Rigetti secures $100 million US funding for quantum research
The CHIPS Act allocation supports three scaling projects and grants the government a minority equity stake in exchange.
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Quantum computing hardware and software provider
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In short: Rigetti secured $100 million in CHIPS Act funding, launched its 108-qubit Cepheus system, and reported mixed financial results.
The CHIPS Act allocation supports three scaling projects and grants the government a minority equity stake in exchange.
Revenue hit $5.1M, supported by a potential $100M Dept of Commerce grant and HPE collaboration, alongside continued quantum technology advancements.
The LOI includes up to $100 million in funding for superconducting quantum computing R&D accelerating key technical challenges.
The company announced 108Q general availability and $4.4M revenue, maintaining $569M in cash with no debt while progressing its quantum roadmap.
IonQ, D-Wave, and Rigetti aren't selling GPUs or data center capacity. They're selling access to a fundamentally different kind of computer, one that's taken decades...
According to Mitrade on September 23, 2026, Rigetti signed a definitive agreement with the U.S. Department of Commerce for up to USD 100 million under...
Rigetti receives $100 million from the US government through the CHIPS Act. The Department of Commerce enters the capital: all details.
The U.S. government is taking minority equity stakes in D-Wave Quantum, Rigetti Computing, and Quantinuum with a combined $300 million CHIPS Act deal that funds...
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