Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing,
Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in
full-stack quantum-classical computing, and Oxford Instruments
NanoScience, a leading provider of cryogenic systems, announce that
their three-year project to build and operate one of the first
quantum computers in the UK has been successfully completed. The
consortium also included the Quantum Software Lab at the University
of Edinburgh, Phasecraft, and Standard Chartered Bank. The goals of
the Rigetti-led £10 million consortium were to accelerate the
commercialization of quantum computing in the UK (1) through the
delivery of a quantum computer in the UK, (2) by advancing
practical applications in machine learning, materials simulation,
and finance, and (3) furthering the development of the UK’s quantum
computing talent, infrastructure, and national supply chain. The
consortium was backed by funding from the UK government’s Quantum
Technologies Challenge, led by UK Research & Innovation (UKRI).
The 32-qubit Aspen™-class quantum computer was Rigetti’s first
system deployed in the UK and was made available over the cloud to
the Company’s UK partners via Rigetti’s Quantum Cloud Services
(QCS™) cloud computing platform to pursue quantum application and
algorithm development. The Quantum Software Lab worked to develop
new ways of testing quantum hardware and verifying the performance
of quantum programs, and worked with Standard Chartered Bank to
advance quantum machine learning applications for finance.
Phasecraft used its deep knowledge of quantum algorithms and
high-efficiency quantum software to harness the system for
near-term applications in materials design and simulation.
The system was hosted at Oxford Instruments’ Tubney Woods
facility using Oxford Instruments’ ProteoxLX dilution refrigerator,
and was supported by Oxford Instruments’ state-of-the-art
infrastructure and expert cryogenics support. Smooth and seamless
infrastructure was essential so that the consortium partners could
run algorithms without interruption via QCS. Backup power and
resilient cooling systems in highly controlled temperature and
humidity environments guaranteed high uptime of the quantum
system.
Further developing its UK quantum computing capabilities,
Rigetti recently announced that it won a UKRI Competition to
deliver a 24-qubit quantum computing system to the National Quantum
Computing Centre (NQCC) based on the Company’s latest Ankaa™-class
chip architecture.
Dr. Subodh Kulkarni, Rigetti CEO, said, “Completing this
project, with the end result being a useful 32-qubit quantum
computer, is an exceptional achievement for all of the project
partners. It takes a world-class team to build and deploy a quantum
computer. The UK has become a world leader in quantum computing
technologies, and we are excited to continue to contribute to its
quantum computing capabilities. Additionally, Rigetti plans to
leverage this experience to continue to develop our UK quantum
computing leadership as we embark on deploying a 24-qubit
Ankaa-class quantum computer at the NQCC’s Harwell campus.”
Matt Martin, Managing Director at Oxford Instruments
NanoScience, said, “It has been an honor to collaborate with our
longstanding partner Rigetti on this project, which brought the
company’s first UK-based quantum computer. The project was planned
from the beginning to align with national strategic initiatives and
is a fantastic step towards the commercial adoption of quantum
computing in the UK. Our team learned a huge amount from this
project, rising to every challenge. We have comfortably
demonstrated both the reliability of the ProteoxLX and the
proficiency of our service team.”
In addition to showcasing Rigetti’s ability to successfully
deploy a quantum computer in the UK, the research conducted during
this project also resulted in subsequent quantum application
development work. In January 2024, Rigetti announced that it was
awarded an Innovate UK grant as part of the Feasibility Studies in
Quantum Computing Applications competition with Standard Chartered,
Imperial College London, and Amazon Web Services (AWS).
Elena Strbac, Managing Director, Global Head of Data Science and
Innovation at Standard Chartered Bank said, “Establishing ourselves
as a quantum-ready financial institution is becoming more important
as quantum computers scale, and our problems become more complex.
An important result of this work is addressing the feasibility of
quantum machine learning methods to more effectively process,
interpret, and make decisions with complex data streams, which we
will continue to study in our new Innovate UK consortium.”
Ashley Montanaro, Phasecraft co-founder, said, “Quantum research
and algorithm development is nothing without the ability to test it
in real-life situations. Hands-on access to Rigetti’s quantum
hardware throughout this project enabled us to advance our quantum
simulation algorithm and software development for near-term
applications, which will support us in furthering our research in
areas such as new material discovery. We also gained valuable
insight into real-world use cases that will help with the adoption
of practical quantum computing across many industries, including
clean energy technologies such as batteries and solar.”
Professor Elham Kashefi, Director of the Quantum Software Lab
and Professor of Quantum Computing at the University of Edinburgh,
said, “This consortium enabled our research team to not only pursue
important quantum algorithm work to further benchmark quantum
devices using real quantum hardware, but to also grow our group and
rebrand as the Quantum Software Lab (QSL) at the University of
Edinburgh. We are already applying the techniques and protocols
developed during this project towards advancing our understanding
of the requirements of practical quantum computers.”
Roger McKinlay, Challenge Director, Quantum Technologies, in
Innovate UK said: “This project was launched with a vision of the
UK being the go-to place for those striving to turn quantum
research into quantum business. My thanks to this outstanding team
of ‘quantrepreneurs’ – led by Rigetti UK Limited – who have made
the vision a reality.”
About RigettiRigetti 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. The Company’s proprietary quantum-classical
infrastructure provides high performance integration with public
and private clouds for practical quantum computing. Rigetti has
developed the industry’s first multi-chip quantum processor for
scalable quantum computing systems. The Company designs and
manufactures its chips in-house at Fab-1, the industry’s first
dedicated and integrated quantum device manufacturing facility.
Learn more at www.rigetti.com.
About Oxford Instruments NanoScienceOxford
Instruments NanoScience designs, supplies and supports
market-leading research tools that enable quantum technologies, new
materials and device development in the physical sciences. Our
tools support research down to the atomic scale through creation of
high performance, cryogen-free low temperature and magnetic
environments, based upon our core technologies in low and ultra-low
temperatures, high magnetic fields and system integration, with
ever-increasing levels of experimental and measurement
readiness. Oxford Instruments NanoScience is a part of the
Oxford Instruments plc group.
Standard CharteredWe are a leading
international banking group, with a presence in 53 of the world’s
most dynamic markets and serving clients in a further 64. Our
purpose is to drive commerce and prosperity through our unique
diversity, and our heritage and values are expressed in our brand
promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong
stock exchanges.
For more stories and expert opinions please visit Insights at
sc.com. Follow Standard Chartered on X, LinkedIn, Instagram
and Facebook.
About PhasecraftPhasecraft is a quantum
algorithms company, whose mission is to accelerate the practical
application of quantum computing by redesigning quantum algorithms
for the imperfect quantum computers of today. Phasecraft was
founded in 2019 by Toby Cubitt, Ashley Montanaro and John Morton,
world-leading quantum scientists who have spent decades leading top
research teams at UCL and University of Bristol. Phasecraft works
in partnership with leading quantum hardware companies, including
Google, IBM and Rigetti, academic and industry leaders, to develop
high-efficiency algorithms to move quantum computing from
experimental demonstrations to useful applications. Learn more:
www.phasecraft.io
About Quantum Software Lab, School of Informatics,
University of EdinburghThe Quantum Software Lab (QSL) is a
collaboration between NQCC and the University of Edinburgh, hosted
in the School of Informatics. QSL is a world-leading research lab
with 40+ scientists developing software for quantum computers. QSL
works with end-users to investigate practical ways of using quantum
computers to solve incredibly difficult problems. Many of which
cannot be solved on today’s classical computers. The objective of
QSL is to create useful applications of quantum computers that
benefit our economy and society. QSL is part of multiple UK and
EU-wide quantum networks. QSL has strong research expertise in
algorithms, programming languages, semantics, security, and
verification. QSL hosts the recently announced EPSRC Centre for
Doctoral Training in Quantum Informatics to train 75+ new PhD
students in collaboration with University of Oxford, University
College London, University of Strathclyde, and Heriot Watt
University.
The University of Edinburgh is consistently ranked among the
best 30 universities in the world – it’s ranked 22nd in the most
recent QS World University rankings. The School of Informatics is
one of the largest of its kind and is 1st in the UK for research
breadth and quality based on Times Higher Education Computer
Science and Informatics power ranking based on REF 2021
results.
Rigetti Computing Media
Contact:press@rigetti.com
Cautionary Language Concerning Forward Looking
StatementsCertain statements in this communication may be
considered “forward-looking statements” within the meaning of the
federal securities laws, including but not limited to, expectations
with respect to the Company’s business and operations, including
its expectations with respect to commercial adoption of quantum
computing in the UK, and any future systems deployed by Rigetti in
the UK, expectations related to the Innovate UK SBRI award to
deliver a 24-qubit quantum computer to the NQCC, expectations
related to the Innovate UK grant to work with AWS, Imperial College
London and Standard Chartered, expectations related to the
continued feasibility of quantum machine learning methods to more
effectively process, interpret, and make decisions with complex
data streams, expectations related to advancing our understanding
of the requirements of practical quantum computers and expectations
related to the future business prospects for quantum computing in
the UK. Forward-looking statements generally relate to future
events and can be identified by terminology such as “commit,”
“may,” “should,” “could,” “might,” “plan,” “possible,” “intend,”
“strive,” “expect,” “intend,” “will,” “estimate,” “believe,”
“predict,” “potential,” “pursue,” “aim,” “goal,” “outlook,”
“anticipate,” “assume,” or “continue,” or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward-looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Rigetti and its
management, are inherently uncertain. Factors that may cause actual
results to differ materially from current expectations include, but
are not limited to: Rigetti’s ability to achieve milestones,
technological advancements, including with respect to its roadmap,
help unlock quantum computing, and develop practical applications;
the ability of Rigetti to complete ongoing negotiations with
government contractors successfully and in a timely manner; the
potential of quantum computing; the ability of Rigetti to obtain
government contracts and the availability of government funding;
the ability of Rigetti to expand its QCS business; the success of
Rigetti’s partnerships and collaborations; Rigetti’s ability to
accelerate its development of multiple generations of quantum
processors; the outcome of any legal proceedings that may be
instituted against Rigetti or others; the ability to continue to
meet stock exchange listing standards; costs related to operating
as a public company; changes in applicable laws or regulations; the
possibility that Rigetti may be adversely affected by other
economic, business, or competitive factors; Rigetti’s estimates of
expenses and profitability; the evolution of the markets in which
Rigetti competes; the ability of Rigetti to execute on its
technology roadmap; the ability of Rigetti to implement its
strategic initiatives, expansion plans and continue to innovate its
existing services; disruptions in banking systems, increased costs,
international trade relations, political turmoil, natural
catastrophes, warfare (such as the ongoing military conflict
between Russia and Ukraine and related sanctions and the state of
war between Israel and Hamas and related threat of a larger
regional conflict), and terrorist attacks; and other risks and
uncertainties set forth in the section entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2023 and other documents filed by the Company from time to time
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and the Company assumes no obligation
and does not intend to update or revise these forward-looking
statements other than as required by applicable law. The Company
does not give any assurance that it will achieve its
expectations.
A photo accompanying this announcement is available at
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