What is Rigetti?
Founded in 2013 and headquartered in Berkeley, California, Rigetti Computing is a full-stack quantum computing company that designs and fabricates superconducting quantum integrated circuits. The company integrates these circuits with proprietary controlling architecture and develops software that enables programmers to build and execute complex quantum algorithms. By offering quantum processing units and quantum computing systems through its Quantum Cloud Services platform, Rigetti provides quantum-as-a-service to a broad spectrum of clients, including commercial enterprises, government organizations, and academic institutions. The company is publicly traded on the NASDAQ under the ticker symbol RGTI, positioning it as a key player in the global race to achieve quantum advantage.
How much funding has Rigetti raised?
Rigetti has raised a total of $701.5M across 8 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
Corporate Investment
$100M
Angel/Seed (2014): $2.5M with participation from Susa Ventures, Morado Ventures, and AME Cloud Ventures
Series A (2016): $24M led by Andreessen Horowitz
Series B (2017): $40M supported by AME Cloud Ventures, Y Combinator, Vy Capital, Western Technology Investment, Andreessen Horowitz, Data Collective, and Morado Ventures
Series C (2020): $79M featuring Bessemer Venture Partners, Franklin Templeton Investments, Northgate Capital, DCVC Management Co LLC, Morpheus Venture Partners, Alumni Ventures, and EDBI
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
Corporate Investment (2026): $100M supported by U.S. Department of Commerce
Key Investors in Rigetti
U.S. Department of Commerce
The United States Department of Commerce is the Cabinet department of the United States government concerned with promoting economic growth.
AME Cloud Ventures
AME Cloud Ventures is a venture fund led by Jerry Yang, co-founder of Yahoo!, focusing on seed to later stage companies that build infrastructure and value chains around data.
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm that backs bold entrepreneurs building the future through technology.
What's next for Rigetti?
With the recent strategic investment, Rigetti is well-positioned to deepen its technical moat and expand its commercial footprint. The company's roadmap likely focuses on increasing qubit counts, improving gate fidelity, and enhancing the accessibility of its cloud-based quantum operating system. By leveraging its foundry services and professional algorithm development capabilities, Rigetti aims to transition from experimental research to widespread industrial adoption. The strategic alignment with major corporate and government partners suggests a focus on high-impact use cases, such as materials science, cryptography, and complex optimization, which are expected to drive the next phase of the company's growth and market penetration.
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