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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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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