Key Points The quantum computing company recently announced a big technological achievement.In a press release, Rigetti said its 36-qubit system had achieved a 99.5% median 2-qubit gate fidelity.10 stocks we like better than Rigetti Computing › Since the close of trading last week,

The California-based firm said it has achieved a major milestone and teased more news to come. Here's what to know.

Following the raise, Rigetti now holds around $575 million in liquid assets and carries no outstanding debt. The infusion is expected to accelerate development and scale-up efforts, as well as support potential future collaborations or acquisitions.