Rigetti Secures $100M, Aiming for Advanced Qubit Systems by 2026

📅 November 29, 2024 - Rigetti Computing, a prominent player in quantum-classical computing, has raised $100 million through its at-the-market (ATM) equity offering program initiated in March 2024. The funds will bolster the companys strategic goals in superconducting quantum computing, including enhancing 2-qubit gate fidelity and scaling towards higher qubit systems. Proceeds will also support working capital, capital expenditures, and general corporate purposes.

Dr. Subodh Kulkarni, CEO of Rigetti Computing, expressed optimism about the companys growth and the broader quantum computing industry. "We are thrilled by the interest in our company and the quantum sector as a whole," said Kulkarni. "National [...][... Check source for end of article ...]

Tags: Quantum Computing

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