Rigetti Computing

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Rigetti Computing, Inc. is an American developer of superconducting quantum integrated circuits used for quantum computers. Rigetti, which is based in Berkeley, California, also develops a cloud platform called Forest that enables programmers to execute quantum algorithms. Rigetti Computing was founded in 2013 by Chad Rigetti, a physicist with a background in quantum computers from IBM who studied under Michel Devoret. Chad Rigetti has authored more than 140 publications in the fields of quantum mechanics and quantum computing. Rigetti Computing received funding from startup incubator Y Combinator in 2014 as a so-called "spaceshot" company. Later that year, Rigetti also participated in The Alchemist Accelerator, a venture capital programme. By February 2016, Rigetti created its first quantum processor, a three-qubit chip made using aluminum circuits on a silicon wafer. That same year, Rigetti raised Series A funding of US$24 million in a round led by Andreessen Horowitz. In November, the company secured Series B funding of $40 million in a round led by investment firm Vy Capital, along with additional funding from Andreessen Horowitz and other investors. Y Combinator also participated in both rounds.