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Rigetti Computing to Report Second Quarter 2025 Financial Results and Host Conference Call on August 12, 2025
Globenewswire· 2025-07-22 20:05
Company Overview - Rigetti Computing, Inc. is a pioneer in hybrid quantum-classical computing and has been operating quantum computers over the cloud since 2017 [4] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [4] - Rigetti began selling on-premises quantum computing systems in 2021, with qubit counts ranging from 24 to 84 [4] - The company introduced its 9-qubit Novera™ QPU in 2023, designed for high-performance integration into existing cryogenic and control systems [4] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems [4] - The company designs and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility in the industry [4] Upcoming Financial Results - Rigetti will release its second quarter 2025 results on August 12, 2025, after market close [1] - A conference call will be held at 5:00 p.m. ET on the same day to discuss financial results and provide business updates [1] - The call can be accessed via a live audio webcast, with a replay available for one year [2]
Rigetti Demonstrates Industry's Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate
GlobeNewswire News Room· 2025-07-16 11:30
Core Insights - Rigetti Computing has achieved a mid-year performance milestone of 99.5% median two-qubit gate fidelity on its modular 36-qubit system, marking a 2x reduction in median two-qubit gate error rate compared to its previous best results on the 84-qubit Ankaa™-3 system [1] - The 36-qubit system, composed of four 9-qubit chiplets, is based on proprietary modular chip technology and is set to launch on August 15, 2025, with plans for a 100+ qubit chiplet-based system by the end of 2025 [1][2] - The company leverages superconducting qubits, which offer gate speeds over 1,000 times faster than other modalities, and has developed proprietary technology to enable scaling to higher qubit count systems [2] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 and serving various clients through its Rigetti Quantum Cloud Services platform [3] - The company began selling on-premises quantum computing systems in 2021, with qubit counts ranging from 24 to 84, and introduced the 9-qubit Novera™ QPU in 2023 to support R&D communities [3] - Rigetti has developed the industry's first multi-chip quantum processor for scalable systems and manufactures its chips in-house at Fab-1, the first dedicated quantum device manufacturing facility [3]
Rigetti Demonstrates Industry’s Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate
Globenewswire· 2025-07-16 11:30
Core Insights - Rigetti Computing has achieved a mid-year performance milestone of 99.5% median two-qubit gate fidelity on its modular 36-qubit system, marking a 2x reduction in median two-qubit gate error rate compared to its previous best results [1] - The 36-qubit system, composed of four 9-qubit chiplets, is based on proprietary modular chip technology and paves the way for a 100+ qubit chiplet-based system, which is expected to be released before the end of 2025 [1][2] - Rigetti plans to launch its 36-qubit system on August 15, 2025, and aims to maintain the same fidelity for the upcoming 100+ qubit system [1] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 and serving various clients through its Rigetti Quantum Cloud Services platform [3] - The company began selling on-premises quantum computing systems in 2021, with qubit counts ranging from 24 to 84, and introduced the 9-qubit Novera™ QPU in 2023 to support R&D [3] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and manufactures its chips in-house at Fab-1, the first dedicated quantum device manufacturing facility [3]
Rigetti Computing to Participate in Fireside Chat at 20th Annual Needham Technology, Media, & Consumer Conference
Globenewswire· 2025-05-06 20:05
Company Overview - Rigetti Computing, Inc. is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 [2] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [2] - In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits [2] - The company's 9-qubit Novera™ QPU was introduced in 2023, designed for high-performance, on-premises use [2] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems [2] - The company designs and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility [2] Upcoming Events - Rigetti CEO, Dr. Subodh Kulkarni, will participate in a fireside chat at the 20th Annual Needham Technology, Media & Consumer Conference on May 9, 2025 [1] - The event will be available for live webcast at 1:30 PM ET, with a replay accessible for 90 days post-event [1]
Rigetti Computing to Report First Quarter 2025 Financial Results and Host Conference Call on May 12, 2025
Globenewswire· 2025-04-28 20:05
Company Overview - Rigetti Computing, Inc. is a pioneer in hybrid quantum-classical computing and has been operating quantum computers over the cloud since 2017 [4] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [4] - Rigetti began selling on-premises quantum computing systems in 2021, with qubit counts ranging from 24 to 84 [4] - The company introduced its 9-qubit Novera™ QPU in 2023, designed for high-performance integration into existing cryogenic and control systems [4] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems [4] - The company designs and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility [4] Upcoming Financial Results - Rigetti will release its first quarter 2025 results on May 12, 2025, after market close [1] - A conference call will be held on the same day at 5:00 p.m. ET to discuss financial results and provide updates on business operations [1] - Key details for the call include a webcast link and a live call participant registration link [1][2][3]
Rigetti Granted Air Force Office of Scientific Research Award to Further Develop Breakthrough Chip Fabrication Technology
Globenewswire· 2025-04-28 12:00
Core Insights - Rigetti Computing, Inc. has been awarded a $5.48 million grant from the Air Force Office of Scientific Research to advance its chip fabrication technology, Alternating-Bias Assisted Annealing (ABAA) [2][5] - The consortium includes notable institutions such as Iowa State University, the Royal Melbourne Institute of Technology, the University of Connecticut, and Lawrence Livermore National Laboratory, aiming to understand how ABAA reduces defects in superconducting qubits [2][4] Group 1: Project Overview - The project focuses on developing a deeper understanding of ABAA's impact on chip fabrication at a microscopic level, which is crucial for addressing defects in superconducting qubits [2][3] - Rigetti's ABAA technique involves applying alternating low-voltage pulses at room temperature to the oxide barrier of the Josephson junction, enhancing qubit performance and scalability [3][4] Group 2: Technical Advancements - Devices manufactured using ABAA have shown a reduction in two-level systems (TLSs), which are defects that negatively affect qubit performance [4] - Understanding ABAA's effects on TLSs is expected to facilitate the scaling of superconducting quantum devices and applications relying on amorphous materials [4] Group 3: Strategic Positioning - The CEO of Rigetti emphasized that this project will enhance the company's understanding of superconducting qubit defects, positioning it better for scaling systems with improved performance [5] - Rigetti is actively supporting the U.S. Government's efforts to maintain leadership in quantum computing and is involved in DARPA's Quantum Benchmarking Initiative, which aims for utility-scale quantum computing by 2033 [5] Group 4: Company Background - Rigetti is recognized as a pioneer in full-stack quantum computing and has been operating quantum computers over the cloud since 2017 [6] - The company has developed the industry's first multi-chip quantum processor and manufactures its chips in-house at its dedicated facility, Fab-1 [6]
Rigetti Computing Selected to Participate in DARPA's Quantum Benchmarking Initiative
Newsfilter· 2025-04-03 20:05
Core Insights - Rigetti Computing has been selected to participate in DARPA's Quantum Benchmarking Initiative (QBI) to assess the feasibility of achieving utility-scale quantum computing by 2033 [1][4] - The company aims to develop a Utility-Scale Quantum Computer (USQC) using its proprietary multi-chip architecture and scalable quantum error correction (QEC) codes, in collaboration with Riverlane [2][3] Group 1: DARPA QBI Participation - The QBI will evaluate quantum computing concepts through a multi-stage approach, with Rigetti advancing to Stage A, which includes a 6-month performance period and potential funding of up to $1 million [1] - The initiative's goal is to determine if any quantum computing approach can achieve utility-scale operation by 2033 [1] Group 2: Technology and Collaboration - Rigetti's USQC concept will utilize Quantum Low Density Parity Check (qLDPC) codes, which are more efficient than traditional surface codes, allowing for better scalability and reduced physical qubit overhead [3] - Riverlane, a partner specializing in QEC technology, will assist in refining and validating Rigetti's USQC concept [2] Group 3: Company Expertise and Roadmap - Rigetti has spent a decade developing intellectual property and expertise in quantum computing, positioning itself to deliver on the QBI program [4] - The company has made significant advancements in superconducting qubit technology, including a novel chip fabrication technique called Alternating Bias Assisted Annealing (ABAA) [4][5] - Rigetti's current 84-qubit Ankaa-3 system demonstrates a 99.0% ISWAP gate fidelity, with plans to scale to over 100 qubits while reducing error rates by 50% [5]