Rigetti Computing signs letter of intent for $100M funding from US Department of Commerce
Rigetti Computing has signed a letter of intent with the US Department of Commerce for up to $100 million in funding. This funding aims to advance superconducting quantum computing, marking a significant commitment to quantum hardware development. The federal backing comes as the US intensifies its focus on quantum technologies amid global competition.
- ▪Rigetti Computing is set to receive up to $100 million from the US Department of Commerce.
- ▪The funding is intended to support advancements in superconducting quantum computing.
- ▪Rigetti reported a record revenue of $4.4 million in Q1 2026, making the potential funding transformative.
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Rigetti Computing signs letter of intent for $100M funding from US Department of Commerce The quantum hardware company secures a path to significant federal backing as Washington doubles down on superconducting quantum computing. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Rigetti Computing just locked in one of the largest public commitments to quantum hardware development in…
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