Rigetti Computing, Inc. reports developments in full-stack quantum-classical computing, including on-premises quantum systems, superconducting quantum processors, and cloud access through the Rigetti Quantum Cloud Services platform. The company sells 9-qubit to 108-qubit systems under the Novera and Cepheus product names, with hardware designed for national laboratories, quantum computing centers, research institutions, government customers, and enterprise R&D.
Recurring updates cover quantum processor availability, chiplet-based system scaling, customer orders and QPU sales, financial results, conference participation, and manufacturing activity at Fab-1. Product news also includes access to systems such as Cepheus-1-108Q through QCS and supported cloud channels.
Rigetti Computing, Inc. reported its first quarter 2024 financial results, highlighting total revenues of $3.1 million, operating expenses of $18.1 million, and an operating loss of $16.6 million. The net loss was $20.8 million. The company raised $32.9 million in the first quarter. Rigetti achieved a 99.3% median 2-qubit gate fidelity and plans to launch a 84-qubit system by the end of the year. Novera QPU was sold to Horizon Quantum Computing, marking the company's entry into the Singapore quantum computing market. Rigetti also launched the Novera QPU Partner Program to support on-premises quantum computing ecosystem.
Rigetti Computing, Inc. will report its first quarter 2024 financial results on May 9, 2024, after market close. A conference call will be hosted to discuss the results and business operations on the same day at 5:00 p.m. ET. Details on how to access the call are provided.
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