
Washington, D.C.-based QxBranch has been acquired by Berkeley, Calif.-based quantum startup Rigetti Computing for an undisclosed amount in an all-equity transaction.
Launched in 2014, QxBranch is a quantum computing and data analytics software startup. With this acquisition, QxBranch will expand Rigetti’s full-stack capabilities and its ability to deliver quantum algorithms, solutions, and services, a press release states.
“We believe we have the leading hardware platform, and QxBranch is the leader at the application layer. Together we can shorten the timeline to quantum advantage and open up new opportunities for our customers,” Chad Rigetti, founder and CEO of Rigetti, said in a statement.
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