Rigetti Computing has officially closed a $35 million equity investment from Quanta Computer, marking a significant advancement in the strategic partnership between the two companies. Under the terms of the deal, Quanta purchased shares of Rigetti common stock at approximately $11.59 per share. This funding milestone strengthens the collaborative roadmap previously outlined by Rigetti and Quanta and signals a deepening of their alignment in quantum hardware development. According to Rigetti CEO Dr. Subodh Kulkarni, combining Rigetti’s superconducting quantum technology with Quanta’s manufacturing leadership positions both companies at the forefront of the quantum computing industry.
The announcement reflects a broader strategic effort by Rigetti to scale its technology and accelerate the commercialization of fault-tolerant quantum computing systems. Rigetti’s product portfolio includes its cloud-accessible quantum computing services, on-premises systems such as the Novera™ QPU, and proprietary quantum-classical integration architecture. The company also operates the industry’s first multi-chip quantum processor and manufactures its superconducting quantum chips at its in-house facility, Fab-1. This infrastructure, paired with Quanta’s manufacturing capabilities in notebooks and servers, offers Rigetti a pathway to more scalable deployment and integration of quantum technologies across enterprise and research settings.
The investment comes as part of a wave of momentum for Rigetti, which was recently selected for DARPA’s Quantum Benchmarking Initiative. Rigetti continues to serve customers across government, academia, and industry, and is seeking to build systems capable of delivering real-world commercial utility. The company framed this new funding as not only capital for growth, but also as a foundation for a tighter strategic alliance with Quanta in quantum system development, global supply chain readiness, and future product commercialization.
Read Rigetti’s official announcement here, and revisit our in-depth coverage of the strategic partnership and investment details here.
April 30, 2025
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