- Business
- Rigetti Computing, Inc. (Nasdaq: RGTI) develops full-stack quantum-classical computing systems, including superconducting quantum processors, quantum processing units, and integrated cloud-based platforms for enterprise, government, and research clients. The company offers core products and services such as its Quantum Cloud Services (QCS) platform for cloud access to quantum processors; Novera 9-qubit QPUs and multi-chip scalable processors fabricated in-house at Fab-1 in Fremont, California; Quil and pyQuil software tools for quantum algorithm development; professional services including algorithm design, benchmarking, quantum application programming, and software development; and hybrid quantum-classical infrastructure integrating with public and private clouds for applications in optimization, machine learning, simulation, finance, pharmaceuticals, defense, and energy. Rigetti Computing, founded in 2013 and headquartered in Berkeley, California, with manufacturing in Fremont, California and offices in Australia and the UK, operates primarily in the United States while serving global customers. In recent developments, the company entered a strategic collaboration with Quanta Computer Inc. in February 2025, committing over $200 million combined investment over five years and a $35 million share purchase by Quanta to accelerate superconducting quantum system commercialization; completed a $350 million at-the-market equity offering in June 2025, boosting cash reserves to approximately $575 million for hardware scale-up and potential partnerships; and announced support for NVIDIA's NVQLink platform in 2025 to integrate AI supercomputing with quantum computers.