R

Rigetti

Cloud-based quantum computing platform provider

Software Engineering Intern - Computer Vision & Automation

Summer 2026Updated
$35 - $50/hr
Internship
Bachelor's, Master's, PhD
Fremont, CA, USA
In Person
AI & Machine LearningComputer Vision

About the job

Requirements
  • Pursuing a Bachelor’s, Master’s, or PhD in Computer Science, Software Engineering, or a related field
Responsibilities
  • Develop Python automation for structured file processing (CSV/Excel)
  • Implement robust filesystem logic and idempotent processing
  • Design outputs suitable for production integration
  • Add logging, configuration management, and documentation
  • Implement, integrate, and validate an on-prem image classification model
  • Design a retraining workflow to incorporate new labeled data
  • Support model evaluation, performance analysis, and versioning
  • Contribute to a lightweight web user interface (TypeScript, HTML, CSS)
  • Display and filter structured inspection results and images
  • Support workflow for review and retraining selection
Desired Qualifications
  • Coursework or experience in computer vision or image classification
  • Familiarity with machine learning frameworks (PyTorch, TensorFlow, etc.)
  • Experience with TypeScript, HTML, CSS
  • Interest in applied, production-oriented machine learning systems

About the company

R

Rigetti

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cbWebsite

Rigetti Computing provides access to quantum computing resources through a cloud platform. It builds quantum processors called quantum processing units (QPUs) that use superconducting qubits to run quantum algorithms remotely. Customers, including researchers, government clients, and businesses, can subscribe to the service to run simulations and algorithms without buying hardware, with some projects combining quantum and classical AI to improve tasks like weather forecasting. What sets Rigetti apart is its emphasis on a cloud-based, subscription model and its work on hybrid quantum-classical machine learning, aiming to make quantum computing practical for real-world problems rather than selling standalone hardware. The company’s goal is to broaden access to quantum computing and apply it to complex challenges such as optimization, drug discovery, and advanced modeling.

Company Size

201-500

Company Stage

IPO

Headquarters

Berkeley, CA

Founded

2013

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Simplify's Take

What believers are saying

  • Rigetti signed a $100 million Commerce award on September 8, 2026.
  • C-DAC’s $8.4 million 108-qubit order targets second-half 2026 deployment in Bengaluru.
  • Q2 2026 revenue rose 185% to $5.1 million, with $541.3 million cash and no debt.

What critics are saying

  • Q2 2026 operating loss reached $28.1 million against $5.1 million revenue.
  • September 2026 Commerce funding takes a minority equity stake, adding dilution pressure.
  • Rigetti faces existential failure if 2026 deliveries slip and 2027 revenues stay in millions.

What makes Rigetti unique

  • Rigetti’s chiplet-based superconducting architecture powers Cepheus-1-108Q, launched April 2026.
  • Rigetti is one of three gate-based systems above 100 qubits, alongside IBM and Google.
  • Rigetti sells hardware, cloud access, and HPC workflows through HPE and PSC, July 2026.

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Benefits

  • 401k
  • Equity grant
  • Medical, dental & vision
  • Performance-based bonuses
  • Flexible PTO
  • Fitness reimbursement
  • Parental leave
  • FSA & commuter benefits
  • EAP
  • Flexible work schedule

Growth & Insights and Company News

6 month growth

2%

1 year growth

-1%

2 year growth

-1%
Finbold
Oct 29th, 2026
2 quantum computing stocks I'd buy right now.

2 quantum computing stocks I'd buy right now. Quantum computing continues to capture the imagination of industries ranging from technology to cryptocurrencies, but the investment case varies sharply on a company-to-company basis. Below are 2 quantum computing stocks I'd buy right now, one more risky and one more conservative. Rigetti: High risk, high reward. Rigetti Computing (NASDAQ: RGTI) develops superconducting quantum processors and systems for applications that could benefit from advanced computational capabilities. While that sounds impressive, this is the risky pick alluded to above. The stock has struggled over the past year, and the shares are trading at $12.4, down 42% year-to-date (YTD) at press time. This is mostly because, while the company's latest financial results showed commercial activity, revenue remains small relative to operating costs. Discover more Finance News Subscription Stock Market Analysis Notably, in its second-quarter 2026 results, published on August 6, Rigetti reported revenue of $5.1 million and an operating loss of $28.1 million. It ended June with $541.3 million in cash, cash equivalents, and available-for-sale investments to fund research and development and commercial expansion. But there's a silver lining. For example, Rigetti is collaborating with HP and the Pittsburgh Supercomputing Center to further develop a hybrid quantum-classical supercomputing environment. In addition, the company is pursuing a potential U.S. Department of Commerce funding arrangement worth up to $100 million over three years. If all goes to plan, the shares could receive an important catalyst and get back on track in the long run. Still, risks remain significant, so the stock is a high-risk, high-reward play. Nvidia: A conservative quantum computing stock play. Nvidia (NASDAQ: NVDA) is not technically a quantum stock per se because the company is not building a quantum computer. However, it is still a relevant pick as its strategy is built around the idea that quantum tools will have to be supported by traditional hardware - the kind of hardware Nvidia makes. As a result, Nvidia could emerge as an indirect beneficiary of the quantum computing industry. For example, its artificial intelligence (AI) accelerators and CUDA-Q platform connect graphics processing units (GPUs) with quantum processors, and if history is anything to go by, further advances and innovation are virtually guaranteed. Unlike Rigetti, the stock has been successful this year, climbing 15.49% YTD and trading at $215.38 at the time of writing, all thanks to AI hype. Looking ahead, the company projects that global annual data center capital expenditures will reach $3 trillion to $4 trillion by 2030. Discover more Crypto Trading Bots Cryptocurrency Exchange Reviews Trade Crypto Now Of course, the investment case remains speculative since commercial quantum computing revenue is not yet a meaningful driver for the company, leaving its valuation largely dependent on AI ventures. Nonetheless, it is exactly that line of business that makes Nvidia a safer pick. That is, the tech giant does not have to wait for quantum breakthroughs to generate profit. Rather, it continues to grow by positioning itself as a leader in an already blooming industry, with quantum computing expected to further contribute to its growth down the line, not become the sole factor in its narrative. The bottom line. In short, Rigetti offers direct exposure to quantum hardware, backed by more than half a billion dollars in cash. On the other hand, Nvidia offers a hedge, set to profit from the hybrid quantum business once it arrives and from AI demand in the meantime. However, both picks come with their own risks, so due diligence is mandatory.

Yahoo Finance
Oct 28th, 2026
Rigetti falls 50% in 2026 and lags IonQ on accuracy and revenue despite $100M contract

Rigetti Computing (NASDAQ: RGTI) has fallen about 50% so far in 2026 and is down around 80% from its all-time high, set a year ago. A Motley Fool columnist says the quantum computing company is falling behind its peers. Rigetti recently won a $100 million contract under the CHIPS Act to work with the US Department of Defense. The deal should help fund operations for a while. Accuracy is its main weakness. Its 108-qubit system has a two-qubit gate fidelity of 99.1%, or about nine errors in every 1,000 calculations. IonQ (NYSE: IONQ) expects to launch a 256-qubit computer in 2027 with 99.99% accuracy. IonQ also leads on revenue, with $80 million in the second quarter against Rigetti's $5 million.

Yahoo Finance
Oct 14th, 2026
BigBear.ai vs Rigetti: why the $127.7M-revenue AI firm beats the quantum stock for 2026

A Motley Fool comparison of BigBear.ai and Rigetti Computing favours BigBear.ai, though it calls neither stock a comfortable pick. BigBear.ai's 2025 revenue fell 19.3% to nearly $127.7 million, with a net loss of about $293.9 million. US government entities made up nearly 51% of its revenue. Rigetti's revenue fell 34.3% to nearly $7.1 million, with a net loss of about $216.2 million. Public sector contracts made up nearly 90.2% of its revenue. BigBear.ai trades at 8.7 times sales, against 321.9 times for Rigetti. The author prefers BigBear.ai for its growing customer base, more than 20 new contracts, and expanding gross margins. Second-quarter 2026 revenue rose 13% year over year.

CONGRESS.NET
Sep 26th, 2026
IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) face off in A high-stakes Quantum computing survival race.

IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) face off in A high-stakes Quantum computing survival race. Quantum computing stocks have generated enormous investor excitement, but the underlying financials tell a more complicated story about long-term viability. Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and IonQ (IONQ) rank among the most closely watched names in the sector, with share prices surging dramatically over the past three years. Despite the enthusiasm, most of these companies still report lackluster sales figures, and rising operational costs continue to raise serious questions about their staying power. IonQ stands out most clearly from the pack, having reported second-quarter revenue of $80.1 million, representing a staggering 287% increase from the same period a year earlier. A portion of that dramatic revenue jump stems from IonQ's recent acquisition of SkyWater Technology, a chip foundry business, though organic sales are also trending upward independently. IonQ's management estimates that organic revenue alone will double for the full calendar year 2026, a milestone that would signal genuine commercial momentum beyond acquisition-driven growth. Total sales for IonQ, including both acquisitions and organic growth, are projected to reach an estimated $455 million this year, a figure that would dwarf its smaller rivals. With cash and cash equivalents of $3 billion on hand, IonQ faces little immediate risk of running short on capital needed to fund continued expansion and research. Rigetti Computing (RGTI) posted impressive second-quarter revenue growth of 185%, but the raw dollar figure of just $5.1 million highlights how early-stage the company's commercial operations remain. Rigetti's CEO Subodh Kulkarni acknowledged the situation plainly, stating that "commercial revenue remains early" and suggesting it could be several more years before the technology reaches meaningful commercial scale. On the positive side, Rigetti is entirely debt-free and holds $541 million in cash reserves, giving the company a reasonable runway to continue developing its technology without immediate financial pressure. Rigetti also recently expanded its collaboration with Hewlett-Packard and the Pittsburgh Supercomputing Center, a partnership that could help accelerate its technical progress and market credibility. D-Wave Quantum (QBTS) delivered one of the more eye-catching data points in the sector, with bookings surging 1,120% in the second quarter to reach $35.5 million. That extraordinary bookings growth signals strong and growing customer interest in D-Wave's products and services, though converting that interest into recognized revenue has proven more difficult. Taken together, IonQ's combination of rapidly growing sales, a massive cash position, and expanding acquisition strategy makes it the most credibly positioned of the three for long-term survival.

Yahoo Finance
Sep 25th, 2026
IonQ's NVIDIA quantum tie-up puts spotlight on Rigetti's $13.35M revenue base and government contracts

IonQ announced it will deploy its Superion 256 quantum processor at NVIDIA's Accelerated Quantum Research Center, highlighting integration between quantum and AI infrastructure. The move has drawn attention to competitor Rigetti Computing. Rigetti's investment case centres on early quantum hardware adoption backed by government and research customers. The company generated $13.35 million in annual revenue but remains unprofitable. Analysts note the IonQ-NVIDIA partnership reinforces Rigetti's existing thesis rather than creating new near-term catalysts. Key drivers include CHIPS Act milestone execution and ramping deployments of its Cepheus and Novera systems. Community fair value estimates for Rigetti range widely from below $1 to $40 per share. The company carries a Zacks Rank of 5, reflecting valuation concerns alongside recent share price volatility and insider selling.

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