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Rigetti Announces Order for a 108-Qubit Quantum Computer from India's Centre for Development of Advanced Computing (C-DAC)

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BERKELEY, Calif., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing India P L, a wholly owned subs...

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AI Summary

Rigetti Computing has secured an $8.4 million order for a 108-qubit quantum computer to be deployed at C-DAC’s Bengaluru facility in late 2026. This partnership underscores growing government interest in quantum computing and positions Rigetti advantageously in the emerging market for quantum technologies.

Sentiment Rationale

The substantial order indicates strong market demand and Rigetti's competitiveness ahead of peers, reminiscent of previous gains following significant contracts in advanced tech fields.

Trading Thesis

RGTI is likely to see positive momentum in the coming months due to strong contract wins and rising demand for quantum computing.

Market-Moving

  • The $8.4 million order indicates a strong demand for quantum solutions.
  • Deployment scheduled for late 2026 aligns with growing quantum computing initiatives.
  • Partnership with C-DAC could lead to further contracts and collaborations.
  • Rigetti's proprietary technology positions it favorably against competitors.

Key Facts

  • Rigetti received an $8.4 million order for a 108-qubit quantum computer.
  • Computer will be installed at C-DAC's Bengaluru center in late 2026.
  • Rigetti's chiplet architecture is critical for scaling quantum systems.
  • Partnership with C-DAC signifies growth in quantum computing demand.
  • Rigetti's systems outperform other modalities by significant gate speed margins.

Companies Mentioned

  • Rigetti Computing, Inc. (RGTI): RGTI benefits directly from the $8.4 million order and future quantum initiatives.
  • Centre for Development of Advanced Computing (C-DAC): C-DAC's selection of Rigetti enhances its credibility and market position.

Corporate Developments

This news falls under 'Corporate Developments,' as it highlights a significant contract win for Rigetti that could significantly influence its revenue and market perception in the quantum computing sector.

Rigetti Computing Secures $8.4 Million Order for 108-Qubit Quantum Computer

BERKELEY, Calif., Jan. 20, 2026 (GLOBE NEWSWIRE) — Rigetti Computing India P L, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI), has announced a significant milestone in its quantum computing endeavors. The company has received an $8.4 million purchase order to deliver a 108-qubit quantum computer to the Centre for Development of Advanced Computing (C-DAC), which is recognized as India’s premier R&D organization under the Ministry of Electronics and Information Technology. Scheduled for deployment in the second half of 2026, this state-of-the-art system will be installed at C-DAC’s Bengaluru center.

Key Features of the Quantum Computer

The upcoming quantum computer will utilize Rigetti's proprietary chiplet-based architecture, a crucial component in the company’s strategy to develop high qubit count systems aimed at achieving error correction and fault tolerance in quantum computing. This highlights Rigetti's commitment to advancing the field through innovative technology.

  • Order Value: $8.4 million
  • Qubit Count: 108 qubits
  • Deployment Timeline: Second half of 2026

Insights from Leadership

Dr. Subodh Kulkarni, CEO of Rigetti, expressed gratitude towards C-DAC for selecting their technology, emphasizing, “We are honored that C-DAC has recognized the value of Rigetti’s quantum computing technology and expertise.” He noted that this partnership signifies a growing demand for on-premises quantum computers as national governments prioritize advancements in quantum computing technology.

A Continuing Partnership with C-DAC

This order builds upon Rigetti’s existing relationship with C-DAC. In September 2025, the two entities signed a memorandum of understanding aimed at exploring the co-development of hybrid quantum computing systems, designed to support government laboratories and academic institutions engaged in quantum computing research and development.

About Rigetti Computing

Rigetti is at the forefront of full-stack quantum computing, developing systems based on superconducting qubits. These systems offer a clear pathway to scalability and fast gate speeds, achieving between 50-70 nanoseconds. Rigetti provides a range of on-premises solutions, from 9-qubit to 180-qubit systems, catering to national laboratories and quantum computing centers.

  • Current Gate Speeds: 50-70 ns
  • Range of Systems: 9-qubit to 180-qubit

The company also operates a cloud platform known as Rigetti Quantum Cloud Services (QCS), facilitating global enterprises, government bodies, and researchers in their quantum R&D efforts.

About C-DAC

The Centre for Development of Advanced Computing (C-DAC) plays a crucial role in advancing India’s technology landscape. Established under the Ministry of Electronics and Information Technology (MeitY), it focuses on enhancing national technological capabilities through various initiatives in quantum technologies, including the development of quantum accelerators and a national quantum computing reference facility.

Forward-Looking Statements

Certain statements in this article may be classified as “forward-looking statements” under federal securities laws. These include expectations regarding the deployment of the quantum computer at C-DAC and the anticipated benefits of Rigetti’s technology. Actual results may vary due to various factors, including technological advancements and market conditions.

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