Articles from Rigetti Computing, Inc.

BERKELEY, Calif., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be participating in a fireside chat at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025.

Ankaa-3 features a broad hardware redesign enabling superior performance. Enhancements across the technology stack include a new cryogenic hardware design, an overhaul of the qubit circuit layout, precise qubit frequency targeting with Alternating-Bias Assisted Annealing, and flexible gate architecture with precise controls. Ankaa-3 has achieved a 99.5% median two-qubit gate fidelity.

AI-powered tools from Quantum Elements and Qruise remotely automated the calibration of a Rigetti QPU integrated with Quantum Machines’ control system. This work was part of the “AI for Quantum Calibration Challenge” hosted at the Israeli Quantum Computing Center.

BERKELEY, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has entered into securities purchase agreements with two institutional investors for the purchase and sale of 50,000,000 shares of the Company’s common stock, par value $0.0001 per share, at a purchase price of $2.00 per share, pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in gross proceeds of approximately $100 million, before deducting placement agent commissions and other offering expenses.

BERKELEY, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has successfully completed sales of $100 million gross proceeds of its common stock pursuant to its previously disclosed "at-the-market" equity offering program (the “ATM Program”) since the commencement of the ATM Program in March 2024. The Company intends to use the funds generated by the ATM Program for working capital, capital expenditures and other general corporate purposes, including continuing to focus on its strategy as a leader in superconducting quantum computing and continuing to work to improve its 2-qubit gate fidelity and scale towards higher qubit count systems.

BERKELEY, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON Europa 2024 in Munich, Germany later today, November 13, 2024 at 2:45pm.

BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2024 and business updates, including updates to its technology roadmap.

By integrating Riverlane’s quantum error decoder into the control system of Rigetti’s 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a critical process for developing fault tolerant quantum computers

The UK’s National Quantum Computing Centre (NQCC) officially opened the doors of its landmark facility on Harwell Campus on October 25. The state-of-the-art facility includes a fully operational 24-qubit Ankaa™-class Rigetti system, which will be made available to NQCC researchers for testing, benchmarking, and exploratory applications development.

BERKELEY, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2024 results on Tuesday, November 12, 2024 pre-market open. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 8:30 a.m. ET the same day.

BERKELEY, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be a speaker at the second annual Stanford Conference on Technology + National Security. The conference is hosted by Stanford DEFCON, a student network under the purview of the Gordian Knot Center for National Security Innovation at Stanford University, and will be held October 8-9 at the Hoover Institution.

Rigetti’s novel technique, Alternating-Bias Assisted Annealing (ABAA), allows for more precise qubit frequency targeting, enabling improved execution of 2-qubit gates and a reduction in defects, which both contribute to higher fidelity. This work was recently published in Nature Communications Materials.

BERKELEY, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2024.

BERKLEY, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2024 results on Thursday, August 8, 2024 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 4:30 p.m. ET the same day.

BERKLEY, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON West 2024 in San Francisco, California, on July 10, 2024 at 10am PDT.

BERKELEY, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQRGTI), a pioneer in hybrid quantum-classical computing systems, today announced the Company is set to join the Russell 3000® Index ​​at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th.

BERKELEY, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the first quarter ended March 31, 2024.

BERKELEY, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2024 results on Thursday, May 9, 2024 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

The Novera QPU Partner Program aims to enable high-performing, on-premises quantum computing by creating an ecosystem of quantum computing hardware, software, and service providers who build and offer integral components of a functional quantum computing system. Novera QPU customers can work with Novera QPU partners to build a quantum computer powered by the Novera QPU that satisfies their system requirements and quantum computing research objectives.

Rigetti sells Novera QPU to Horizon Quantum Computing for its first quantum computing system in its newly opened hardware testbed in Singapore.

LONDON and OXFORD, United Kingdom, April 16, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, and Oxford Instruments NanoScience, a leading provider of cryogenic systems, announce that their three-year project to build and operate one of the first quantum computers in the UK has been successfully completed. The consortium also included the Quantum Software Lab at the University of Edinburgh, Phasecraft, and Standard Chartered Bank. The goals of the Rigetti-led £10 million consortium were to accelerate the commercialization of quantum computing in the UK (1) through the delivery of a quantum computer in the UK, (2) by advancing practical applications in machine learning, materials simulation, and finance, and (3) furthering the development of the UK’s quantum computing talent, infrastructure, and national supply chain. The consortium was backed by funding from the UK government’s Quantum Technologies Challenge, led by UK Research & Innovation (UKRI).

BERKELEY, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the fourth quarter and year ended December 31, 2023.

BERKELEY, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full year 2023 results on Thursday, March 14, 2024 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

CAMBRIDGE, United Kingdom and BERKELEY, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Riverlane, the global leader in quantum error correction technology, and Rigetti (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced their participation in a project led by the US Department of Energy’s Oak Ridge National Laboratory (ORNL) to explore the challenges of integrating a quantum computer with a large-scale, supercomputing centre.

The proposed 24-qubit quantum computing system will be based on Rigetti’s fourth generation Ankaa™-class architecture and will be made available to NQCC researchers for testing, benchmarking, and exploratory applications development.

Rigetti will be joined by Amazon Web Services (AWS), Imperial College London, and Standard Chartered to develop quantum machine learning techniques designed to enable financial institutions to more effectively process, interpret, and make decisions with complex data streams.

The Company’s 84-qubit Ankaa™-2 system is now publicly available to all of its customers via Rigetti Quantum Cloud Services (QCS™). The Ankaa-2 system has achieved a 98% median 2-qubit fidelity, a 2.5x performance improvement compared to the Company’s previous QPUs.

The Novera QPU is Rigetti’s first commercially available QPU. The QPU includes a 9-qubit chip that features tunable couplers for fast 2-qubit operations and a 5-qubit chip for testing single-qubit operations. The Novera QPU is based on Rigetti’s fourth generation Ankaa-class architecture.

Rigetti will leverage its resource estimation framework developed in Phase 1 to research the requirements necessary for designing fault tolerant quantum computers capable of solving some of humanity’s most pressing problems.

BERKELEY, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2023.

Rigetti will be joined by HSBC, the Quantum Software Lab based at the University of Edinburgh, and the National Quantum Computing Centre to work to improve the performance of quantum algorithms for anomaly detection, a critical method for identifying and preventing financial crime.

BERKELEY, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has appointed Thomas J. Iannotti as Chairman of the Board of Directors, effective immediately. Mr. Iannotti succeeds Cathy McCarthy in the role of Chair, with Ms. McCarthy continuing to serve as a member of the Board of Directors.

BERKELEY, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2023 results on Thursday, November 9, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

Rigetti was selected by the Defense Advanced Research Projects Agency (DARPA) to advance the state-of-the-art in quantum algorithms for solving combinatorial optimization problems as part of the Imagining Practical Applications for a Quantum Tomorrow (IMPAQT) program

The five-year Indefinite Delivery Indefinite Quantity contract establishes the ability for the Air Force Research Lab (AFRL) to purchase Rigetti’s state-of-the-art superconducting qubit fabrication capabilities for quantum networking hardware research and development.

BERKELEY, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2023.

BERKELEY, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2023 results on Thursday, August 10, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

Together, Rigetti and ADIA Lab plan to design, build, execute, and optimize a quantum computing solution intended to address the probability distribution classification problem, one of the greatest challenges of quantitative finance.

Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and Gate Speed Improvements Superior to Aspen M-3  

BERKELEY, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2023 results on Thursday, May 11, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

Strategic Focus on Achieving 99% 2-Qubit Median Fidelity on 84 Qubit Chip

BERKELEY, Calif., March 13, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full year 2022 results on Monday, March 27, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

BERKELEY, Calif., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQRGTI), a pioneer in hybrid quantum-classical computing systems, today announced that its Board has approved an updated business strategy, including revisions to its technology roadmap. In connection with this updated strategy, the Company will transition to a newly appointed CFO and CTO and is implementing a workforce reduction in order to focus the organization and its resources on nearer-term strategic priorities.

BERKELEY, Calif., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, President and CEO, Brian Sereda, CFO, and David Rivas, SVP of Systems and Services, will attend the 25th Annual Needham Growth Conference on Tuesday, January 10, 2023. Management will deliver an investor presentation from 1:30-2:10 p.m. ET (10:30-11:10 a.m. PT) and conduct investor meetings throughout the day.

Seasoned public company executive with background in the semiconductor industry brings track-record of success in scaling and commercializing cutting-edge technologies

The new applications are expected to be available on the Strangeworks platform in early 2023 on a pay-as-you-go service

BERKELEY, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results and the filing of its Quarterly Report on Form 10-Q for the third quarter and nine months ended September 30, 2022.

BERKELEY, Calif., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has filed for an extension for the filing of its Form 10-Q for the third quarter and nine months ended September 30, 2022, and provided business updates for the third quarter of 2022. Accordingly, the Company's previously announced earnings conference call scheduled for 5:00 pm ET today will be a business update call to discuss the delay of its third quarter financial results, its recent executive transition announcements, and its technical roadmap progress and other business updates for the third quarter of 2022. Instructions for how to access this call can be found below.

BERKELEY, Calif., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that the Company’s Founder, Dr. Chad Rigetti, has provided to the Company his intention to tender resignation from his positions as the Company’s President, Chief Executive Officer and Director on the Company’s Board of Directors, with an anticipated effective date of December 15, 2022.

BERKELEY, Calif., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, today announced that the Company’s Founder, Dr. Chad Rigetti, will be transitioning from his position as President and Chief Executive Officer to focus on advancing the Company’s products and technology. As part of this next phase of growth, the Company will conduct a CEO search for Dr. Rigetti’s successor, and Dr. Rigetti will continue to serve in his current role until a successor is identified and assumes the position.

BERKELEY, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2022 results on Monday, November 14, 2022, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.