What is Rigetti Computing?
Founded in 2013 and headquartered in Berkeley, California, Rigetti Computing, Inc. is at the forefront of quantum computing innovation. The company specializes in the design and fabrication of superconducting quantum integrated circuits, coupled with the development of sophisticated controlling architecture and software for executing quantum algorithms. Rigetti provides access to its quantum processing units and computing systems through its Quantum Cloud Services platform, serving a diverse clientele including commercial enterprises, government bodies, defense organizations, and academic institutions. Beyond its core hardware and cloud services, Rigetti offers a quantum operating system, professional services for algorithm development, and foundry services to advance quantum information science research. The company is publicly traded 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 AME Cloud Ventures, Susa Ventures, and Morado Ventures
Series A (2016): $24M led by Andreessen Horowitz
Series B (2017): $40M supported by Andreessen Horowitz, AME Cloud Ventures, Western Technology Investment, Y Combinator, Data Collective, Morado Ventures, and Vy Capital
Series C (2020): $79M featuring Bessemer Venture Partners, Morpheus Venture Partners, Alumni Ventures, Franklin Templeton Investments, Edbi, Northgate Capital, and DCVC Management Co LLC
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
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for investing in technology companies across various stages, from seed to growth. They focus on disruptive technologies and have a strong track record in supporting innovative startups.
AME Cloud Ventures
AME Cloud Ventures, led by Yahoo! co-founder Jerry Yang, focuses on seed to later-stage companies building infrastructure and value chains around data, investing in technology-heavy firms across the data stack.
Western Technology Investment
Western Technology Investment (WTI) provides venture debt to startups, enabling growth while minimizing shareholder dilution, with a history of supporting over 1,400 companies since 1980.
What's next for Rigetti Computing?
The recent major strategic investment in Rigetti Computing signals a pivotal phase for the company, likely aimed at scaling its operations, enhancing its quantum hardware capabilities, and expanding its software ecosystem. This infusion of capital, following a history of significant backing, positions Rigetti to further solidify its market presence and pursue ambitious research and development goals. The company's focus on providing quantum computing as a service suggests a strategy to democratize access to quantum resources, enabling broader adoption across various industries. Future developments may include advancements in qubit stability, error correction, and the development of more complex quantum applications, further cementing Rigetti's role in the burgeoning quantum technology landscape.
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