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Top related persons:
Chad Rigetti - 1 Rigetti - 1 Y Combinator - 1 Andreessen Horowitz - 1 QDNL - 1 Jaspreet Singh - 1 Jane Lanhee Lee - 1 Krishna Chandra - 1
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Rigetti Computing - 1 Nasdaq - 1 Delta - 1 IBM - 1 Microsoft - 1 Thomson - 1

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☆ Rigetti Computing founder joins quantum computing-focused venture fund
  + stars: | 2023-06-07 | by ( ) www.reuters.com   time to read: +1 min
June 7 (Reuters) - Chad Rigetti, the founder of Rigetti Computing (RGTI.O), joined quantum technology-focused fund QDNL Participations as a partner, the venture capital firm said on Wednesday. Rigetti Computing started trading on Nasdaq in March 2022 after a merger with a blank-check company. Rigetti left the quantum computing firm backed by Y Combinator and Andreessen Horowitz late last year. Backed by Europe-based Quantum Delta NL foundation, QDNL Participations is a 15 million euro ($16.02 million) fund for early-stage Dutch quantum technology start-ups. Still, it is uncertain when these machines would be ready despite billions being poured into the technology, with big tech companies such as Alphabet (GOOGL.O), IBM (IBM.N) and Microsoft (MSFT.O) betting on this future computing technology.
Persons: Chad Rigetti, Rigetti, Y Combinator, Andreessen Horowitz, QDNL, Jaspreet Singh, Jane Lanhee Lee, Krishna Chandra Organizations: Rigetti Computing, Nasdaq, Delta, IBM, Microsoft, Thomson Locations: Europe, Bengaluru
☆ Chip startup QuantWare wants to become the Intel of quantum computing. Check out the redacted 9-slide pitch deck it used to raise $6.3 million.
  + stars: | 2023-03-09 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
Dutch startup QuantWare has just raised 6 million euros (around $6.3 million). A Dutch startup that wants to become the "Intel of quantum computing" just raised 6 million euros (around $6.3 million) in fresh funds. Quantum computers use quantum physics to store data, run calculations, and essentially solve problems. By focusing on one element – the processing chip – QuantWare sees itself becoming the go-to provider for quantum computers, as Intel was for classical computers. Quantum computers store information in "qubits," which can be stored in two states at the same time: 0 and 1.
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