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
average inventory			2.28M -	3.77M 65.10%	1.49M 60.57%
average payables		2.11M -	1.54M 26.88%	1.95M 26.96%	3.85M 97.24%
average receivables		334.17K -	1.01M 202.52%	3.89M 284.66%	5.63M 44.83%
book value per share	-1.13 -	-0.31 72.41%	-3.26 947.30%	1.47 145.05%	0.83 43.45%
capex per share	-0.03 -	-0.04 42.23%	-0.32 726.02%	-0.22 30.41%	-0.07 69.12%
capex to depreciation	-0.78 -	-1.02 30.41%	-1.51 47.20%	-3.24 115.06%	-0.99 69.30%
capex to operating cash flow	0.08 -	0.15 74.50%	0.24 64.87%	0.36 50.32%	0.18 50.62%
capex to revenue	-4.21 -	-0.79 81.13%	-0.85 7.69%	-1.74 102.97%	-0.75 56.53%
cash per share	0.00 -	0.20 7,092.06%	0.53 174.00%	1.40 161.17%	0.76 45.76%
days of inventory on hand			1.03K -	377.45 63.22%
days payables outstanding	3.93K -	271.11 93.10%	443.17 63.46%	246.21 44.44%	176.92 28.14%
days sales outstanding	93.78 -	31.57 66.34%	68.69 117.60%	173.70 152.86%	152.86 11.99%
debt to assets	0.98 -		0.53 -	0.19 63.97%	0.15 21.12%
debt to equity	-0.21 -		-0.35 -	0.26 175.18%	0.22 15.01%
dividend yield
earnings yield	-0.05 -	-0.02 68.64%	-0.16 937.66%	-0.49 208.67%	-0.58 18.14%
enterprise value	1.15B -	1.10B 4.23%	238.85M 78.38%	55.85M 76.62%	139.16M 149.16%
enterprise value over ebitda	-26.59 -	-27.82 4.63%	-6.62 76.19%	-0.59 91.05%	-2.24 277.58%
ev to operating cash flow	-31.26 -	-36.73 17.50%	-8.22 77.61%	-0.89 89.17%	-2.75 208.81%
ev to sales	1.57K -	199.28 87.29%	29.14 85.38%	4.26 85.37%	11.59 171.86%
free cash flow per share	-0.35 -	-0.30 13.79%	-1.64 442.51%	-0.84 49.18%	-0.45 45.89%
free cash flow yield	-0.04 -	-0.03 13.79%	-0.16 421.95%	-1.15 617.19%	-0.46 59.93%
graham net net	-1.37 -	-0.55 59.76%	-4.68 752.41%	0.94 119.98%	0.40 56.79%
graham number	3.50 -	1.03 70.59%	10.94 962.80%	3.43 68.61%	3.26 5.01%
income quality	0.69 -	1.15 67.89%	0.76 34.00%	0.88 15.41%	0.67 23.17%
intangibles to total assets	0.20 -	0.11 44.68%	0.12 7.01%	0 100%	0
interest coverage		679.20 -	16.51 97.57%	-19.62 218.81%	-12.34 37.11%
interest debt per share	0.24 -	-0.00 100.19%	1.02 224,234.87%	0.43 57.32%	0.23 47.58%
inventory turnover			0.36 -	0.97 171.86%
invested capital	-0.21 -		-0.35 -	0.26 175.18%	0.22 15.01%
market cap	1.13B -	1.13B 0%	225.78M 79.96%	74.60M 66.96%	129.98M 74.25%
net current asset value	-154.27M -	-61.39M 60.21%	-99.88M 62.71%	101.25M 201.37%	57.34M 43.37%
net debt to ebitda	-0.61 -	0.56 191.24%	-0.36 164.79%	0.20 154.90%	-0.15 174.15%
net income per share	-0.48 -	-0.15 68.64%	-1.63 978.54%	-0.36 78.13%	-0.57 59.56%
operating cash flow per share	-0.32 -	-0.26 18.49%	-1.32 401.02%	-0.61 53.70%	-0.38 37.46%
payables turnover	0.09 -	1.35 1,349.72%	0.82 38.82%	1.48 79.99%	2.06 39.17%
receivables turnover	3.89 -	11.56 197.08%	5.31 54.04%	2.10 60.45%	2.39 13.63%
research and ddevelopement to revenue	40.04 -	4.35 89.14%	3.29 24.44%	4.58 39.28%	3.64 20.54%
return on tangible assets	-2.48 -	-0.39 84.35%	-0.87 124.43%	-0.18 79.42%	-0.47 161.89%
revenue per share	0.01 -	0.05 653.60%	0.37 667.03%	0.13 65.71%	0.09 28.96%
roe	0.43 -	0.49 13.67%	0.50 2.98%	-0.24 148.56%	-0.69 182.18%
roic	0.48 -	0.65 36.16%	0.81 24.91%	-0.27 132.53%	-0.51 91.92%
sales general and administrative to revenue	21.97 -	2.37 89.20%	1.38 41.93%	3.64 163.72%
shareholders equity per share	-1.13 -	-0.31 72.41%	-3.26 947.30%	1.47 145.05%	0.83 43.45%
stock based compensation to revenue	3.78 -	0.47 87.63%	0.22 53.94%	3.42 1,487.96%	1.03 69.79%
tangible asset value	-133.79M -	-40.80M 69.50%	-76.91M 88.48%	150.22M 295.33%	109.59M 27.05%
tangible book value per share	-1.18 -	-0.36 69.50%	-3.50 877.63%	1.47 141.90%	0.83 43.45%
working capital	-33.18M -	20.51M 161.83%	9.79M 52.29%	132.72M 1,255.88%	78.61M 40.76%

COM:RIGETTI

Rigetti Computing, Inc.

Last Close

1.48

22/11 21:00

Market Cap

185.67M

Beta: -

Volume Today

93.67M

Avg: -

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