RGTI

Rigetti Computing, Inc. is a vertically integrated quantum computing company that builds quantum computers and the superconducting quantum processors that power them. The company operates Fab-1, a wafer fabrication facility dedicated to prototyping and producing its quantum processors. The company's mission is to build the world's most powerful computers to solve important and pressing problems, leveraging quantum mechanics to process information in fundamentally new ways compared to classical computing.

The company generates revenue through multiple streams. Currently, the substantial majority of revenues are derived from multi-year, non-recurring technology development contracts, which involve collaborative research to develop quantum algorithms and applications for customers. The company's longer-term business model centers on revenue generated from sales of quantum processing units (QPUs) and Quantum Computing as a Service (QCaaS) products, which provide cloud-based access to quantum computers. Additional revenue is derived from Rigetti Foundry Services (chip fabrication for research partners) and professional services such as algorithm development and benchmarking. The company's primary geographic markets are the United States, Europe, and Asia, with a significant portion of revenue dependent on contracts with the U.S. public sector.