Rigetti Secures $8.4M Order for 108-Qubit Quantum Computer from India's C-DAC
RGTI has more than doubled off its 52-week low of $6.86.
Summary
Rigetti Computing announced an $8.4 million purchase order from India's Centre for Development of Advanced Computing (C-DAC) to deliver a 108-qubit quantum computer, marking a significant international deployment for the company.
Key Events · Product Development and Regulatory · RGTI
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Major Purchase Order Received
Rigetti Computing received an $8.4 million purchase order for a 108-qubit quantum computer.
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Strategic International Customer
The order is from the Centre for Development of Advanced Computing (C-DAC), India's premier R&D organization.
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On-Premises Deployment
The system will be installed on-premises at C-DAC's Bengaluru center.
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Deployment Timeline
The quantum computer is scheduled for deployment in the second half of 2026.
Analysis · RGTI · Technology
This purchase order is an important development for Rigetti Computing, demonstrating strong international demand for its quantum computing technology. Securing an $8.4 million contract from C-DAC, India's premier R&D organization, validates Rigetti's proprietary chiplet-based architecture and its path to scaling high-qubit count systems. The deployment of a 108-qubit system on-premises at C-DAC's Bengaluru center signifies a strategic expansion into a key emerging market and reinforces Rigetti's position as a leader in delivering state-of-the-art quantum computing systems for research and scientific partners. This order builds on an existing partnership, indicating successful collaboration and future potential.
At the time of this filing, RGTI was trading at $24.63 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $6.86 to $58.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.