Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

Rigetti Computing, Inc.

Rigetti Computing is building the world’s most powerful computers to help solve humanity’s most pressing and important problems. These systems will perform computations that today’s fastest supercomputers are incapable of — unlocking entirely new classes of problems and offering a direct path to solutions. We believe quantum computing is going to significantly affect health care, how we treat disease, how we generate energy, and how we feed humanity. Our superconducting quantum computing systems are available over the cloud via Rigetti Quantum Cloud Services. 

We were founded in 2013 by Chad Rigetti. We are located in Berkeley and Fremont, California, and have employees based all over the world.


Small Business Research Initiative

Bessemer Venture Partners

In-Q-Tel

Alumni Ventures

Ampere Computing

Keysight Technologies

T. Rowe Price

Franklin Templeton

Palantir Technologies

Seabed VC

Streamlined Ventures

Morpheus Ventures

DCVC

EDBI

Northgate Capital

Rigetti Computing

Today we are thrilled to introduce the Novera™ QPU, the first commercially available QPU from Rigetti. Based on our fourth generation Ankaa™-class architecture, the Novera QPU features tunable couplers and a square lattice for denser connectivity and fast 2-qubit operations. The Novera QPU is manufactured in Rigetti’s Fab-1 and includes all of the hardware below the mixing chamber plate of a dilution refrigerator. Advance your quantum research with hands-on access to the same technology we use in our most powerful QPUs. The Novera QPU is now available to order at rigetti.com/novera.

Learn more about the Novera QPU in our press release: https://lnkd.in/dAKii9Tw

We are thrilled to announce that alongside Amazon Web Services (AWS), Imperial College London, and Standard Chartered, we were awarded an Innovate UK grant to develop quantum machine learning techniques designed to enable financial institutions to more effectively process, interpret, and make decisions with complex data streams. 

Financial institutions need to continuously interpret complex data streams to extract information necessary for providing many services, including accurate credit risk evaluation and predicting emissions in the context of green finance. Classical machine learning techniques used to assist and provide insights to these services have limitations as these data streams are, in general, complex. Combining quantum computing with classical machine learning methodology could offer more powerful resources for processing these data streams, given the potential for quantum computers to process some types of information more efficiently than with classical resources alone. 

🚀 Rigetti’s 84-qubit Ankaa™-2 system is now available to all Microsoft Azure Quantum users to develop and run quantum applications! The Ankaa-2 system is based on our fourth generation chip architecture that features tunable couplers and a square lattice, enabling high fidelity 2-qubit operations. Get started today: https://lnkd.in/gg2PUZ5E

⚛ The Ankaa-2 system is Rigetti’s highest qubit count QPU available to the public and has achieved a 98% median 2-qubit fidelity, a 2.5x performance improvement compared to Rigetti’s previous QPUs: https://lnkd.in/gXKkeDpv 

Our 84-qubit Ankaa™-2 system is now commercially available to all of our customers via Rigetti Quantum Cloud Services (QCS™). We are also excited to announce that the Ankaa-2 system has achieved a 98% median 2-qubit fidelity, a 2.5x improvement compared to our previous QPUs. 

The public launch of the Ankaa-2 system follows the release of the Novera™ QPU, our first commercially available QPU, which is based on the same Ankaa-class architecture and designed for hands-on access to state-of-the-art quantum hardware for foundational quantum computing R&D. 

	Jan '20	Jan '21	Dec '21	Dec '22	Dec '23
net income	-53.82M -	-26.13M 51.45%	-38.24M 46.36%	-71.52M 87.03%	-75.11M 5.01%
depreciation and amortization	3.94M -	4.30M 9.07%	4.65M 8.18%	7.02M 50.87%	9.11M 29.80%
deferred income tax			-12.68M -		-2.10M -
stock based compensation	2.78M -	2.59M 6.78%	1.93M 25.72%	44.81M 2,227.35%	12.41M 72.31%
change in working capital	4.63M -	-1.92M 141.40%	158K 108.24%	-2.33M 1,572.78%	-495K 78.73%
accounts receivables	2.23M -	-2.29M 202.40%	-1.06M 53.49%	-4.69M 341.39%	1.21M 125.70%
inventory		2.00M -
accounts payables		-2.00M -	-389K 80.50%	-707K 81.75%	895K 226.59%
other working capital	2.40M -	367.90K 84.67%	1.61M 337.62%	3.07M 90.81%	-2.60M 184.51%
other non cash items	5.57M -	-8.91M 259.93%	14.89M 267.11%	-40.67M 373.04%	5.61M 113.79%
net cash provided by operating activities	-36.89M -	-30.07M 18.49%	-29.29M 2.58%	-62.69M 114.02%	-50.58M 19.32%
investments in property plant and equipment	-3.09M -	-4.40M 42.23%	-7.01M 59.26%	-22.74M 224.44%	-9.06M 60.16%
acquisitions net	149.48K -
purchases of investments				-84.29M -	-109.25M 29.62%
sales maturities of investments					119.08M -
other investing activites
net cash used for investing activites	-2.94M -	-4.40M 49.45%	-7.01M 59.26%	-107.02M 1,427.17%	773K 100.72%
debt repayment	-2.84M -		-27M -	-1.29M 95.22%	-8.33M 545.47%
common stock issued		54.02M -	378K 99.30%	6.07M 1,505.29%	1.13M 81.44%
common stock repurchased
dividends paid
other financing activites	21.58M -	2.27M 89.50%	-1.55M 168.30%	210.68M 13,709.63%	20.44M 90.30%
net cash used provided by financing activities	18.74M -	56.29M 200.36%	25.83M 54.11%	215.45M 734.12%	13.23M 93.86%
effect of forex changes on cash	-15.31K -	72.14K 571.14%	-5.46K 107.56%	101K 1,951.51%	80K 20.79%
net change in cash	-21.11M -	21.89M 203.72%	11.10M 49.29%	45.84M 312.87%	-36.50M 179.61%
cash at beginning of period	21.73M -	625.84K 97.12%	625.84K 0%	12.05M 1,824.77%	57.89M 380.56%
cash at end of period	625.84K -	22.52M 3,498.28%	11.73M 47.92%	57.89M 393.55%	21.39M 63.05%
operating cash flow	-36.89M -	-30.07M 18.49%	-29.29M 2.58%	-62.69M 114.02%	-50.58M 19.32%
capital expenditure	-3.09M -	-4.40M 42.23%	-7.01M 59.26%	-22.74M 224.44%	-9.06M 60.16%
free cash flow	-39.98M -	-34.47M 13.79%	-36.30M 5.31%	-85.43M 135.34%	-59.64M 30.19%

COM:RIGETTI

Rigetti Computing, Inc.

Last Close

1.48

22/11 21:00

Market Cap

185.67M

Beta: -

Volume Today

93.67M

Avg: -

Preview