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Rigetti Computing Raises $64 Million for Quantum Computing

posted by on Monday April 03 2017, @05:27PM   
from the never-heard-of-him dept.

takyon writes:

Rigetti Computing, a leading quantum computing start-up, announced it has raised $64 million in Series A and B funding.

[...] The latest round brings the total amount of venture funding raised by Rigetti to $69.2 million.

"Quantum computing will enable people to tackle a whole new set of problems that were previously unsolvable," said Chad Rigetti, founder and chief executive officer of Rigetti Computing. "This is the next generation of advanced computing technology. The potential to make a positive impact on humanity is enormous."

"We will use the funding to expand our business and engineering teams and continue to invest in infrastructure to manufacture and deploy our quantum integrated circuits," Rigetti added.

Source: http://www.nextbigfuture.com/2017/03/quantum-computer-startup-rigetti.html

Previously mentioned here: https://soylentnews.org/article.pl?sid=16/02/10/181240

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Original Submission

• Re:What good is this? (Score: 2, Insightful) by Anonymous Coward on Tuesday April 04 2017, @09:49AM

  by Anonymous Coward on Tuesday April 04 2017, @09:49AM (#488585)

  Wrong.

  There are classes of hard problem for which we currently do physical modeling. Being able to model this with traditional computers is not possible efficiently. A commonly cited example in this category is protein folding. Imagine if all those folding@home cycles, all that electricity which took human sweat and direction and life, not to mention the environmental impact, could have been saved?

  If you understand big-O notation, you should also understand that categorically improving efficiency, when the problems are very close to computationally intractable, is a Big Deal.

  Parent

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