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
revenue	735.48K -	5.54M 653.60%	8.20M 47.88%	13.10M 59.85%	12.01M 8.35%
cost of revenue	288.16K -	1.49M 417.63%	1.62M 8.83%	2.87M 76.98%	11.91M 314.48%
gross profit	447.32K -	4.05M 805.61%	6.57M 62.26%	10.23M 55.62%	100K 99.02%
selling and marketing expenses	2.54M -	1.89M 25.81%	2.47M 31.26%	6.35M 156.49%
general and administrative expenses	16.16M -	13.16M 18.59%	11.30M 14.13%	47.63M 321.56%
selling general and administrative expenses	18.70M -	15.04M 19.57%	13.77M 8.44%	53.98M 291.90%	27.74M 48.60%
research and development expenses	29.45M -	24.10M 18.16%	26.93M 11.74%	59.95M 122.64%	43.66M 27.18%
other expenses	-5.06M -	42.13K 100.83%		2.50M -
cost and expenses	48.44M -	40.63M 16.11%	42.32M 4.16%	116.81M 175.97%	83.31M 28.67%
operating expenses	48.15M -	39.14M 18.71%	40.70M 3.98%	113.93M 179.92%	71.40M 37.33%
interest expense		-51.67K -	-2.47M 4,671.29%	5.29M 314.43%	5.78M 9.33%
ebitda	-43.38M -	-39.71M 8.46%	-36.06M 9.19%	-94.25M 161.41%	-62.20M 34.01%
operating income	-47.70M -	-35.09M 26.44%	-40.71M 16.00%	-103.70M 154.76%	-71.30M 31.24%
depreciation and amortization	4.32M -	-4.61M 206.71%	4.65M 200.80%	9.45M 103.18%	9.11M 3.62%
total other income expenses net	-6.11M -	8.96M 246.61%	2.47M 72.50%	32.18M 1,205.49%	-3.80M 111.82%
income before tax	-53.82M -	-26.13M 51.45%	-38.24M 46.36%	-71.52M 87.02%	-75.11M 5.01%
income tax expense	1.05M -	-8.92M 947.10%	-2.47M 72.37%	-35.03M 1,321.22%
net income	-54.87M -	-17.21M 68.64%	-35.78M 107.94%	-36.49M 1.98%	-75.11M 105.85%
weighted average shs out	113.81M -	113.81M 0%	21.94M 80.72%	102.30M 366.23%	131.98M 29.01%
weighted average shs out dil	113.81M -	113.81M 0%	21.94M 80.72%	102.30M 366.23%	131.98M 29.01%
eps	-0.48 -	-0.15 68.75%	-1.63 986.67%	-0.36 77.91%	-0.57 58.33%
epsdiluted	-0.48 -	-0.15 68.75%	-1.63 986.67%	-0.36 77.91%	-0.57 58.33%

COM:RIGETTI

Rigetti Computing, Inc.

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21/11 19:40

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