December 1, 2022

Rigetti Computing has raised over $71M in new funding

Quantum computing company Rigetti Computing is on the fundraising trail, according to an SEC filing submitted by the company on Friday.

According to the filing, the company has raised a little over $71 million of a round aiming to raise up to $83.85 million in fresh capital for the company. Rigetti Computing disclosed in its filing that the total amount raised and the total offering amount includes approximately $23.85 million from the conversion of convertible securities into equity in the company.

According to Crunchbase data, the company has raised nearly $120 million in prior funding. Rigetti’s last round was a $50 million Series B deal closed in November 2017.

The company’s valuation and information about which investors participated in the deal have not been disclosed at this time. Previously disclosed investors include the likes of Streamlined Ventures, Andreessen Horowitz, DCVC, Vy Capital, Lux Capital and Y Combinator, among others. (Crunchbase)

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