Rigetti Computing
About Rigetti Computing
Rigetti Computing
In 2024-2025, Rigetti Computing completed a $350 million at-the-market equity offering during Q2 2025, bolstering the company’s cash position to approximately $575 million with no debt. In December 2024, Rigetti launched its 84-qubit Ankaa-3 quantum processor, achieving record-high fidelity with a 99.0% median iSWAP gate fidelity and 99.5% median fSim gate fidelity. In 2025, Rigetti unveiled Cepheus-1-36Q, a 36-qubit multi-chip quantum computer now generally available, demonstrating a two-fold reduction in two-qubit gate error rate compared to the preceding Ankaa-3 system, achieving a median two-qubit gate fidelity of 99%. The company anticipates releasing a 100+ qubit system, also chiplet-based, with a target median two-qubit gate fidelity of 99.5% before the end of 2025. In collaboration with Riverlane and the National Quantum Computing Centre (NQCC), Rigetti won £3.5 million from Innovate UK to enhance quantum error correction capabilities on superconducting quantum computers.
Company Information
- Founded: 2013
- Country: United States
- Website: https://rigetti.com
- Categories: hardware, quantum cloud, quantum communications, quantum consulting, quantum investment, quantum machine-learning, quantum networking, quantum optimization, quantum processors, quantum simulation, quantum software, superconducting
Investment Information
- Status: public
- Ticker: RGTI
- Total Raised: $529M
- Market Cap: $5.1B (September 2025)
- Last Valuation: $1.5B
Recent Funding Rounds
- 2021-10-07: spac - $458M - SPAC merger with Supernova Partners Acquisition Company II
- 2020-03-09: series-c - $71M - Series C funding round
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Company Information
Founded
2013
Country
United States
Website
Categories
Investment Information
Status
Public
Ticker
RGTI
Total Raised
$529M
Market Cap
$5.1B (September 2025)
2 funding rounds tracked. View detailed investment history →
Categories & Regions
Categories
Region
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