Rigetti Computing is a quantum computing startup founded in 2013 by Chad Rigetti. Based in Berkeley, California, the company’s aim is to create full-stack quantum computing technology capable of solving real-world problems that are beyond the capabilities of classical computing systems.
Rigetti was one of the first startup companies to recognize the potential of quantum computing and began working on developing its technology at a time when few other companies had taken interest in it. Over the years, it has developed a number of key technologies designed to enable quantum computing at scale.
The company’s full-stack approach means it provides both the hardware and software required for quantum computing, as well as services and tools to help customers navigate the complexities of this emerging technology. This has resulted in a range of proprietary hardware, including Aspen, an advanced cloud-based quantum computing platform, and Forest, its quantum computing software development kit.
One of Rigetti’s primary goals is to create a viable business model for quantum computing that can generate revenue, something which is still largely hypothetical at this stage. The company has embarked on several collaborations with other organizations, including with IBM, to deploy its quantum computing capabilities in real-world applications.
Quantum computing has the potential to revolutionize a range of industries, from pharmaceuticals to finance, but the technology is still in the early stages of development. Rigetti is one of a handful of companies vying to be at the forefront of this nascent industry, and its long-term aim is to be at the forefront of the transition from classical to quantum computation.
To achieve this, the company is working to develop a universal quantum computer that can handle a range of real-world problems. The company has taken an innovative approach to integrating hardware, software and algorithms, as well as machine learning, to achieve this.
One of the key benefits of quantum computing is its ability to process large volumes of data quickly and efficiently. Rigetti is working to leverage this capability to help solve complex problems in industries such as drug discovery and monitoring, financial forecasting, logistics and supply chain management, and even planetary defense.
Rigetti has raised over $119 million in funding to date, including investments from Andreessen Horowitz, Bloomberg Beta, and the Partnership on AI. The company has also received backing from the US government through grants from the National Science Foundation and the Department of Energy.
Despite being one of the pioneers of quantum computing, Rigetti faces stiff competition from other players in the market, including IBM and Google, who have made significant.