Rigetti Secures $35 Million Investment from Quanta – HostingJournalist.com

Rigetti Computing Secures $35 Million Investment from Quanta Computer to Boost Quantum Innovation

Rigetti Computing, a leading company in full-stack quantum-classical computing, has secured a $35 million strategic investment from Quanta Computer. As part of the agreement, Quanta acquired Rigetti common stock at approximately $11.59 per share, reinforcing a partnership that had been previously announced.

This investment represents a significant milestone for both companies in their shared mission to accelerate advancements in quantum computing. Rigetti CEO Dr. Subodh Kulkarni highlighted the strategic alignment between the two firms, noting that Quanta’s global expertise in notebook and server manufacturing complements Rigetti’s progress in superconducting quantum technologies. Together, they aim to unlock new capabilities and commercialization opportunities in the rapidly evolving quantum landscape.

Rigetti has been a pioneer in accessible quantum computing since the launch of its Rigetti Quantum Cloud Services (QCS) in 2017. QCS delivers cloud-based quantum computing solutions to enterprise, government, and research clients around the world. In 2021, the company expanded its offerings to include on-premises quantum systems with quantum processing units (QPUs) ranging from 24 to 84 qubits, tailored for quantum research institutions and national laboratories.

Private and Public Cloud Integration

In 2023, Rigetti introduced the Novera QPU—a 9-qubit, high-performance, on-premises quantum processor designed for seamless integration with existing cryogenic and control systems. The Novera QPU supports hybrid quantum-classical workflows and is compatible with both private and public cloud environments, a key feature for enabling real-world quantum applications.

Rigetti has also achieved a major industry breakthrough by developing the first multi-chip quantum processor, a crucial step toward scalable quantum computing. All of Rigetti’s quantum chips are designed and fabricated in-house at its dedicated Fab-1 facility, giving the company full control over the end-to-end production of its quantum devices.

With Quanta’s investment now finalized, Rigetti is well-positioned to accelerate the development and commercialization of quantum computing infrastructure across a broad range of industries.