Rigetti Computing
Rigetti Computing is a full-stack superconducting quantum computing company that designs, manufactures (at its Fab-1 foundry), and deploys 9- to 108-qubit quantum processors and the Forest SDK / QCS cloud platform for government, defense, academic, and enterprise research customers globally.
- Company typePublic
- Founded2013
- HeadquartersBerkeley, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Rigetti Computing does
Rigetti Computing (NASDAQ: RGTI) is a full-stack superconducting quantum computing company founded in 2013 by physicist Chad Rigetti and headquartered in Berkeley, California. The company designs, fabricates, and deploys quantum processing units based on transmon qubits with tunable couplers in a proprietary chiplet architecture, manufactured in-house at the Fab-1 quantum foundry in Fremont, California. Its current flagship is the Cepheus-1-108Q (107 operational qubits, deployed April 2026 with 99.84% single-qubit and 98.72% two-qubit gate fidelity), complemented by the commercially available 9-qubit Novera QPU. Software is delivered via the open-source Forest SDK (pyQuil, Quilc, QVM, Quil/Quil-T) and the proprietary Rigetti Quantum Cloud Services (QCS) platform.
Rigetti generates revenue through three channels: (i) hardware sales (Novera QPUs at ~$2-3M each, full Cepheus systems around $8.4M as evidenced by the C-DAC India purchase order); (ii) cloud subscriptions and pay-as-you-go usage on QCS and across AWS Braket, Microsoft Azure Quantum, qBraid, and Strangeworks marketplaces; and (iii) funded R&D contracts with government and defense customers (AFRL, AFOSR, DARPA Quantum Benchmarking Initiative, Innovate UK grants for NQCC deployment, and an up to $100M CHIPS Act LOI). The customer base spans government and defense laboratories, national quantum centers (UK NQCC, India C-DAC), research universities (MIT, University of Saskatchewan, Montana State, University of Edinburgh), and selected enterprises (Standard Chartered, Horizon Quantum, NASA).
FY2025 revenue was approximately $7.1M (down 34% YoY off a small base), with Q1 2026 revenue of $4.4M representing ~193-199% YoY growth. Cash and equivalents stood at $569M as of Q1 2026 with no debt. The company remains pre-profitable with a ~$225M FY2025 GAAP net loss and quarterly operating losses of $20-26M.
Rigetti Computing firmographics
Firmographics- Name
- Rigetti Computing
- Legal name
- Rigetti & Co, Inc.
- Website
- http://www.rigetti.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Rigetti Computing is a full-stack superconducting quantum computing company that designs, manufactures (at its Fab-1 foundry), and deploys 9- to 108-qubit quantum processors and the Forest SDK / QCS cloud platform for government, defense, academic, and enterprise research customers globally.
- Ownership category
- akta.pro rank
Rigetti Computing industry classification
Industry- Product category
- Quantum Computing Hardware
- NAICS
- Semiconductor and Related Device Manufacturing (334413), Semiconductor and Other Electronic Component Manufacturing (3344)
- SIC
- Semiconductors & Related Devices (3674), Electronic Computers (3571)
- akta.pro primary industry
- Superconducting QPU Systems (HDAGAAAA)
- akta.pro secondary industries
- QCaaS Platforms & Developer Portals (HDAGAIAB), Modular & Networked QPU Systems (Multi-QPU Architectures) (HDAGAAAI), QPU Packaging, Interconnects & Chiplets (Quantum Processor Integration) (HDAGAAAJ), Quantum Compilation Toolkits (Frontend SDK Layer) (HDAGACAF), Quantum Cloud Infrastructure & QPU Hosting (HDAGAIAA), Quantum Hardware Architecture & Systems Engineering Research (HDAGAMAB)
Keywords
Where Rigetti Computing is headquartered
LocationHeadquarters
- HQ city
- Berkeley
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Rigetti Computing business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Quantum Hardware Sales: Sale of quantum processing units including the Novera 9-qubit QPU (~$2-3M per unit) and 108-qubit Cepheus-1 systems (~$8.4M). Revenue recognition upon delivery and deployment.
- Quantum Cloud Services (QCS): Subscription and usage-based access to quantum computers via cloud platform, integrated with AWS Braket, Azure Quantum, and qBraid marketplaces.
- Government Research Contracts: Funded R&D agreements with government agencies including: $5.8M AFRL quantum networking contract, Innovate UK grants for NQCC deployment, DARPA Quantum Benchmarking Initiative, and potential $100M DoC CHIPS Act funding.
- Strategic Partnerships & Licensing: Revenue from partnerships including Quanta Computer collaboration and technology licensing arrangements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | Novera QPU - 9-qubit quantum processing unit for on-premises deployment |
| Unit Pricing | One time/ perpetual license | 108-qubit Cepheus-1 System - Full-scale quantum computer |
| Usage-based | Pay-as-you-go | Quantum Cloud Services - Remote quantum computing access |
| Other | Multi-year contract | Custom Quantum Systems - Enterprise/government deployments |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels7 records
Rigetti Computing product offering
Product offeringCore offering
Rigetti Computing designs, manufactures, and sells full-stack superconducting quantum computing systems. The company produces quantum processing units (QPUs), including the Novera 9-qubit QPU and the Cepheus-1-108Q system, fabricates its own superconducting chips at the Fab-1 foundry, and provides access to its quantum hardware through the QCS cloud platform and partner marketplaces. It also offers the Forest SDK and pyQuil software stack for quantum programming.
Product overview
Rigetti Computing is a full-stack quantum computing company that designs, manufactures, and deploys superconducting quantum computers and cloud services. The product portfolio centers on the Cepheus-1-108Q (108-qubit) as the flagship deployed system and the Novera QPU (9-qubit) as the first commercially available quantum processor customers can purchase. These systems are powered by the Ankaa architecture and accessed through the Quantum Cloud Services (QCS) platform, with software development enabled through the Forest SDK (including PyQuil, Quilc, QVM). Rigetti also manufactures its chips in-house at the Fab-1 facility. The systems support multiple cloud platforms including Amazon Braket, Azure Quantum, and qBraid, with a partner ecosystem providing control systems, cryogenics, and software tools.
Differentiator
Problem solved
Functional benefit
Brands
- Novera QPU: The company's first commercially available 9-qubit quantum processing unit, designed for hands-on quantum research and development.
- Cepheus
- Ankaa
- Forest
- Fab-1
- Quantum Cloud Services (QCS)
Products and services
- Novera QPU A 9-qubit commercially available superconducting quantum processing unit based on the Ankaa architecture with tunable couplers, enabling high-fidelity two-qubit operations. Designed for on-premises deployment in research labs and customer quantum computing facilities; ships ready to install in compatible dilution refrigerators.
- Cepheus-1-108Q Quantum System Rigetti's flagship 108-qubit superconducting quantum computer (107 operational qubits) that validates the company's chiplet-based scaling architecture. Achieves 99.84% single-qubit and 98.72% two-qubit gate fidelity with T1 lifetime of 26 microseconds. Available through QCS, AWS Braket, and Azure Quantum for enterprise, government, and research customers.
- Rigetti Quantum Cloud Services (QCS) Rigetti's proprietary cloud platform that provides remote access to quantum computing resources over the internet, integrated with public and private clouds. Enables developers and enterprises to write, compile, and execute quantum programs on Rigetti hardware with hybrid classical-quantum workflows.
- Forest SDK Full-stack quantum-classical programming environment including the pyQuil Python library, the Quil quantum instruction language, the Quilc optimizing compiler, and the QVM quantum virtual machine simulator. Sold and distributed as a development toolkit for quantum software engineers.
- 36-Qubit Multi-Chip Quantum Computer Industry's largest multi-chip quantum computer, demonstrating Rigetti's proprietary chiplet-based modular scaling architecture by connecting multiple quantum processor chips and achieving 99.5% median two-qubit gate fidelity. Available to enterprise and research customers via Rigetti's cloud channels.
Quantifiable outcome
- 99.84% single-qubit gate fidelity, 98.72% two-qubit gate fidelity on deployed 107-qubit system
- +2 more outcomes
Companies that use Rigetti Computing
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles4 records
Rigetti Computing technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration19 records
AI capability4 records
Feature7 records
Rigetti Computing partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- RiverlanecoreCollaborative research on real-time, low-latency quantum error correction published in Nature Communications. Riverlane's Deltaflow QEC system integrated with Rigetti's superconducting qubit hardware for world's first low-latency QEC experiment.
- QphoXcoreCollaboration on hybrid superconducting-optical quantum network nodes under $5.8M AFRL contract. QphoX provides frequency conversion systems for quantum applications enabling quantum networking.
- Amazon Braket / AWScoreRigetti quantum processors (Cepheus-1-108Q) available on AWS Braket marketplace, providing global cloud access to Rigetti quantum computing systems.
- Microsoft Azure QuantumcoreRigetti systems available through Azure Quantum platform, integrated into Microsoft's quantum computing cloud service alongside other quantum hardware providers.
- qBraidminorRigetti quantum computing access available through qBraid quantum development platform.
- Oxford Instruments NanoSciencecoreProvider of cryogenic systems for Novera QPU Partner Program, supplying dilution refrigerators and cryogenic equipment for quantum computing deployments.
- QbloxcoreControl systems provider for Novera QPU Partner Program, providing scalable and modular quantum control stacks for Rigetti quantum processors.
- Quantum MachinescoreQuantum control systems integration achieving 99.5% median two-qubit gate fidelity on Rigetti's Novera QPU using OPX1000 hardware and QUAlibrate software. AI-powered calibration demonstrated.
- Quanta Computercore$35M strategic investment closed April 2025; combined $500M commercialization partnership with Rigetti to accelerate superconducting quantum computing development and manufacturing.
- NVIDIAminorRigetti supporting NVIDIA NVQLink - an open platform for integrating AI supercomputing with quantum computers. Part of NVIDIA's hybrid computing ecosystem.
- National Quantum Computing Centre (NQCC)coreUK's NQCC deploying Rigetti's 24-qubit Ankaa-2 quantum computing system at Harwell Campus in 2024. Part of Innovate UK grant for quantum error correction research.
- Standard CharteredminorFinancial services partner in Innovate UK grant for quantum machine learning on financial data streams, alongside AWS and Imperial College London.
- Imperial College LondonminorAcademic research partner in quantum machine learning collaboration for financial data streams, funded by Innovate UK grant.
- DARPAcoreSelected for DARPA Quantum Benchmarking Initiative (QBI) to assess if any quantum computing approach can achieve utility-scale operation by 2033. Stage A focused on utility-scale quantum computer concept.
- U.S. Air Force Research Laboratory (AFRL)core$5.8M three-year contract to advance superconducting quantum networking technology with QphoX collaboration. National security focused quantum networking R&D.
- Horizon Quantum ComputingminorSingapore-based quantum software company purchased Novera QPU for hardware testbed combining Rigetti superconducting processor with IonQ trapped-ion system.
- Centre for Development of Advanced Computing (C-DAC) - Indiacore$8.4M purchase order for 108-qubit quantum computer from India's premier R&D organization. Includes MOU to explore co-development of hybrid quantum computing systems.
- University of SaskatchewanminorNovera QPU customer for multidisciplinary quantum research spanning vaccine development, food security, energy, and quantum encryption.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Rigetti Computing competitors and assessment
Company assessmentEmerging players
- PsiQuantum: PsiQuantum pursues photonic quantum computing at utility-scale ambition, with significant capital raised and a different (photonic) modality. Comparable to Rigetti as a peer pure-play quantum hardware vendor chasing the utility-scale/fault-tolerant milestone, though the underlying technology and supply chain differ materially.
- QuEra Computing: QuEra builds neutral-atom quantum computers with logical qubit demonstrations, pursuing scalability via optical-tweezer architectures. Comparable to Rigetti as a peer full-stack quantum competitor for research and government funding, with overlapping customer segments but a different qubit modality.
- Atom Computing: Atom Computing builds neutral-atom quantum computers and has demonstrated a 1,000+ qubit system, pursuing utility-scale fault tolerance. Comparable to Rigetti as a peer pure-play quantum hardware vendor with overlapping enterprise and research customers, but using a different (neutral atom) qubit modality.
- Pasqal: Pasqal develops neutral-atom quantum processors with European sovereign backing, offering both on-premise and cloud access. Comparable to Rigetti as a peer full-stack quantum hardware vendor competing for European research grants (e.g., EuroHPC) and enterprise pilots, though using a different modality.
Direct peers
- Quantinuum: Quantinuum (Honeywell + Cambridge Quantum) builds trapped-ion quantum systems (H2 with 56 qubits at high fidelity) and offers full-stack hardware plus software via cloud platforms. Directly comparable to Rigetti as a full-stack pure-play quantum competitor targeting enterprise research and government customers.
- IonQ: IonQ is a publicly traded full-stack quantum computing company pursuing trapped-ion modality, with cloud distribution through AWS Braket, Azure Quantum, and Google Cloud — overlapping channels and customers with Rigetti. Directly comparable as a peer quantum hardware vendor competing for the same enterprise and government quantum computing budgets.
- Google Quantum AI: Google Quantum AI builds superconducting transmon qubit processors (Willow 105-qubit with below-threshold QEC) and operates as a vertically integrated full-stack quantum effort with internal fabrication. Directly comparable to Rigetti in modality, qubit architecture approach, and pursuit of fault-tolerant quantum computing milestones.
- D-Wave Quantum: D-Wave is a publicly traded pure-play quantum computing company focused on quantum annealing systems (Advantage2 with 4,400+ qubits) plus gate-model efforts. Comparable to Rigetti as a public full-stack quantum competitor with both on-premise hardware sales and cloud access, targeting enterprise optimization workloads.
- IBM Quantum: IBM Quantum develops superconducting qubit-based quantum processors (Condor 1,121 qubits, Heron r2) with a full-stack approach spanning hardware, Qiskit software, and cloud access. Directly comparable to Rigetti as both target the same superconducting modality, same enterprise/research customer base, and same cloud-access go-to-market.
Others
- Quantum Machines: Quantum Machines is a quantum control systems vendor (OPX1000 controller, QUAlibrate software) that is a strategic integration partner in Rigetti's Novera QPU Partner Program. Adjacent/comparable as an enabler in the superconducting quantum stack, not a direct competitor but a participant in Rigetti's commercial ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Rigetti Computing social profiles
Digital presenceRigetti Computing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rigetti Computing leadership team
Management profileNumber of profiles
Profiles12 records
Rigetti Computing subsidiaries and ownership
Company hierarchySubsidiaries4 records
Rigetti Computing funding detail
Funding detailFunding overview
Funding rounds16 records
Investors40 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rigetti Computing M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rigetti Computing
What does Rigetti Computing do?
Rigetti Computing designs, manufactures, and sells full-stack superconducting quantum computing systems. The company produces quantum processing units (QPUs), including the Novera 9-qubit QPU and the Cepheus-1-108Q system, fabricates its own superconducting chips at the Fab-1 foundry, and provides access to its quantum hardware through the QCS cloud platform and partner marketplaces. It also offers the Forest SDK and pyQuil software stack for quantum programming.
Is Rigetti Computing a public or private company?
Rigetti Computing is a public company. It is classified as public and is currently operating.
When was Rigetti Computing founded?
Rigetti Computing was founded in 2013. It employs 101 to 250 people.
Where is Rigetti Computing based?
Rigetti Computing is headquartered in Berkeley, United States, in the North America region.
How does Rigetti Computing make money?
Four revenue lines are on record. Quantum Hardware Sales are the primary driver. The others are quantum Cloud Services (QCS), government Research Contracts and strategic Partnerships & Licensing.
Who are Rigetti Computing's main competitors?
Emerging players on record are PsiQuantum, QuEra Computing, Atom Computing and Pasqal. Direct peers are Quantinuum, IonQ, Google Quantum AI, D-Wave Quantum and IBM Quantum. Quantum Machines is listed as an others.
Does Rigetti Computing have an API?
Yes. Rigetti provides the QCS (Quantum Cloud Services) platform for cloud-based quantum computing access. The QCS platform enables developers to write and execute quantum programs using the PyQuil library (Python SDK) and other tools. The platform integrates with public and private clouds for practical quantum computing. Developer documentation is at docs.rigetti.com/qcs.
What industry is Rigetti Computing in?
Rigetti Computing's product category is Quantum Computing Hardware. Its primary akta.pro industry code is HDAGAAAA, Superconducting QPU Systems, with a secondary code of HDAGAIAB, QCaaS Platforms & Developer Portals. Its NAICS code is 334413 and its SIC code is 3674.