Slide 1: Investor Presentation
Investor Presentation March 2026
Slide 2: Cautionary Notes
Cautionary Notes Forward Looking Statements: Certain statements in this presentation may be considered forward-looking statements, including statements with respect to the Company’s outlook and expectations, including expectations with respect to a plan to deliver 108Q chiplet-based system at 99.5%
Slide 3: Cautionary Notes
Cautionary Notes These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited t
Slide 4: Rigetti's Mission
Rigetti’s Mission: Build the world’s most powerful computers to help solve humanity’s most important and pressing problems Copyright Rigetti Computing 2026 4
Slide 5: Rigetti's Strategy
Rigetti’s Strategy: To be at the forefront of Superconducting Quantum Computing Copyright Rigetti Computing 2026 5
Slide 6: Table of Contents
Table of Contents 1. EXECUTIVE SUMMARY 7 2. MARKET OPPORTUNITY 18 3. PRODUCTS AND TECHNOLOGY 20 4. CUSTOMERS AND GO-TO-MARKET 31 5. GROWTH STRATEGY 39 Copyright Rigetti Computing 2026 6
Slide 7: Executive Summary
Executive Summary Copyright Rigetti Computing 2025 2026 7
Slide 8: A Global Leader in Superconducting Gate Based Quantum Computing Technology
A Global Leader in Superconducting Gate Based Quantum Computing Technology Pioneer in full-stack quantum computing systems from chip to cloud access. ✔ Public company (NASDAQ: RGTI) with ~160 employees based in Berkeley, CA with Fab in Fremont, CA Quantum computing projected to create $450B - $850B
Slide 9: Rigetti at a Glance
Rigetti-at-a-Glance We believe Rigetti’s early bets have led to its position as an industry leader with 285 issued and pending patents (123 issued, 162 pending) 2013 18 70K 164 Founded Deployed quantum Combined sq. ft. Employees systems to-date of facilities 58 95% - 99.8% 16 - 1,000+ PhDs 2-qubit g
Slide 10: Leading Industry Position 10+ Years in the Making
Demonstrates 99.9% 2Q Leading Industry Position fidelity at 28ns on 84Q Ankaa™-3 prototype platform system deployed with 99.0% iSWAP, and 2026 10+ Years in the Making 99.5% fSim median 2Q gate fidelity. UK’s Commercial NQCC opens, availability of including 24Q Ankaa- Aspen™-M 80Q class system system,
Slide 11: Classical Computers are Plateauing
Classical Computers are Plateauing Moore’s Law Diminishing Returns Energy Requirements Critical Problems Has Slowed for Parallelization Can’t Keep Up Are Out of Reach ● Costs have ballooned ● Marginal benefits from ● Classical supercomputers ● Optimization, data tremendously to reach parallel computi
Slide 12: We Believe Quantum Computing is the Answer
We Believe Quantum Computing is the Answer ORDERS OF MAGNITUDE FASTER Factoring large numbers would take millions of years on a traditional computer Compute time could be reduced Processing Time ● Traditional Computer ● from decades to seconds Quantum Computer Complexity of the problem EASILY REPRES
Slide 13: Rigetti Positioned to Deliver Quantum Advantage
Rigetti Positioned to Deliver Quantum Advantage Quantum advantage framework outlines a clear pathway towards superiority over classical computers Key Determinants of Quantum Advantage Broad QA Apps Advantage-Capable Subroutine: Qubit Count Size Non-simulatable Fidelity Reference Apps quantum subrout
Slide 14: We Believe Superconducting is the Leading Modality
We Believe Superconducting is the Leading Modality Quantum Computing Modalities Superconducting Photonics Trapped Ions Neutral Atoms Figures of Merit Rigetti, IBM, Google, Amazon, Fujitsu, IQM, IonQ, Quantinuum QuEra, Atom Computing PsiQuantum, Xanadu, Govt. of China Govt. of China Up to 156 Qubit M
Slide 15: We Believe We Have Superior Technology and Manufacturing Capabilities
We Believe We Have Superior Technology and Manufacturing Capabilities Key Quantum Computing Technology Value Chain Rigetti Differentiation ● Creation of the architecture and layout of quantum Best-in-Class Design & Fabrication Chip Design & circuits ● World’s first dedicated quantum integrated circuit
Slide 16: Trusted by World-Leading Organizations and Governments
Rigetti Superconducting Technology is Trusted by World-Leading Organizations and Governments National Labs & Centers ● Quantum hardware provider of choice by the UK’s National Quantum Computing Centre, Air Force Research Lab, India’s C-DAC, and Fermilab’s SQMS Center Financial Leaders ● Collaboratin
Slide 17: Exceptional, Visionary Management Team and Board of Directors
Exceptional, Visionary Management Team and Board of Directors Management Team Board of Directors Dr. Subodh Kulkarni Jeffrey Bertelsen Thomas J. Iannotti Michael Clifton Dr. Subodh Kulkarni President and CEO CFO Director Director Prior Experience: Chairman of the Board Prior Experience: Jackie Kaweck
Slide 18: Market Opportunity
Market Opportunity Copyright Rigetti Computing 2025 2026 18
Slide 19: Annual Value for Quantum Computing Providers
Annual Value for Quantum Computing Providers1 Before 2030 2030 - 2040 $1-2 billion $15-30 billion Demand driven by public Broader industry adoption sector, including after reaching quantum government labs advantage 1 “Quantum Computing On Track to Create Up to $850 Billion of Economic Value By 2040,
Slide 20: Products & Technology
Products & Technology Copyright Rigetti Computing 2025 2026 20
Slide 21: Our Mission: Build the World's Most Powerful Computers
Our Mission: Build the World’s Most Powerful Computers High Performance Hybrid Quantum Computing Systems GTM Government & finance: simulation, Strategic partners machine learning, optimization Business Model On-prem & QCS® Direct, Public clouds, & DoE Cloud Delivery System Architecture Low latency, d
Slide 22: Rigetti Solution Overview
Rigetti Solution Overview Fast gate times, low-latency conditional logic and fast Chips manufacturing with the ability to design high-quality Su program execution times processors quantum-coherent superconducting microwave devices pe Scalable quantum processors with on-chip design Design linear and
Slide 23: Rigetti's Fab-1: Industry's First Dedicated and Integrated Quantum Foundry
Rigetti’s Fab-1: Industry’s First Dedicated and Integrated Quantum Foundry Accelerates R&D, Drives Innovation, and Provides Competitive Advantage n sig Fa QPU De b Device Test Addresses Supply Chain Accelerates IP Asset for Risk Innovation Cycles Capital Efficiency Generation R&D Partnerships Helps mi
Slide 24: Proprietary Scaling Technology Unlocked by 6+ Years of Fab-Driven Innovation
Proprietary Scaling Technology Unlocked by 6+ Years of Fab-Driven Innovation Vertical Quantum Chiplet Inter-Module Rigetti’s Scalable + + = Signaling Technology Connectivity Architecture entanglement qubit qubit Chiplet 1 Chiplet 2 Carrier 2D vs 3D (Cross section) Signals routed Signals routed later
Slide 25: Technology Roadmap for Performance & Scaling
Technology Roadmap for Performance & Scaling 2024 2025 2026 2027 Ankaa-3 Cepheus-1 Cepheus-1 Cepheus-2 108Q 1,000+Q 84Q 36Q 150+Q Optimized monolithic First 9Q Industry’s largest Sub-system Performance at chip performance chiplet-based QPU chiplet-based QPU modularity scale QUBIT COUNT 84Q 36Q 108Q
Slide 26: Cepheus-1-36Q
Cepheus-1-36Q The industry’s largest multi-chip The industry’s quantum computer ● Rigetti’s latest system achieved a 99.5% median 2Q gate fidelity, a 2x reduction in error rate from its previous Ankaa-3 system. ● With four 9-qubit chips, Cepheus-1-36Q further validates Rigetti’s chiplet-approach to s
Slide 27: Introducing Cepheus-1-108Q QPU
Introducing Cepheus-1-108Q QPU ● The largest multi-chip QPU in the industry, with twelve 9-qubit chips in our multi-layer package. ● Uncompromised performance. Aiming for 99.5% median two-qubit gate fidelity. We’re tripling the number of chiplets without reducing fidelity. ● Aggressive Solution to Sca
Slide 28: Enabling On-Premises Quantum Computing
Enabling On-Premises Quantum Computing Superior Performance Control Over Tech Stack Flexible Configuration High-fidelity 2-qubit operations Deeper access to the tech stack Easily rewired and customized 24/7 System Future-Proof Access Continuous upgrade and No schedule snafus or improvement of hardware
Slide 29: The QCS Stack
The QCS® Stack Tools to support high performance QPU integration and application development Application Software ● Integrated Developer Environment (IDE) Processes ● Quantum Software Libraries Third Party Libraries IDE User Client Software Development Kit (SDKs) Developer Tools ● Compiler Utilities
Slide 30: QCS One Stack for All Our Customers & Partners
QCS® One Stack for All Our Customers & Partners Public Clouds Rigetti QCS® Direct Microsoft Azure AWS Braket Application Software Strangeworks Customer Development Public Cloud Customer Development Third Party Libraries IDE Strangeworks Product Public Cloud Product Platforms & Libraries Utilities Se
Slide 31: Customers & GTM
Customers & GTM Copyright Copyright Rigetti Rigetti Computing Computing 2025 2026 2025 31
Slide 32: Partnerships Help Accelerate Our Path
Partnerships Help Accelerate Our Path Cloud Access Applications Error Correction & Mitigation HPC Integration Hardware, Systems, & Deployments Chip Design (Fab-1) Copyright Rigetti Computing 2026 32
Slide 33: Novera QPU Partner Program
Novera QPU Partner Program An ecosystem of quantum computing hardware, software, and service providers whose technologies are compatible with our Novera QPU, streamlining our customers’ journey for establishing a fully functional quantum computing system. Cryogenics Control Systems Software Integrat
Slide 34: Strategic Collaboration with Quanta Computer
Strategic Collaboration with Quanta Computer Investing in Rigetti & Complementary Strengths to Drive Superconducting Quantum the Industry Forward Computing ➔ Rigetti and Quanta to invest ➔ Quanta’s extensive $250M each over the next 5 years manufacturing capabilities to to develop superconducting he
Slide 35: UK Quantum Ecosystem and Technology Development
UK Quantum Ecosystem and Technology Development Delivering On-Premises Quantum Computing and Advancing QEC Capabilities Funded by Innovate UK, Rigetti is collaborating with Riverlane and the UK National Quantum Computing Centre (NQCC) Superconducting Circuits team to benchmark and enhance QEC capabi
Slide 36: Quantum Error Correction Development
Quantum Error Correction Development Leveraging Riverlane’s Deltaflow to enable real-time error corrected execution on Rigetti QPUs Rigetti + Deltaflow Integration at NQCC ● Compile algorithm leveraging Riverlane’s Deltakit ● Run circuit on integrated Deltaflow + Rigetti QPU ● Generate real-time data f
Slide 37: Entangling Superconducting and Optical Qubits
Entangling Superconducting and Optical Qubits AFRL Program - Hybrid Superconducting-Optical Quantum Network Nodes ➔ Collaboration between Rigetti, QphoX B.V., and AFRL Information Directorate ➔ Goal: demonstrate the entanglement between microwave superconducting qubits and optical qubits in optical
Slide 38: Leveraging AI to Calibrate a Rigetti QPU
Leveraging AI to Calibrate a Rigetti QPU AI-powered tools achieved performance levels matching Rigetti’s rigorous system specifications ➔ Qruise and Quantum Elements automated the calibration of a Novera QPU integrated with Quantum Machines’ advanced OPX1000 control system and NVIDIA DGX Quantum ➔ Qu
Slide 39: Growth Strategy
Growth Strategy Copyright Copyright Rigetti Rigetti Computing Computing 2025 2026 2025 39
Slide 40: Path to Leadership
Path to Leadership On-premises systems through early nQA to cloud services deployments with hyperscalers ● Government sponsored deployments driving technology development until QA is enabled in 3+ years ○ Commercial sales tied to QA ● Rigetti systems are in key US and UK government organizations, an
Slide 41: Significant Growth Potential
Significant Growth Potential We believe that we have the winning technology, expertise, and product offerings to grow our business and leadership in the superconducting quantum computing market. ➔ Strong financial position. Approximately $590 million of cash, cash equivalents and available for sale inv
Slide 42: Thank you
rigetti | | Thank you