Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues<1m5.5m13.1m12.0m16.1m30.9m75.5m
% growth-654 %136 %(8 %)34 %92 %145 %
EBITDA(43.4m)(39.7m)(94.3m)(58.8m)(49.5m)(47.1m)(21.7m)
% EBITDA margin(5898 %)(716 %)(719 %)(490 %)(308 %)(153 %)(29 %)
Profit(53.8m)(26.1m)(71.5m)(75.1m)(68.5m)(66.1m)(56.0m)
% profit margin(7317 %)(471 %)(546 %)(625 %)(426 %)(214 %)(74 %)
EV / revenue-80.1x4.6x12.0x13.8x7.2x3.0x
EV / EBITDA--11.2x-0.6x-2.5x-4.5x-4.7x-10.3x
R&D budget29.4m24.1m60.0m52.8m---
R&D % of revenue4004 %435 %458 %439 %---
  • Edit
DateInvestorsAmountRound
-

N/A

-

$2.5m

Seed

$500k

Convertible

$2.5m

Seed

$2.2m

Seed

$250k

Convertible

$24.0m

Series A

$40.0m

Series B
N/A

$50.0m

Series C
N/A

N/A

Late VC
*

$71.0m

Late VC

$79.0m

Series C

N/A

Valuation: $1.5b

2039.5x EV/LTM Revenues

-34.6x EV/LTM EBITDA

SPAC Private Placement

$345m

Valuation: $1.5b

2039.5x EV/LTM Revenues

-34.6x EV/LTM EBITDA

SPAC IPO
*

$45.0m

Valuation: $1.5b

2039.5x EV/LTM Revenues

-34.6x EV/LTM EBITDA

SPAC Private Placement
*

£500k

Grant
*
N/A

N/A

Grant
*

$12.8m

Post IPO Equity
Total Funding€289m

Recent News about Rigetti Computing

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More about Rigetti Computinginfo icon
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Rigetti Computing is a pioneering company in the field of quantum computing, a cutting-edge technology that leverages the principles of quantum mechanics to perform complex calculations at unprecedented speeds. The company specializes in developing quantum processors, known as quantum processing units (QPUs), which are the core components of quantum computers. These QPUs use superconducting qubits, which are tiny units of quantum information that can exist in multiple states simultaneously, enabling the processing of vast amounts of data more efficiently than classical computers.

Rigetti serves a diverse range of clients, including academic researchers, government agencies, and businesses across various industries such as finance, pharmaceuticals, and logistics. These clients are typically looking to solve complex problems that are beyond the capabilities of traditional computing, such as optimizing large-scale operations, discovering new drugs, or developing advanced machine learning models.

Operating in the rapidly growing quantum computing market, Rigetti's business model revolves around providing access to its quantum computing resources through a cloud-based platform. This platform allows users to run quantum algorithms and simulations remotely, without the need to invest in expensive hardware. The company generates revenue by offering subscription-based access to its quantum computing services, as well as through partnerships and collaborations with other organizations.

Rigetti's innovative approach combines quantum computing with artificial intelligence (AI) and machine learning to enhance the capabilities of its systems. For example, the company has developed hybrid quantum-classical machine learning models that can improve the accuracy of weather predictions and other generative tasks. By continuously advancing its technology and expanding its applications, Rigetti aims to make quantum computing accessible and practical for solving some of the world's most pressing challenges.

Keywords: Quantum Computing, Superconducting Qubits, QPU, Cloud Platform, AI Integration, Machine Learning, Complex Problem Solving, Subscription Model, Advanced Algorithms, Hybrid Systems.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Rigetti Computing

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QxBranch
ACQUISITION by Rigetti Computing Jul 2019