017 Rigetti announced it had raised $64 million in Series A and Series B rounds of financing. The Series A round of $24 million was led by Andreessen Horowitz. The $40 million Series B was led by Vy Capital and included Andreessen Horowitz. Investors in both rounds include Y Combinator's Continuity Fund, Data Collective, FF Science, AME Cloud Ventures, Morado Ventures, and WTI. Institutional investors in Series A include Sutter Hill Ventures, Susa Ventures, Streamlined Ventures, Lux Capital, and Bloomberg Beta.

Rigetti raised a further $50 million in a Series C round of finance in November 2017 that includes Streamlined Ventures and Seabed VC, according to reports.

Related links and articles:

www.rigetti.com

News articles:

Quantum computing startup raises $230 million

Quantum computing available via Amazon Web Services

Quantum computing startup has $69 million

Startup opens fab for quantum ICs

Sheffield University opens quantum technology centre

Google's Sycamore quantum processor shows 'supremacy'

Quantum wells could keep electronics cool


Vous êtes certain ?

Si vous désactivez les cookies, vous ne pouvez plus naviguer sur le site.

Vous allez être rediriger vers Google.