Rigetti has closed a $79 million Series C funding round

Rigetti Computing Logo

Rigetti Computing, the quantum computing startup that is challenging industry heavyweights like IBM, Microsoft and D-Wave, announced this week that it has closed a $79 million Series C funding round.

The round was led by Bessemer Venture Partners, with participation from Franklin Templeton, Alumni Ventures Group, DCVC, EDBI, Morpheus Ventures and Northgate Capital.

The company also recently won an $8.6 million DARPA award to build a quantum computer that outperforms classical computers.