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Rigetti Computing Inc., listed on Nasdaq, specializes in the development of quantum computing solutions, providing both hardware and software for advanced applications in science, industry, and research.
Its business model combines the manufacturing of quantum processors with the delivery of an integrated platform that enables the development, testing, and execution of quantum algorithms in a cloud environment.
Rigetti was founded in 2013 in the United States by Chad Rigetti, a physicist specializing in quantum computing, with the goal of bridging cutting-edge academic research and commercial applications of quantum technologies.
The company’s founding was driven by the ambition to provide alternatives to classical computing for solving complex problems in areas such as optimization, molecular simulation, and cryptography.
Its portfolio includes in-house manufacturing of superconducting quantum chips, a cloud-accessible quantum computing system, and a development environment called Forest, which allows users to program and run quantum algorithms remotely.
Additionally, Rigetti offers consulting and support services for companies and research institutions interested in exploring quantum computing applications in their innovation processes.
With global operations focused on markets such as the United States, Europe, and Asia, the company targets regions where demand for advanced technologies and quantum computing research is most intense.
Rigetti also integrates its offerings with established cloud computing platforms, such as Amazon Web Services (AWS), increasing access to its quantum processors for end users without requiring dedicated infrastructure.
Its operational structure is centered on its research and manufacturing campus in Berkeley, California, where the company develops its quantum processors and algorithms.
Rigetti also maintains partnerships with universities and innovation centers to accelerate the development of new applications.
The company's shares are traded on Nasdaq under the ticker RGTI.
History and Founding of Rigetti Computing Inc.
Rigetti Computing Inc. was founded in 2013 in Berkeley, California, by Chad Rigetti. Its initial focus was on developing quantum processors based on superconducting qubits.
In the following years, the company created its own quantum programming platform, becoming one of the first to offer Quantum Computing as a Service (QCaaS).
Market factors influencing its operations include scientific advancements in quantum computing, increased public and private investment in emerging technologies, and the growing demand for computational capabilities beyond traditional systems.
At the same time, Rigetti faces challenges such as uncertainty regarding the pace of commercial quantum technology development and competition from major technology firms and specialized startups pursuing different quantum hardware approaches, including IBM, Google, and IonQ.
In March 2022, the company completed its initial public offering (IPO) on Nasdaq, trading under the ticker RGTI.
Between 2020 and 2024, Rigetti expanded its manufacturing capacity, established strategic partnerships, and advanced the development of quantum algorithms for applications in optimization and simulation.
Additional Information
The Company Rigetti Computing Inc (United States), is listed on Nasdaq with a market cap of $ 9.14 Billions, having an equity of $ 371.83 Millions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 7.49 Millions, which generated a loss in the amount of $ -350.96 Millions.
As for its main indicators, the Company has a P/E ratio of -26.03, a P/BV ratio of 24.57 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker RGTI.
