In 2025, the global investment in quantum computing has surged past $10 billion, reflecting its strategic importance, with governments and companies ramping up funding to develop cutting-edge quantum technologies.

Rigetti, a leader in superconducting quantum systems, recently demonstrated the industry's largest multi-chip quantum computer, Cepheus™-1-36Q, in July 2025, and aims for broader adoption by year's end.

Since 2017, Rigetti has been providing quantum cloud services supporting systems from 9 to 84 qubits, focusing on scalable, in-house manufactured multi-chip quantum processors.

The company develops quantum processors based on superconducting qubits and offers Quantum Computing as a Service (QCaaS) through its cloud platform, serving enterprise, government, and research clients worldwide.

Rigetti's stock trades around $16.23, with analyst ratings indicating a 'Buy' and an average target price of $18.60, reflecting investor confidence.

Recently, Rigetti announced a partnership with C-DAC, combining expertise in superconducting quantum systems and high-performance computing to develop indigenous cryogenic electronics and advanced quantum hardware in India.

Rigetti manufactures its quantum chips in-house at a dedicated facility, emphasizing its focus on scalable quantum processor development.

The company has engaged in collaborations with institutions like Montana State University and maintains transparency through financial disclosures, highlighting its focus on scalable quantum technology.

Rigetti's strategic activities and technological advancements position it as a significant player in the rapidly growing quantum computing industry.

The company's focus on superconducting qubits and cloud-based quantum services underscores its comprehensive approach to building practical quantum computing solutions.

India's national strategy includes developing indigenous quantum hardware and software, aligning with global efforts to advance quantum technology.