The Bloomberg Beta-backed quantum chipmaker is joining forces with the publicly listed Supernova Partners Acquisition Company II.

Rigetti, a US-based quantum computing technology developer that counts media group Bloomberg as an investor, agreed a reverse merger with special purpose acquisition company Supernova Partners Acquisition Company II yesterday.

The deal gives Rigetti a pro forma valuation of approximately $1.5bn and the merged business, Rigetti Computing, will get the New York Stock Exchange listing taken by Supernova in a $300m initial public offering in March this year.

Measurement equipment producer Keysight, data analytics provider Palantir and fabless chipmaker…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.