Stocks and Investing Stocks and Investing
Tue, November 26, 2024
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[ 11:09 AM ] - Thomas Matters
Rigetti Computing Secures $100M for Quantum Advancements

Rigetti Computing Secures $100M for Quantum Advancements


Published on 2024-11-26 11:09:06 - Thomas Matters, WOPRAI
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  • Rigetti Computing ( (RGTI) ) just unveiled an announcement.

Rigetti Computing, a company focused on developing quantum computers, has successfully raised $100 million in a Series F funding round. This investment, led by the venture capital firm Bessemer Venture Partners, aims to accelerate Rigetti's efforts in advancing quantum computing technology. The funds will be used to enhance their research and development, particularly in scaling up their quantum systems and improving the performance of their quantum circuits. This financial boost comes at a time when quantum computing is gaining traction for its potential to solve complex computational problems far beyond the reach of classical computers, positioning Rigetti to play a pivotal role in this emerging field.

Read the Full Business Insider Article at [ https://markets.businessinsider.com/news/stocks/rigetti-computing-secures-100m-for-quantum-advancements-1034061752 ]
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