Rigetti Computing, Inc.
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Subodh K. Kulkarni
- Full Time Employees
- 164
- Sector
- Electronic technology
- Industry
- Computer processing hardware
- Address
- 775 Heinz Avenue Berkeley CA United States 94710
- IPO Date
- Mar 2, 2021
- CIK
- 0001838359
- Website
- rigetti.com
- Similar Companies
- Business
- Rigetti Computing, Inc. (Nasdaq: RGTI) develops and provides full-stack quantum computing systems and services to advance commercial and scientific applications in quantum technology. The company offers quantum processing units (QPUs) including its flagship 84-qubit Ankaa-3 system and earlier models such as Aspen-series processors; hybrid quantum-classical computing infrastructure via the Rigetti Quantum Cloud Services (QCS) platform; application-specific algorithms and software development kits for optimization, machine learning, and chemistry simulations; and professional services including custom algorithm design, benchmarking, and integration support. Rigetti operates fabrication facilities for superconducting qubit manufacturing and provides access to its systems through cloud-based APIs and on-premises deployments, targeting enterprise customers, research institutions, and government agencies in industries such as pharmaceuticals, finance, materials science, and defense. Founded in 2013 and headquartered in Berkeley, California, with additional facilities in Fremont, California, and Reading, United Kingdom, Rigetti conducts global operations primarily in North America and Europe. The company went public in 2022 via a SPAC merger and maintains a focus on scaling qubit fidelity, coherence times, and system performance to achieve quantum advantage. In the past 1-2 years, Rigetti has advanced its hardware roadmap with the launch of the Ankaa-3 QPU in late 2024, featuring 84 qubits with improved connectivity and error rates; formed strategic partnerships including a collaboration with Quanta Computer for modular quantum system scaling and with Riverlane for quantum error correction integration; secured a $50 million funding commitment from the U.S. Air Force Research Lab under a quantum benchmarking program; and expanded its QCS platform with new features for distributed quantum computing and AI-hybrid workflows. These developments position Rigetti to accelerate enterprise adoption amid growing competition in the quantum computing sector.
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