BERKELEY, Calif., June 27, 2017 /PRNewswire/ -- Rigetti Computing, an emerging quantum computing company racing Google and IBM to deliver the first useful quantum computers, has been named to MIT Technology Review's 2017 list of 50 Smartest Companies.
To make the list, a company must exhibit technological leadership and business acumen which set them apart from competitors.
Last week, Rigetti Computing launched Forest, the first programming and execution environment for quantum/classical computing. Forest, based on a shared memory architecture, enables users to develop and run quantum algorithms today. The company is focused on partnerships with Fortune 50 companies and other industry leaders.
Rigetti Computing is a full-stack quantum computing company, and Forest is a full-stack product. In addition to building software, the company designs and manufactures quantum chips in its recently unveiled Fab-1, the world's first commercial quantum integrated circuit fab.
Earlier this year, Rigetti Computing announced $64 million in Series A and Series B financing from Andreessen Horowitz, Vy Capital, and other leading Silicon Valley investors.
Chad Rigetti, founder and chief executive, said, "The next great technology company will be a quantum computing company. This is an incredible honor for the diverse and interdisciplinary team of scientists and engineers at Rigetti Computing."
Nanette Byrnes, senior editor for business at MIT Tech Review, said, "Public and private, large and small, based in countries around the globe, this group of companies is creating new opportunities and pouncing on them. These are the ones that competitors must follow."
About Rigetti Computing
Rigetti Computing is a full-stack quantum computing company. The company designs and manufactures quantum chips and builds software to integrate its systems with cloud infrastructure. Rigetti's Forest is the world's first full-stack programming and execution environment for quantum/classical computing. Currently in public beta, Forest can be used to develop and run quantum algorithms over the cloud. The company was founded in 2013 and is based in Berkeley, Calif. and Fremont, Calif.
About MIT Technology Review
Founded at the Massachusetts Institute of Technology in 1899, MIT Technology Review is a digitally oriented independent media company whose analysis, features, reviews, interviews, and live events explain the commercial, social, and political impact of new technologies. MIT Technology Review readers are curious technology enthusiasts—a global audience of business and thought leaders, innovators and early adopters, entrepreneurs and investors. Every day, we provide an authoritative filter for the flood of information about technology. We are the first to report on a broad range of new technologies, informing our audiences about how important breakthroughs will impact their careers and their lives. Subscribe. Follow us: Twitter, Facebook, LinkedIn, Google+, Instagram.
David W.M. Sweeney, MIT TechReview, 617-475-8018
Calisa Cole, Rigetti Computing, email@example.com
SOURCE Rigetti Computing