What is Rigetti Computing?
Rigetti Computing, Inc., established in 2013 and based in Berkeley, California, is a comprehensive quantum computing firm. The company specializes in the design and fabrication of superconducting quantum integrated circuits, their integration with control architecture, and the development of software that empowers programmers to construct and execute quantum algorithms. Rigetti provides access to its quantum processing units and computing systems through its Quantum Cloud Services platform, offering quantum computing as a service to a diverse clientele including commercial enterprises, government entities, defense and national laboratories, and academic institutions. Beyond its core hardware and cloud services, Rigetti offers a quantum operating system, professional services for algorithm development and benchmarking, and foundry services aimed at advancing quantum information science research. The company's strategic positioning in the market is further solidified by its public trading on the NASDAQ under the ticker symbol RGTI.
How much funding has Rigetti Computing raised?
Rigetti Computing has raised a total of $601.5M across 7 funding rounds:
Angel/Seed
$2.5M
Series A
$24M
Series B
$40M
Series C
$79M
Unspecified
$71M
Other Financing Round
$35M
Stock/Share Issuance
$350M
Angel/Seed (2014): $2.5M with participation from Morado Ventures, AME Cloud Ventures, and Susa Ventures
Series A (2016): $24M led by Andreessen Horowitz
Series B (2017): $40M supported by Y Combinator, Andreessen Horowitz, Data Collective, Morado Ventures, Western Technology Investment, Vy Capital, and AME Cloud Ventures
Series C (2020): $79M featuring Franklin Templeton Investments, Bessemer Venture Partners, DCVC Management Co LLC, Northgate Capital, EDBI, Morpheus Venture Partners, and Alumni Ventures
Unspecified (2022): $71M, investors not publicly disclosed
Other Financing Round (2025): $35M with participation from Quanta Computer
Stock/Share Issuance (2025): $350M, investors not publicly disclosed
Key Investors in Rigetti Computing
Quanta Computer
Quanta Computer Inc. is a technology engineering and manufacturing company providing quality design and manufacturing services to brands worldwide for technology products. Besides notebook computers, Quanta has extended its businesses into enterprise network systems, home entertainment, mobile communication, automotive electronics and digital home markets. Quanta runs operation centers across Asia, America, and Europe to manufacture, configure, and service products as well as to provide logistic support to deliver competitive products and services globally.
Morado Ventures
Morado Ventures is a tech-forward seed fund that invests in exceptional founders developing transformative companies. The firm focuses on early-stage, data-driven companies addressing complex technological challenges across various sectors, including AI, industrial IoT, robotics, and health tech. Morado Ventures collaborates closely with entrepreneurs to create and implement strategies that can revolutionize industries. Their mission is to support passionate innovators who are poised to disrupt traditional markets with innovative software and hardware solutions.
Andreessen Horowitz
Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation.
What's next for Rigetti Computing?
The substantial capital infusion Rigetti Computing has received, particularly the major enterprise-level funding and strategic investment, signals a critical phase of scaling and innovation. This financing is expected to accelerate the company's research and development efforts, enhance its cloud-based quantum computing services, and potentially expand its market reach into new enterprise and research sectors. The company's focus on full-stack quantum computing, from chip design to cloud access, positions it to capitalize on the increasing demand for quantum solutions across various industries. Future developments will likely involve further advancements in qubit stability and coherence, expansion of its software ecosystem, and strategic partnerships to drive adoption of quantum computing for complex problem-solving.
See full Rigetti Computing company page
