Funding And LiquidityRigetti Computing added $350M to the balance sheet, resulting in $570M in cash, providing substantial liquidity for continued investment towards commercialization.
Product DevelopmentThe successful release of the Cepheus-1 system marked the launch of the industry's largest multi-chip quantum processor and met important performance targets.
Technological MilestonesRigetti Computing is on schedule to deliver a 100-qubit multi-chiplet QPU with 99.5% two-qubit gate fidelity by year-end, an important milestone on the path to quantum advantage.