Rigetti Computing, Inc.

The company builds and operates quantum computers, aiming to solve complex computational challenges that exceed the capabilities of traditional supercomputers and cloud infrastructure. Its strategy focuses on superconducting quantum computing. The company's quantum computers leverage quantum mechanics to process information with meaningful power efficiency. These systems are designed to address problems in areas such as climate change, fusion energy, quantitative finance, drug development and discovery, materials science, and artificial intelligence. The quantum computers are based on superconducting qubits, which the company believes is the leading quantum computing modality due to fast gate speeds and a defined scaling pathway. Its quantum computers currently achieve gate speeds of 50-70 nanoseconds. The company has developed the world's first multi-chip quantum processor for scalable quantum computing systems, utilizing a patented and patent-pending modular chip architecture. This architecture was demonstrated with the launch of Cepheus-1-36Q, which is based on four 9-qubit "chiplets" tiled together. The company is vertically integrated, owning and operating Fab-1, a wafer fabrication facility dedicated to prototyping and producing its quantum processors.