Ankaa-3 features a broad hardware redesign enabling superior performance. Enhancements across the technology stack include a new cryogenic hardware design, an overhaul of the qubit circuit layout, precise qubit frequency targeting with Alternating-Bias Assisted Annealing, and flexible gate architecture with precise controls. Ankaa-3 has achieved a 99.5% median two-qubit gate fidelity.
Rigetti Computing completes $350 million at-the-market equity offering
Rigetti Computing today announced that it has completed sales of $350 million gross proceeds of its common stock pursuant to its previously disclosed at-the-market equity offering program. With this additional funding, Rigetti will have approximately $575 million of cash, cash equivalents and available-for-sale investments with no debt, and is well positioned to support commercial scale-up of its superconducting gate-based quantum computers.
Rigetti Computing to participate in fireside chat at 20th Annual Needham Technology, Media, & Consumer Conference
Rigetti Computing, Inc. announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be participating in a fireside chat at the 20th Annual Needham Technology, Media & Consumer Conference on May 9, 2025.
QphoX, Rigetti and the NQCC announce collaboration on multi-channel optical readout of quantum processors
QphoX, Rigetti Computing, and the NQCC announced that they have been awarded a multinational grant to perform readout of superconducting qubits using light transmitted over optical fiber.
Rigetti Computing closes investment by Quanta Computer
Rigetti announced today that it has closed the previously announced investment by Quanta Computer Inc. (“Quanta”, TWSE: 2382.TW) related to their strategic collaboration agreement. In connection with the closing, Quanta purchased approximately $35 million of shares of Rigetti common stock at approximately $11.59 per share.
Rigetti Computing to report first quarter 2025 financial results and host conference call on May 12, 2025
Rigetti will release first quarter 2025 results on May 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.
When will quantum computing be ready for prime time? Inside Rigetti’s big bet
On the latest episode of After Earnings, we spoke with Rigetti CEO Dr. Subodh Kulkarni about quantum science and its applications today. He talked about how Rigetti tries to compete with the quantum computing R&D budgets of Big Tech players, the company's push towards a 100-qubit processor, and the promise of new breakthroughs.
Rigetti granted Air Force Office of Scientific Research award to further develop breakthrough chip fabrication technology
The $5.48 million Rigetti-led consortium will include Iowa State University, the Royal Melbourne Institute of Technology, the University of Connecticut, and Lawrence Livermore National Laboratory. The project aims to develop a deeper understanding of how Rigetti’s novel chip fabrication process, Alternating-Bias Assisted Annealing (ABAA), reduces defects in superconducting qubits.
Rigetti wins Innovate UK’s Quantum Missions pilot competition to advance quantum error correction capabilities on superconducting quantum computers
Rigetti, in collaboration with Riverlane and the National Quantum Computing Centre (NQCC), has been selected as one of the winners of Innovate UK’s Quantum Missions pilot competition. Leveraging Rigetti’s quantum computer hosted at the NQCC, the £3.5 million Rigetti-led consortium aims to benchmark and enhance the quantum error correction capabilities of superconducting quantum computers — a requirement for achieving large-scale fault-tolerant quantum computing.
The high-street bank HSBC has worked with the NQCC, hardware provider Rigetti and the Quantum Software Lab to investigate the advantages that quantum computing could offer for detecting the signs of fraud in transactional data.
Rigetti and IonQ selected for U.S. quantum initiative. Moving ‘from hype to prototype.’
Rigetti Computing was among the companies chosen by the U.S. government to participate in a multi-year program assessing the viability of quantum computing.The Defense Advanced Research Projects Agency, a research arm of the U.S. Department of Defense, unveiled the 15 finalists for its Quantum Benchmarking Initiative on Thursday.
