Rigetti Computing, Inc..
RGTI.US | Computer programming activities
Rigetti Computing, Inc. is a quantum computing company that designs and manufactures superconducting quantum processors. They also develop software and cloud services to enable access to their quantum computers. The company focuses on building and deploying quantum computing systems for various appl...Show More
Better Health for All
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Rigetti Computing's core products and services, which include quantum computing systems, software, and cloud services, are being developed for applications in drug discovery and medical imaging, with the potential to improve breast cancer and pneumonia identification.
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However, widespread commercial use of these applications is still years away, and the current impact is primarily at the research and proof-of-concept stage.
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Therefore, the net health effect of the firm's principal goods or services is currently neutral. The company's quantum computing technology also presents a potential for data breaches, but there is no specific evidence regarding Rigetti's current data protection measures or any breaches, leading to a neutral score for healthcare data responsibility.
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Fair Money & Economic Opportunity
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Rigetti Computing, Inc. is a quantum computing company that designs and manufactures processors and develops software and cloud services.
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Its core business does not involve offering lending or deposit services, consumer credit products, or financial products to consumers.
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Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, financial inclusion initiatives, customer financial data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives for consumers, debt burden ratio, geographic inclusion for banking services, and financial product simplicity, are not applicable to the company's operations.
Fair Pay & Worker Respect
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No specific, concrete data points were found in the provided articles to assess Rigetti Computing, Inc. against any of the KPIs for Fair Pay & Worker Respect.
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The articles either contained no relevant information or were inaccessible, preventing any data extraction.
Fair Trade & Ethical Sourcing
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Rigetti Computing has adopted a policy expecting its business partners to determine if their products contain 3TG (tantalum, tin, and tungsten) and to implement supply chain due diligence processes.
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The company conducted Reasonable Country of Origin Inquiries (RCOI) for 3TG for the periods of January 1, 2023, to December 31, 2023, and January 1, 2024, to December 31, 2024.
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During these inquiries, Rigetti communicated with suppliers regarding Rule 13p-1 compliance, and most suppliers expressed a commitment to responsible mineral sourcing.
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However, Rigetti was unable to reasonably and reliably ascertain the source and chain of custody of all 3TG necessary for its products.
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The company also has a Third-Party Code of Conduct that explicitly prohibits child labor.
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No specific quantitative data was provided for any of the KPIs in the rubric.
Honest & Fair Business
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No evidence available to assess Rigetti Computing, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Rigetti Computing, Inc. on Kind to Animals.
No War, No Weapons
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Rigetti Computing has substantial defense contracts. In 2024, the company's total revenue was $10.79 million.
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It was granted a $5.48 million award from the Air Force Office of Scientific Research and a $5.8 million contract from the Air Force Research Laboratory (AFRL).
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Additionally, it was awarded a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract with the AFRL in September 2023.
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The combined value of the specific awards and contracts ($11.28 million) exceeds the company's total 2024 revenue, indicating that over 50% of its revenue is derived from defense contracts. The company's technology, including quantum integrated circuits, quantum-limited amplifiers, cryogenic microwave components, and quantum networking, is provided to the Air Force Research Lab and has potential dual-use applications for both civilian and military operations.
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Rigetti states it believes in responsible sourcing of minerals and conducting business with respect for human rights, and undertook a reasonable country of origin inquiry for 3TG minerals for the period January 1, 2024, to December 31, 2024.
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However, it was unable to reasonably and reliably ascertain the source and chain of custody for all 3TG, and some suppliers did not provide complete responses, meaning the company cannot reasonably determine if 3TG was present in their products or if procurement was from conflict zones.
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Planet-Friendly Business
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No specific, actionable data was found in the provided articles to assess Rigetti Computing, Inc. against the defined Planet-Friendly Business KPIs. Information regarding carbon emissions, renewable energy use, waste diversion, water management, environmental compliance, or climate-related targets and initiatives (beyond stated future targets) is not present. The articles primarily focus on financial performance, technological advancements, and general market analysis, without providing concrete, achieved environmental metrics.
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Respect for Cultures & Communities
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No specific, quantitative data points were found in the provided articles to assess Rigetti Computing, Inc. against any of the defined KPIs for 'Respect for Cultures & Communities'. The articles either contained no relevant information, general DEI ratings not applicable to specific KPIs, or explicitly stated a lack of sustainability data for the company.
Safe & Smart Tech
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Rigetti Computing has procedures to deal with actual or suspected personal data breaches, and its Audit Committee oversees technology security and data privacy programs.
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The company states it does not envisage using automated decision-making for significant impact on job applicants and would notify if this changes.
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Rigetti states it does not sell Personal Information or Sensitive Personal Information and takes steps to secure personal data from unauthorized access.
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Users can access or update their information if they have an account and opt-out of marketing communications.
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European users have specific rights including access, rectification, erasure, restriction, objection, and data portability.
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However, the company's online account authentication relies on a username and password, and stockholders use a 16-digit control number for virtual meetings, with no explicit mention of multi-factor authentication availability.
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Rigetti retains personal information for evaluation of employment, legal compliance, and defense against claims, normally within seven years or less for job applicants, and generally for the purposes for which it was collected for other users.
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The company aims to comply with applicable laws and regulations, including CPRA, HIPAA, FCRA, UK GDPR, Canadian, and Australian privacy legislation, and expects business partners to comply with these as well.
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The company has a compliance hotline and email for reporting violations.
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Zero Waste & Sustainable Products
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Rigetti Computing expects its employees to comply with all applicable environmental laws.
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The company is subject to environmental and safety regulations and environmental remediation matters.
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There is no evidence of any waste disposal violations or citations.