Rigetti announced a workforce reduction of approximately 28% of staff, affecting about 50 employees, alongside CFO/CTO changes and a strategic reset.
SourcePublic company, workplace, funding, and market signals
Updated Aug 16, 2026
Rigetti Computing is a public full-stack quantum computing company that builds superconducting-qubit quantum processors, on-premises quantum systems, and cloud-accessible quantum computing services through its Rigetti Quantum Cloud Services (QCS) platform.
Primary product
Superconducting quantum computing systems and Rigetti Quantum Cloud Services (QCS)
Founded
2013
Headquarters
Berkeley, California, United States
Team size
51-200
Industry
IT Services and IT Consulting
Sub-industry
Quantum Computing
Offices
Business model
Stage
public
Latest round
SPAC business combination / PIPE financing · Mar 2022
Latest amount
$225.6M
Apr 2025 · Quanta Computer Inc.
Mar 2022
Mar 2022
Nov 2017
Apr 2015
Leadership
Subodh Kulkarni
President and CEO
David Rivas
Chief Technology Officer
Jeffrey Bertelsen
Chief Financial Officer
Brian Sereda
Former CFO
Mike Harburn
Former CTO
Founders
Chad Rigetti
Founder
Investors
Primary-source materials emphasize hybrid quantum-classical innovation, a focus on near-term technical milestones, and a culture of execution and operational focus. In 2023, the company explicitly reorganized around nearer-term priorities and reduced headcount to preserve cash.
Compensation
No reliable public compensation ranges were found in primary sources. Public filings and press releases emphasize cash preservation, restructuring, and equity financing rather than pay benchmarks.
Pricing
Primarily quotation/contract-based for on-premises systems and commercial agreements for cloud access; public list pricing was not found.
Differentiators
Technology
Customers
Competitors
Estimated revenue
~$5M-$15M annualized range based on public 2021-2024-era filings and press disclosures; latest Exa entity estimate indicated about $7.1M annual revenue, but this is not a company filing.
Estimated monthly visits
99.3K
Traffic estimate as of Jun 2026
Rigetti announced a workforce reduction of approximately 28% of staff, affecting about 50 employees, alongside CFO/CTO changes and a strategic reset.
SourceLinkedIn · Jul 2026
Company announced expansion of hybrid quantum-classical collaboration and NSF-funded TangleLab testbed.
Rigetti / GlobeNewswire · Jul 2026
Rigetti announced TangleLab, a hybrid quantum-classical supercomputing testbed with HPE and PSC, backed by a $5 million NSF grant and featuring a 9-qubit Novera QPU.
Rigetti / GlobeNewswire · May 2026
Rigetti said it signed an LOI with the U.S. Department of Commerce for up to $100 million in funding over three years to accelerate superconducting quantum computing R&D.
Rigetti / GlobeNewswire · May 2026
Q1 2026 revenue was $4.4 million; Rigetti brought Cepheus-1-108Q to general availability on QCS, Amazon Braket, Azure Quantum, and qBraid, and reiterated UK expansion plans.
Rigetti IR · Mar 2026
Reported 2025 results and purchase orders for Novera and a 108-qubit system, indicating continued commercial activity.
12 jobs at Rigetti Computing