Rigetti Computing

Rigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.

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Earnings data Q4 2024

Rigetti Computing advances quantum systems amidst financial challenges and growth opportunities

Rigetti Computing progresses with advanced quantum systems, strong financial backing, and strategic partnerships, but faces challenges in scaling and financial performance.
Opportunities in government funding, research collaborations, and technological innovation offer avenues for growth and differentiation in the competitive quantum computing landscape.

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BERKELEY, Calif., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), 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.

Rigetti Computing Announces Updated Strategic Plan to Prioritize Achieving Higher Performance System and Potential Path to Narrow Quantum Advantage

In my first post of Rigetti Computing, I emphasized the firm had not figured out how to make money. Its quantum computing pedigree and government customer base have made progress perhaps slow.

Revisiting Rigetti Computing: Management Change To Drive Growth?

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.

Rigetti Computing to Present at 25th Annual Needham Growth Conference

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

Rigetti Computing Appoints Dr. Subodh Kulkarni as President and Chief Executive Officer

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

Rigetti to Bring Quantum Machine Learning Applications to Strangeworks Platform

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.

Rigetti Computing Reports Third Quarter 2022 Financial Results

Rigetti Computing, Inc. (NASDAQ:RGTI ) Third Quarter 2022 Business Update Call November 14, 2022 5:00 PM ET Company Participants Alissa Fitzgerald – Member of Board of Directors and Audit Committee and Chair of the Nominating and Corporate Governance Committee Rick Danis – Interim President and Chief Executive Officer and General Counsel Brian Sereda – Chief Financial Officer David Rivas – Senior Vice President-Systems and Services Conference Call Participants Krish Sankar – Cowen David Williams – Benchmark Quinn Bolton – Needham Operator Good day and thank you for standing by. Welcome to the Rigetti Computing's Third Quarter 2022 Business Update Conference Call.

Rigetti Computing, Inc. (RGTI) Third Quarter 2022 Business Update Call Transcript

Among the SPAC-related companies many growth investors have been excited about in the past, Rigetti (NASDAQ: RGTI ) is one company that's been on the radar for many investors. Unfortunately, RGTI stock has seen price action similar to other de-SPAC companies, on a steady trajectory lower.

Why Did Rigetti Computing (RGTI) Stock Just Hit a New 52-Week Low?

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.

Rigetti Computing Announces Update to CEO Leadership Transition

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.

Rigetti Computing Announces CEO Leadership Transition

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.

Rigetti Computing to Report Third Quarter 2022 Financial Results and Host Conference Call on November 14, 2022

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FREMONT, Calif., Sept. 16, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, will share business developments, including updates regarding its partnerships, Fab-1 facility, and status of its technology roadmap, ahead of its previously announced inaugural investor day.

Rigetti Announces New Partnerships, Provides Business Updates at Inaugural Investor Day

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BERKELEY, Calif., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announces that it has launched Rigetti QCS™ in Public Preview on Microsoft's Azure Quantum platform. Previously in Private Preview, all Azure Quantum users can now access Rigetti's Aspen-M-2 80-qubit and Aspen-11 40-qubit superconducting quantum processors on demand to develop and run quantum applications.

Rigetti Expands QCS™ Availability to Microsoft's Azure Quantum Platform

BERKELEY, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) -- WHAT: Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, will be hosting its inaugural Investor Day.

MEDIA ALERT: Rigetti Computing to Host & Webcast Inaugural Investor Day on Friday, Sept. 16

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BERKELEY, Calif., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced that it will host its inaugural Investor Day on Friday, September 16, 2022, from 8:30 a.m. to 11:00 a.m. PT (11:30 a.m. to 2:00 p.m. ET). During the event, members of Rigetti's leadership team will share presentations and hold Q&A sessions on Rigetti's technology roadmap progress, long-term strategic planning, key business initiatives, and more.

Rigetti Computing to Host and Webcast 2022 Investor Day Live on September 16, 2022

BERKELEY, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced its investor conference schedule for August and September 2022. During the period, management will take one-on-one meetings at the Needham & Co. Semiconductor, Jefferies Semiconductor, and Deutsche Bank Technology investor conferences. Chad Rigetti, founder and CEO, also will participate in a fireside chat at the Deutsche Bank Technology conference.

Rigetti Computing Announces Upcoming Investor Conference Schedule

Rigetti Computing, Inc. (NASDAQ:RGTI ) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Polly Pearson - Investor Relations Chad Rigetti - Founder and Chief Executive Officer Brian Sereda - Chief Financial Officer Conference Call Participants David Williams - Benchmark Company Trevor Janoskie - Needham Operator Good day and thank you for standing by. Welcome to the Rigetti Computing Second Quarter 2022 Earnings Conference Call.

Rigetti Computing, Inc. (RGTI) CEO Chad Rigetti on Q2 2022 Results - Earnings Call Transcript

BERKELEY, Calif., Aug. 11, 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 for the second quarter and six months ended June 30, 2022.

Rigetti Computing Reports Second Quarter 2022 Financial Results and Provides Business Update

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Rigetti will lead a team that includes University of Technology Sydney, Aalto University, and University of Southern California Rigetti will lead a team that includes University of Technology Sydney, Aalto University, and University of Southern California

News for Rigetti Computing Stock (RGTI)