Rigetti Signs Final Agreement for $100M US Quantum R&D Award
Rigetti Computing announced that its wholly owned subsidiary, Rigetti & Co, LLC, has signed a definitive agreement with the U.S. Department of Commerce for $100 million in CHIPS Research and Development funding. The award is intended to accelerate Rigetti's superconducting quantum computing R&D.
The funding could accelerate Rigetti's move from single-chip superconducting processors to modular multi-chip systems within the next two years.