Slide 1: Investor Presentation March 2023
Exhibit 99.2 Investor Presentation March 2023
Slide 2: Cautionary Notes: Forward Looking Statements
Cautionary Notes Forward Looking Statements: Certain statements in this presentation and may be considered forward-looking statements, including statements with respect to theCompany’s outlook and expectations, including expectations for the planned development and release of theCompany’s anticipate
Slide 3: Cautionary Notes
Cautionary Notes Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions
Slide 4: Why Quantum Computing?
Why Quantum Computing? We believe quantum computing holds the potential to … unlock exponential computing power at scale, magnitudes beyond today’s classical systems decouple computing power from energy consumption create opportunities for profound new knowledge and accomplishments for humanity driv
Slide 5: Rigetti's Mission
Rigetti’s Mission: Build the world’s most powerful computers to help solve humanity’s most important and pressing problems 5
Slide 6: Rigetti's Strategy: Forefront of Superconducting Quantum Computing
Rigetti’s Strategy: To be at the forefront of Superconducting Quantum Computing 6
Slide 7: Competitive Moat Nearly 10 Years in the Making
Competitive Moat Nearly 10 years in the Making We believe Rigetti’s early bets have led to its position as an industry leader 165 issued and pending patents (69 issued, 96 pending) Established Rigetti deploys 32-qubit system Commercial availability of Rigetti & Co, Inc. compute facility quantum comp
Slide 8: Laser-focused on Achieving Quantum Advantage
Laser-focused on Achieving Quantum Advantage We believe Rigetti has developed the right strategy to reach advantage and ultimately be the standard in quantum. 8
Slide 9: Stages of Quantum Technology Maturation
1 Stages of Quantum Technology Maturation The Quantum Advantage Era Broad Quantum Advantage Solve currently intractable problems Narrow Quantum Advantage Solve practical problems in production workloads with improved accuracy, speed, or cost Emerging Quantum Advantage Explore use cases Build and ben
Slide 10: Large untapped opportunity for quantum computers
Large untapped opportunity for quantum computers that meet requirements for practical workloads Requirements for practical workloads Next gen Scale: 100s to 1000s of qubits Error Rates: < 0.5% Next gen Clock Speed: >1 MHz Fully Programmable & Universal (run general quantum algorithms) Manufacturable
Slide 11: Quantum Advantage: Our Central Focus
Quantum Advantage: Our Central Focus Quantum Focus: Quantum Machine Learning Advantage GTM Strategic Government & finance partners Business Model TM QCS Direct, Public clouds, & DoE Cloud Delivery System Architecture An industry leader in speed, based 1 Hybrid on CLOPS Processor Architecture Unlocks
Slide 12: Technology Roadmap Focused on Performance
1 Technology Roadmap Focused on Performance Gen 4: Anticipated Gen 4: Single Die Gen 3: Single Die Gen 3: Multi Die Single Die Aspen-X Aspen-M-X Ankaa-1 Ankaa-2 40Q 80Q 84Q 84Q Octagon Octagon Square Square Topology 2 98+% 96% 97% 98% 2Q Fidelity Interchip Coupling Expected Faster Gates and Expected
Slide 13: Partnerships Help Accelerate our Path
Partnerships Help Accelerate our Path Applications Rigetti Access & QCS™ Production Direct Quantum Cloud TM Services (QCS ) Quantum Processing Units Chip Fabrication (Fab-1) Copyright Rigetti Computing 2023 13
Slide 14: The Chip is the Heart of the Quantum Computer
The Chip is the Heart of the Quantum Computer Copyright Rigetti Computing 2023 14
Slide 15: Fab-1 Fremont, CA
Fab-1 Fremont, CA 15
Slide 16: Quantum Data Center and Test Facility
Quantum Data Center and Test Facility Berkeley & Fremont, CA Copyright Rigetti Computing 2022 16
Slide 17: FAB1 Accelerates R&D and Provides Competitive Advantage
Fab Test Rigetti Perspective: FAB1 Accelerates R&D and Provides Competitive Advantage QPU Device Addresses Supply Accelerates IP Platform for Innovation Cycles Chain Risk Generation Capital Efficiency R&D Partnerships Helps mitigate unfavorable Rapid design, build, test Essential for scaling large 32
Slide 18: Driving QPU Development: Targeted Performance at Scale
1 Driving QPU Development: Targeted Performance at Scale 2 Anticipated Lyra (336q) 99.5% Ankaa-2 99% Anticipated Q4 2023 Multi-chip scaling Aspen-8 5/2020 98% Aspen-7 4th generation Aspen-11 12/2019 architecture 12/2021 Aspen-4 3/2019 Ankaa-1 Deployed internally March 2023. Anticipated mid-2023 rele
Slide 19: 4th Gen Architecture: Designed for Quantum Advantage
4th Gen Architecture: Designed for Quantum Advantage 1 Demonstrated 2Q gate fidelities as high as 99.5% on intermediate-scale prototypes Anticipated Fourth Generation Third Generation Ankaa-1 and Ankaa-2 Fixed couplers Tunable couplers We expect… … … … … Faster gates Denser lattice Higher fidelities B
Slide 20: Progress in Developing Ankaa 84Q Prototype
Progress in Developing Ankaa 84Q Prototype 84Q chips being manufactured in Fab-1. Ankaa-1 deployed internally in March 2023. Testing, characterization and design optimization underway. Ankaa-1 is on track for anticipated Ankaa 84Q mid-2023 deployment to select unpackaged chip customers Copyright Rig
Slide 21: Proprietary scaling technology unlocked by 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 3D vs (Cross section) Signals routed Signals routed later
Slide 22: Application Driven Approach to Quantum Advantage
1 Application Driven Approach to Quantum Advantage (QA) Broad QA Apps Narrow QA Apps Advantage-Capable Size Subroutine: Reference Apps Fidelity Non-simulatable quantum Emerging QA subroutines that can be Error applied to valuable problems. correction These subroutines are Advantage- required for nQA
Slide 23: Optimization Illustrates Rigetti's Approach
Optimization Illustrates Rigetti’s Approach DARPA Program: Optimization with Noisy Intermediate Scale Quantum devices (ONISQ) ONISQ Phase 2 Targeted ONISQ Phase 1 Prototype Advanced Reference Prototype Application Rigetti QAOA Broad QA Apps internal Proof of Concept Narrow QA Apps Reference App 2019
Slide 24: Quantum Advantage Strategy
Quantum Advantage Strategy Reference Advantage-capable 1 2 subroutines Applications Required for demonstrating Integrate technology Narrow and Broad Quantum into application for Advantage for valuable evaluating progress and use-cases engaging partners Error Mitigation 4 4 3 and Correction Benchmark
Slide 25: Strategy to Build Reference Applications
Strategy to Build Reference Applications to Accelerate Progress Customers Full-scale ● Integrate all components necessary to use-case dataset achieve Quantum Advantage Hybrid Computation ● Broaden insights from prototype Quantum developments subroutine Classical Partners subroutines ● Continuously b
Slide 26: Focused on Useful Advantage-Capable Subroutines
Focused on Useful Advantage-Capable Subroutines Examples: Goals: QML Potentially Advantage-Capable Optimization Commercially Subroutines Valuable Problem Simulation 1,2 Sampling Low commercial Machine Learning³ value x Classically reproducible Beyond-Classical ¹Arute, Frank, et al. “Quantum supremac
Slide 27: What is Quantum-Classical Hybrid Computing?
What is Quantum-Classical Hybrid Computing? ● A classical program or Hybrid Quantum-Classical Computing System subroutine accelerated by a quantum subroutine Quantum Classical Computing System Computing System ● Performance is dependent (quantum subroutine) (classical program/subroutine) on the inte
Slide 28: QCS Delivering Hybrid Quantum Computing
QCS™ Delivering Hybrid Quantum Computing The Production Environment Hybrid Quantum Computing with QCS™ ● A distributed cloud hybrid Customer Cloud Hybrid Quantum-Classical computing system Computing System ● Customer resources located where the customer needs High ● High performance integration of P
Slide 29: Quantum Cloud Services (QCS)
Quantum Cloud Services (QCS™) Integrating Rigetti QPUs into the fabric of the cloud Public Rigetti Rigetti Cloud Quantum QCS™ Direct QCS™ Anywhere Services A complete, multi-regional, hybrid Supplying quantum processing QCS powering quantum services quantum cloud service directly from QCS™ to cloud
Slide 30: The QCS Stack
Rigetti Rigetti Public Clouds QCS™ Anywhere QCS™ Direct The QCS™ Stack Tools to support high performance QPU integration and application development Application Software ● Integrated Developer Environment (IDE) ● Quantum Software Libraries Third Party Libraries IDE ● Client Software Development Kit
Slide 31: QCS: One stack for all our customers & partners
QCS™ One stack for all our customers & partners Rigetti Rigetti Public QCS™ Direct QCS™ Anywhere Clouds Rigetti QCS™ Direct AWS Braket Application Software Strangeworks Customer Development Braket Customer Development Third Party Libraries IDE Strangeworks Product Braket Product Platforms & Librarie
Slide 32: Potential path to nQA
Potential path to nQA: We expect quantum computers have the potential to provide significant performance/price advantage over classical computation for select applications - Targeting 100+q at 99+% fidelity QPU in hybrid computing environment, we believe we will be able to achieve 1 nQA demonstration
Slide 33: Focused on driving high-value use cases with a full-stack hybrid approach
Rigetti is focused on driving what we believe are high-value use cases through a differentiated full-stack, hybrid approach to advance towards Quantum Advantage. We believe our QCaaS business model has the potential to deliver anticipated high-margin, recurring revenue growth and operating profit. We
Slide 34: Thank you
• Slide introduces the speaker • Add QA Slide for end of each speaker Thank you