Add-on Acquisition • Software

Rigetti Computing Acquires QxBranch

On July 11, 2019, Rigetti Computing acquired software company QxBranch

Acquisition Context

This is Rigetti Computing’s 1st transaction in the Software sector.
This is Rigetti Computing’s 1st transaction in the United States.
This is Rigetti Computing’s 1st transaction in District of Columbia.

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M&A Deal Summary
Date	July 11, 2019
Target	QxBranch
Sector	Software
Buyer(s)	Rigetti Computing
Deal Type	Add-on Acquisition

Target Company

QxBranch

Washington, District of Columbia, United States

QxBranch, Inc. develops algorithms and software for quantum and classical computers, focused on predictive analytics, forecasting, and optimization. QxBranch was founded in 2014 and is based in Washington, District of Columbia.

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Buyer Overview 1

Buyer

Rigetti Computing

Berkeley, California, United States

Category	Company
Founded	2013
Sector	Internet Software and Services
Employees	137
Revenue	11M USD (2024)

DESCRIPTION

Rigetti Computing is a pioneer in full-stack quantum computing. The company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. Rigetti Computing was founded in 2013 and is based in Berkeley, California.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: District of Columbia	1 of 1
Country: United States	1 of 1
Year: 2019	1 of 1

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