Inside Quantum Technology

Rigetti Computing Has Raised Over $71M In New Funding, Per SEC Filing

(Crunchbase) According to a recent SEC filing, Rigetti Computing 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 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.
The filing states that, so far, 65 investors contributed capital to the round, and that the company received its first capital commitment for the round on Feb. 18, 2020. Tomer Diari, an investor with Bessemer Venture Partners, is a new addition to the company’s board. It’s typical for lead investors to take a board seat following a deal, so it’s likely that Bessemer is the lead investor in Rigetti’s latest round.

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