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Rigetti Teaming Up With HPE, Pittsburgh Supercomputing Center to Build Supercomputer

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Rigetti Computing (RGTI) said Monday it will team up with Hewlett Packard Enterprise (HPE) and Pittsburgh Supercomputing Center to build the TangleLab supercomputing testbed.

The project is being funded by a $5 million grant from the National Science Foundation and will have a supercomputer with Rigetti's Novera quantum computing system combined with a classical high-performance computing system, the company said.

Construction of TangleLab is expected to start on Sept. 1 and full operations are expected next year, Rigetti said.

Rigetti shares were up 12% in morning trading.

Price: $15.83, Change: $+1.68, Percent Change: +11.90%

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