Rigetti raises $79M Series C for its quantum computing platform

Rigetti raises $79M Series C for its quantum computing platform

Rigetti Computing, the quantum computing startup that is tough industry heavyweights like IBM, Microsoft and D-Wave, today revealed that it has actually closed a $79 million Series C funding round. The round was led by Bessemer Endeavor Partners, with participation from Franklin Templeton, Alumni Ventures Group, DCVC, EDBI, Morpheus Ventures and Northgate Capital. Bessemer’s Tomer Diari […] , the quantum computing start-up that is challenging market heavyweights like IBM, Microsoft and D-Wave, today revealed that it has closed a $79 million Series C financing round.”It’s tough to find an area where quantum computing will not be greatly important once quantum benefit is attained,” stated Jonathan Curtis, vice president and portfolio manager at Franklin Equity Group. While quantum computing has long held a lot of promise, it’s in fact starting to make real strides in the last few years, with numerous companies developing working systems that aren’t quite powerful enough for a lot of real-world usage cases yet, but that reveal a lot of guarantee. …