Rigetti Computing, a US-based quantum computer developer backed by media group Bloomberg, has picked up $71m in a funding round featuring 65 undisclosed investors, according to a regulatory filing.
Tomer Diari, an investor with venture capital firm Bessemer Venture Partners, was identified by Crunchbase as a new addition to Rigetti’s board of directors, implying the firm may be the lead investor in the round.
The company is targeting an $83.9m close and the amount raised so far includes the conversion of $23.9m in securities.
Founded in 2013, Rigetti is building quantum computers that rely on a proprietary processing unit. It has also created a platform enabling users to run quantum computing applications in public, private and hybrid clouds.
The company has raised $190m in funding to date, having secured $50m in capital from unnamed investors in November 2017, a round that remained undisclosed until mid-2018.
Vy Capital led Rigetti’s $40m series B round, which was disclosed in 2017, with contributions from Andreessen Horowitz, Data Collective, Y Combinator’s Continuity Fund, AME Cloud Ventures, Morado Ventures, WTI and FF Science.
Bloomberg’s early-stage investment arm, Bloomberg Beta, has participated in a $24m series A round for the company that was led by Andreessen Horowitz. It was closed on an undisclosed date and revealed in conjunction with the series B round.
Data Collective, FF Science, AME Cloud Ventures, Susa Ventures, Streamlined Ventures, Lux Capital, Morado Ventures, WTI, Sutter Hill Ventures and Y Combinator’s Continuity Fund were also among the series A investors.
