Financial StabilityThe balance sheet was significantly strengthened with approximately $217 million in cash, providing financial stability and runway for future developments.
InvestmentsQuanta's $285M investment is the largest private funding in a pure play quantum computing company, highlighting confidence in Rigetti's roadmap and pathway to commercialization.
PartnershipsThe partnership with Quanta is a significant validation of Rigetti's approach, as Quanta's extensive evaluation concluded that superconducting gate-based systems are the optimal technology.