Rigetti Computing Hits Quantum Milestone
Rigetti Computing(NASDAQ:RGTI) reported second quarter 2025 results on August 12, 2025, showcasing a major technical milestone by releasing the industry’s largest multi-chip quantum computer while raising $350 million in new equity during the year. Revenue was $1.8 million, down from $3.1 million in 2024. Net loss totaled $39.7 million, driven primarily by non-cash charges related to derivative warrant and earn-out liabilities.
The company transitioned to a chiplet-based architecture, cutting two-qubit gate error rates by 50% compared to its prior Anka 3 system as of Q2 2025, With a median two-qubit fidelity of nearly 99.5%, CPS 136Q has achieved a twofold reduction in two-qubit gate error rate compared to the previous Anka 3 system. These advances position Rigetti as a leader in scalable superconducting quantum technology, a modality that enables gate speeds over 1,000 times faster than ion trap alternatives according to management.
This milestone validates Rigetti’s proprietary chiplet strategy for quantum processor scaling and gives it a clear technical edge versus monolithic approaches or slower hardware modalities.
Source Fool.com
