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Rigetti Computing Nabs $79 Million Series C

Rigetti Computing CEO Chad Rigetti.

Photo credit: Steve Jennings/Getty Images for TechCrunch, under Creative Commons license

Rigetti Computing, a Berkeley, California-based quantum computing startup, has raised $79 million in Series C financing led by Bessemer Venture Partners, with additional participation from the likes of Franklin Templeton, Morpheus Ventures, DCVC, EDBI, and Northgate Capital. The new financing tops up an $8.6 million award from the research arm of the US government to build a quantum computer system that's aimed to be capable of outperforming classical computers. “This round of financing brings us one step closer to delivering quantum advantage to the market,” Chad Rigetti, the CEO of Rigetti Computing, says in a press statement.

Rigetti's Series C follows a previous $71 million round of financing that the company raised in March. With this new financing, Rigetti has now raised a total of about $270 million in known funding since its inception.

Rigetti primarily builds and develops quantum computers. The company was founded in 2013.





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