Rigetti Computing Inc.
Rigetti Computing Announces Second Quarter 2025 Financial Results and Cepheus-1-36Q Release
Summary
Rigetti Computing, Inc. reported its financial results for the second quarter of 2025, showing total revenues of $1.8 million and a net loss of $39.7 million. The company also announced the general availability of its 36-qubit multi-chip quantum computer, Cepheus-1-36Q, on the Rigetti Quantum Cloud Services Platform, achieving a median two-qubit gate fidelity of 99.5%. Rigetti completed a $350 million equity raise in the second quarter, bolstering its financial position.
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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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