Rigetti & Co, Inc.

Based in California, US, and founded in 2013 by Chad Rigetti, Rigetti & Co, Inc. provides cloud quantum programming solutions and superconducting quantum processors for artificial intelligence and computational chemistry. In October 2021, Supernova Partners Acquisition Company II, Ltd. , a special purpose acquisition company (SPAC), alongside Ampere Computing Holdings LLC, Bessemer Venture Partners, Franklin Templeton, Keysight Technologies, Inc.

, Palantir Technologies Inc. , and T. Rowe Price agreed to acquire Rigetti & Co, Inc. The transaction will result in a merger between the SPAC and Rigetti & Co, Inc.

and is valued at USD 100 million. As of October 2021, founder Mr. Chad Rigetti is the CEO of Rigetti & Co, Inc and employs more than 130 employees with offices in the United States, Canada, the U. K.

, and Australia. Rigetti & Co, Inc. designs and manufacturers quantum integrated circuits, and deploys them in a low-temperature environment to build control systems for performing quantum logic operations. The company’s product line includes FPGA-based control hardware, quantum cloud services platform (QCS), the technology stack and quantum virtual machine.

FPGA-based control hardware provides the low-latency architecture for hybrid quantum-classical computing and the implementation of high-throughput quantum programs. The quantum cloud services platform (QCS) is used to support ultra-low latency connectivity between a customer’s high-performance classical hardware and Rigetti QPUs. The technology stack integrates advances in engineering, physics, computer science, and manufacturing to move the company further, faster. Quantum Virtual Machine is the company’s open-source implementation of a quantum computation simulator.

In addition, Rigetti provides a suite of open-source tools through its Forest SDK for efficiently designing experiments and performing algorithm research. Rigetti & Co, Inc. plans to use its proceeds from October 2021 funding to accelerate the development of multiple generations of quantum processors and grow its commercial business. In addition, the company also plans to be listed on the NYSE under the ticker RGTI.