Rigetti Computing Raises $64M in Series A and B Funding

Rigetti Computing, a Fremont and Berkeley, Calif.-based quantum computing startup, raised $64m in Series A and B funding.

The Series A round of $24m was led by Andreessen Horowitz. Vijay Pande, general partner at Andreessen Horowitz, has been appointed to Rigetti’s Board of Directors, joining Rigetti CEO Chad Rigetti and angel investor Charlie Songhurst.
The Series B round of $40m was led by Vy Capital, followed by Andreessen Horowitz.

Major investors in both rounds include Y Combinator’s Continuity Fund, Data Collective, FF Science, AME Cloud Ventures, Morado Ventures, and WTI. Institutional investors in Series A include Sutter Hill Ventures, Susa Ventures, Streamlined Ventures, Lux Capital, and Bloomberg Beta.

The company, which has raised $69.2m to date, will use the funds to expand its business and engineering teams, continue to invest in infrastructure to manufacture and deploy its quantum integrated circuits.

Led by Chad Rigetti, founder and chief executive officer, Rigetti Computing is building a cloud quantum computing platform for artificial intelligence and computational chemistry. The company recently opened up private beta testing of Forest, its API for quantum computing in the cloud.



Join the discussion