Rigetti Computing Inc.
Rigetti Computing Extends Corporate Headquarters Lease
Summary
On September 24, 2024, Rigetti Computing, Inc. announced that its wholly-owned subsidiary, Rigetti & Co., LLC, entered into the Third Amendment to its existing Standard Industrial/Commercial Multi-Tenant Lease for its corporate headquarters located at 775 Heinz Avenue, Berkeley, CA. The amendment extends the lease term to October 31, 2028, with an option to extend further. New rental rates of $71,756.25 per month, effective from November 1, 2025, include an annual escalation of 3% starting from November 1, 2026. All other terms of the original lease remain unchanged.
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About Rigetti Computing Inc.
Rigetti Computing Inc. is at the forefront of a burgeoning sector within the technology industry, specializing in quantum computing. The company's main objective is to develop and commercialize quantum computing solutions that can outperform classical computers in specific tasks, which holds promise for industries like pharmaceuticals, finance, and artificial intelligence. Rigetti's pioneering efforts aim to harness the principles of quantum mechanics to create advanced hardware and cloud platforms that enable complex problem-solving and optimization capabilities. Founded in 2013 and headquartered in Berkeley, California, Rigetti endeavors to merge cutting-edge quantum technology with practical applications, potentially revolutionizing computational methods across various domains. By building a quantum computing ecosystem, Rigetti Computing Inc. plays a crucial role in advancing the technological paradigm, making it a significant entity within the rapidly evolving landscape of modern computing.
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