US quantum computer chip maker Rigetti has announced its intention to go public. He intends to do this through a merger with SPAC-company Supernova Partners Acquisition Company II, which is traded on the New York Stock Exchange.
As a result of the deal, the company, created in 2013, will be valued at $ 1.5 billion. Rigetti expects to receive about $ 458 million in cash, including a $ 100 million deal in the form of private equity investments. And the head of Supernova, investor Michael Clifton, will join the board of directors of Rigetti.
Over the eight years of its existence, the American company has attracted about $ 200 million from venture capitalists. In June, the developer presented its own technology, which, according to Rigetti, will be able to solve the scalability problem – one of the main problems in creating quantum computers. So far, Rigetti quantum computers are limited to 40 qubits, but the company expects to increase this figure to 1,000 qubits by 2024 and to 4,000 by 2026. The proceeds from the transaction will be used to improve the technology, Rigetti said.
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