Rigetti Computing took a $71 million down round, because quantum computing is hard

The $71 million in financing that quantum computing technology developer Rigetti Computing recently raised came at a significant cut to the company’s valuation, according to several sources with knowledge of the company.
The company declined to comment on its valuation or the recent round of funding it secured.
Rigetti is one of a handful of startups attempting to make quantum computing commercially viable. It’s a vitally important emerging technology with implications for national s