Rigetti Computing, which develops quantum computing chips and software, announced a $79 million Series C funding round led by Bessemer Ventures. This demonstrates that investors are still interested in long-term bets like quantum computing despite the ongoing economic uncertainty from the Covid-19 pandemic. It also shows that the large amount of employee turnover Rigetti has seen in recent...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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