About Rigetti Computing
Rigetti Computing is a company based in Berkeley (United States) founded in 2013.. Rigetti Computing has raised $195.62 million across 12 funding rounds from investors including Gov.uk, Bessemer Venture Partners and Franklin Templeton. The company has 140 employees as of December 31, 2024. Rigetti Computing has completed 1 acquisition, including QxBranch. Rigetti Computing offers products and services including QPU and Quantum Cloud Services. Rigetti Computing operates in a competitive market with competitors including Quantum Circuits Limited, D-Wave, Oxford Ionics, Quantum Circuits and Quantum Motion, among others.
- Headquarter Berkeley, United States
- Employees 140 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Rigetti Computing, Inc.
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Annual Revenue
$10.79 M-10.14as on Dec 31, 2024
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Net Profit
$-200.99 M-167.6as on Dec 31, 2024
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EBITDA
$-61.6 M0.95as on Dec 31, 2024
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Total Equity Funding
$195.62 M (USD)
in 12 rounds
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Latest Funding Round
$35 M (USD), Post-IPO
Apr 30, 2025
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Investors
Gov.uk
& 29 more
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Employee Count
140
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Rigetti Computing
Rigetti Computing is a publicly listed company on the NASDAQ with ticker symbol RGTI in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Rigetti Computing
Rigetti Computing offers a comprehensive portfolio of products and services, including QPU and Quantum Cloud Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Superconducting quantum processing unit for advanced computations.
Platform for accessing quantum computing via cloud environments.
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Funding Insights of Rigetti Computing
Rigetti Computing has successfully raised a total of $195.62M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $35 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $35.0M
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First Round
First Round
(01 Apr 2014)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Post-IPO - Rigetti Computing | Valuation |
investors |
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| Feb, 2024 | Amount | Grant - Rigetti Computing | Valuation |
investors |
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| Jun, 2022 | Amount | Grant - Rigetti Computing | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rigetti Computing
Rigetti Computing has secured backing from 30 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Gov.uk, Bessemer Venture Partners and Franklin Templeton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage technology investments are managed by Morpheus Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rigetti Computing
Rigetti Computing has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include QxBranch. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Quantum computing and data analytics solutions are offered by QxBranch.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rigetti Computing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rigetti Computing Comparisons
Competitors of Rigetti Computing
Rigetti Computing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantum Circuits Limited, D-Wave, Oxford Ionics, Quantum Circuits and Quantum Motion, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Quantum computers using superconducting qubits are developed.
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| domain | founded_year | HQ Location |
Integrated universal quantum computers and software are developed.
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| domain | founded_year | HQ Location |
Quantum computers are provided using superconducting qubits and trapped ions.
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| domain | founded_year | HQ Location |
Superconducting quantum circuits are developed for modular quantum computers.
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| domain | founded_year | HQ Location |
A scalable universal quantum computer on silicon chips is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rigetti Computing
Frequently Asked Questions about Rigetti Computing
When was Rigetti Computing founded?
Rigetti Computing was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Rigetti Computing located?
Rigetti Computing is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Is Rigetti Computing a funded company?
Rigetti Computing is a funded company, having raised a total of $195.62M across 12 funding rounds to date.
How many employees does Rigetti Computing have?
As of Dec 31, 2024, the latest employee count at Rigetti Computing is 140.
What is the annual revenue of Rigetti Computing?
Annual revenue of Rigetti Computing is $10.79M as on Dec 31, 2024.
What does Rigetti Computing do?
Rigetti Computing was founded in 2013 in Berkeley, United States, focusing on the quantum computing sector. Quantum chips based on superconducting qubits are designed and fabricated, then integrated with control architectures. Software tools are provided for algorithm development by programmers. Operations include a cloud-based computing platform and a fabrication facility for 3D-integrated quantum circuits, supporting AI-enhanced quantum applications.
Who are the top competitors of Rigetti Computing?
Rigetti Computing's top competitors include D-Wave, Oxford Ionics and Quantum Motion.
What products or services does Rigetti Computing offer?
Rigetti Computing offers QPU and Quantum Cloud Services.
Is Rigetti Computing publicly traded?
Yes, Rigetti Computing is publicly traded on NASDAQ under the ticker symbol RGTI.
How many acquisitions has Rigetti Computing made?
Rigetti Computing has made 1 acquisition, including QxBranch.
Who are Rigetti Computing's investors?
Rigetti Computing has 30 investors. Key investors include Gov.uk, Bessemer Venture Partners, Franklin Templeton, Northgate Capital, and DARPA.
What is Rigetti Computing's ticker symbol?
The ticker symbol of Rigetti Computing is RGTI on NASDAQ.
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