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Rigetti Computing goes public via SPAC merger

TechCrunch

Rigetti Computing , one of the most visible quantum hardware startups, today announced that it is going public through a merger with the Supernova Partners Acquisition Company II SPAC. Once the transaction closes, Rigetti’s ticker symbol on the New York Stock Exchange will be “RGTI.”

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Will quantum computing remain the domain of the specialist VC?

TechCrunch

In the next three to five years, quantum computers manufacturers are expected to generate revenue of $5 billion to $10 billion , according to Boston Consulting Group. based manufacturer of ion-trapped quantum computers, for instance. The company was founded in 2015, and it went public in 2021 through a SPAC at a $2 billion valuation.

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2022 YC Year in Review

Y Combinator

Every company was offered our now standard deal of $500k. As of today, there are 16 public YC companies , Presto and Rigetti Computing joined the club this year. As of today, there are 16 public YC companies , Presto and Rigetti Computing joined the club this year.  In

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UK’s Oxford Quantum Circuits snaps up $47M for quantum-computing-as-a-service

TechCrunch

Quantum computing has been making quantum leaps of progress in the last several years — going from theoretical concept to multiple testing environments, to help organizations prep for a time when quantum computers, and their unparalleled processing power, become a scaled reality. “Our vision is seamless quantum access.”

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Here are all of the companies presenting at Alchemist Accelerator’s 30th Demo Day today

TechCrunch

Today marks the 30th Demo Day for Alchemist , the enterprise-focused accelerator that helped grow companies like LaunchDarkly, Rigetti Computing and Privacera early on. As an enterprise accelerator, the companies Alchemist backs generally focus on selling things to other companies as opposed to selling straight to consumers.

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Maybell Quantum’s Icebox is a small fridge for large quantum computers

TechCrunch

Maybell Quantum , a Denver-based startup that plans to build hardware for the budding quantum computing ecosystem, is coming out of stealth today and launching Icebox. It’s not the benches around Cray’s early supercomputers but it’s definitely a focus on the user experience that current quantum computer cooling systems lack.

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A VC’s perspective on deep tech fundraising in Q1 2023

TechCrunch

For instance, even though quantum computing suddenly became popular in the public markets as D-Wave, Rigetti and IonQ listed in the last year, private investment declined significantly — the sector received just over $600 million in venture capital in 2022, down from $800 million in 2021, according to Crunchbase.