Rigetti Computing, a start-up based in Berkeley, California, announced $64 million in Series A and B funding for its efforts in quantum computing.
Rigetti, which was founded by Chad Rigetti in 2013, is building a cloud quantum computing platform for artificial intelligence and computational chemistry. It recently opened up private beta testing of its API for quantum computing in the cloud.
The Series A round of $24 million was led by Andreessen Horowitz. The Series B round of $40 million was led by Vy Capital, followed by Andreessen Horowitz. Major investors in both rounds include Y Combinator's Continuity Fund, Data Collective, FF Science, AME Cloud Ventures, Morado Ventures, and WTI.
"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."
http://rigetti.com/
