Rigetti Computing, Inc.

Rigetti Computing, Inc. is an American company specializing in full-stack quantum computing, dedicated to building powerful computers to address significant global challenges. The company designs, constructs, and operates quantum computers, including the superconducting quantum processors that are central to their technology. Headquartered in Berkeley, California, Rigetti also maintains facilities in Fremont, California, London, UK, and Adelaide, Australia.

Rigetti delivers its quantum computing capabilities through its Quantum Cloud Services (QCS) platform, which facilitates integration with public, private, or hybrid cloud environments. The company develops superconducting quantum integrated circuits and provides the Forest cloud platform for quantum algorithm development. Its product offerings include quantum processing units (QPUs) such as the Novera 9-qubit chip and the Cepheus-1-108Q system. Rigetti serves a diverse clientele, including commercial enterprises, government organizations, academic institutions, defense laboratories, and national laboratories. A distinguishing feature of Rigetti's operations is its in-house manufacturing facility, Fab-1, dedicated to quantum device fabrication.

Rigetti Computing became a publicly traded company in March 2022 through a SPAC merger. Dr. Subodh Kulkarni has led the company as President and CEO since December 2022. Recent strategic developments include securing an $8.4 million purchase order from India's Centre for Development of Advanced Computing (C-DAC) for a 108-qubit quantum computer and committing to a $100 million investment in the UK to deploy a quantum system with over 1,000 qubits. The company continues to prioritize advancements in qubit fidelity and the scalability of its modular architecture.

Latest updates

Rigetti Execs to Present at Needham Tech Conference Amid Quantum Scaling Push

Event summary

  • Rigetti CEO Dr. Subodh Kulkarni and CFO Jeff Bertelsen to participate in fireside chat on May 13, 2026
  • Event scheduled for 8:45 AM ET, webcast available via Rigetti's Investor Relations page
  • Rigetti highlights its Cepheus 36-108 qubit systems and 9-qubit Novera QPU in press release
  • Company claims industry's largest multi-chip quantum computer deployed in 2026 with Cepheus-1-108Q
  • Rigetti operates quantum computers through Rigetti Quantum Cloud Services (QCS) platform

The big picture

Rigetti's participation in the Needham conference comes as the quantum computing sector focuses on scaling and practical applications. The company's emphasis on multi-chip quantum processors and fast gate speeds positions it in the competitive landscape against trapped-ion and neutral-atom systems. Rigetti's ability to integrate quantum computing with cloud services will be critical in attracting enterprise and government clients.

What we're watching

Quantum Scaling
How Rigetti's multi-chip quantum processor technology will affect its competitive positioning in the quantum computing market.
Market Adoption
Whether Rigetti can sustain its growth in enterprise and government cloud services through its QCS platform.
Technical Execution
The pace at which Rigetti can improve gate speeds and qubit counts while maintaining system reliability.

Rigetti to Detail Q2026 Performance Amid Quantum Computing Race

Event summary

  • Rigetti Computing will release its Q1 2026 financial results on May 11, 2026, after market close.
  • A conference call to discuss results and business operations is scheduled for May 11, 2026, at 5:00 PM ET.
  • Rigetti operates cloud-based quantum computing services (QCS) and sells on-premises systems ranging from 9 to 108 qubits.
  • The company deployed Cepheus-1-108Q, a 108-qubit multi-chip quantum computer, in 2026.

The big picture

Rigetti's upcoming earnings call provides a crucial data point in assessing the progress of the broader quantum computing industry, which is still in its nascent stages. While the company touts its chiplet technology and in-house manufacturing capabilities (Fab-1), the path to commercial viability remains challenging, requiring significant investment and demonstrating tangible use cases beyond research and development. The company's performance will be closely watched as a bellwether for the sector's overall trajectory.

What we're watching

Financial Performance
The company's ability to achieve profitability will be a key indicator of its long-term viability, given the substantial capital expenditures required for quantum computing development.
Scaling Challenges
The pace at which Rigetti can increase qubit counts and improve gate fidelity will determine its competitiveness against other quantum computing platforms.
Commercial Adoption
How effectively Rigetti can translate its technological advancements into paying customers and sustainable revenue streams will be crucial for justifying its valuation.
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