Rigetti Computing Closes Investment by Quanta Computer

Rhea-AI Summary

Rigetti Computing (Nasdaq: RGTI) has successfully closed a significant investment deal with Quanta Computer (TWSE: 2382.TW). The transaction involves Quanta purchasing approximately $35 million worth of Rigetti common stock at $11.59 per share.

This investment is part of a previously announced strategic collaboration between the two companies. The partnership combines Rigetti's pioneering work in superconducting quantum computing with Quanta's expertise in notebook and server manufacturing.

Dr. Subodh Kulkarni, Rigetti CEO, expressed optimism about the collaboration, stating that the partnership aims to position both companies at the forefront of the quantum computing industry. This strategic investment represents a significant step in strengthening their collaborative efforts in advancing quantum computing technology.

Positive

• $35 million strategic investment received from Quanta Computer at $11.59 per share
• Partnership with world-leading notebook and server manufacturer Quanta enhances manufacturing capabilities
• Strategic collaboration with major tech manufacturer strengthens market position

Negative

• None.

BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, 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.

“We are pleased to take this next step in our strategic collaboration with Quanta,” says Dr. Subodh Kulkarni, Rigetti CEO. “Quanta’s world-leading expertise in notebook and server manufacturing paired with Rigetti as a pioneer in superconducting quantum computing will help put us at the forefront of the quantum computing industry.”

About Rigetti
Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at https://www.rigetti.com/.

Rigetti Media Contact
press@rigetti.com

Cautionary Language and Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta on the Company’s operations, technology roadmap, milestones, and the Company’s position in the industry. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company’s partnerships and collaborations, including the strategic collaboration with Quanta; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

FAQ

How much did Quanta Computer invest in Rigetti Computing (RGTI) in April 2025?

Quanta Computer invested $35 million in Rigetti Computing, purchasing shares at $11.59 per share in April 2025.

What is the strategic partnership between Quanta Computer and Rigetti (RGTI)?

The strategic collaboration combines Quanta's expertise in notebook and server manufacturing with Rigetti's pioneering work in superconducting quantum computing to advance their position in the quantum computing industry.

What was the share price for Quanta's investment in RGTI stock?

Quanta purchased Rigetti Computing (RGTI) shares at approximately $11.59 per share.

How will the Quanta investment benefit Rigetti Computing (RGTI)?

The investment strengthens Rigetti's position in quantum computing by combining their quantum expertise with Quanta's manufacturing capabilities, potentially advancing their industry leadership.

What is the significance of the $35M Quanta investment for RGTI shareholders?

The investment represents a strategic partnership that could enhance Rigetti's market position in quantum computing through collaboration with a major manufacturing partner, potentially benefiting shareholder value.