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Rigetti Computing Lands $100M DoD Funding Boost

14 Aug

Summary

Rigetti Computing announced progress on its Cepheus-class quantum systems.
A $100 million funding agreement was signed with the U.S. Department of Commerce.
This funding supports Rigetti's roadmap towards quantum advantage.

Rigetti Computing Lands $100M DoD Funding Boost

Rigetti Computing reported advancements in its Second Quarter 2026 performance, emphasizing technical leadership in quantum computing. The company is making ongoing progress to enhance the capabilities of its 108-qubit Cepheus-class system, known as Cepheus-1-108Q. This technical stride underpins their commitment to pushing the boundaries of quantum technology.

Furthermore, Rigetti has secured a significant financial commitment from the U.S. government. A Letter of Intent was signed with the Department of Commerce, potentially providing up to $100 million in funding over a three-year period. This substantial investment underscores confidence in Rigetti's innovative superconducting chiplet-based architecture.

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