{"id":193201,"date":"2025-09-02T04:20:10","date_gmt":"2025-09-02T04:20:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/193201\/"},"modified":"2025-09-02T04:20:10","modified_gmt":"2025-09-02T04:20:10","slug":"phasecraft-secures-34m-to-accelerate-practical-quantum-computing-solutions","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/193201\/","title":{"rendered":"Phasecraft secures $34M to accelerate practical quantum computing solutions"},"content":{"rendered":"

Quantum algorithm company Phasecraft Ltd.<\/a> announced today that it has raised $34 million in new funding to accelerate its work to transform quantum computing\u2019s theoretical promise into practical applications.<\/p>\n

Founded in 2019, Phasecraft focuses on making quantum computing useful sooner by bridging the gap between today\u2019s noisy, intermediate-scale quantum devices and future large-scale systems. Differing from other firms that rely on the eventual arrival of fault-tolerant quantum computers, Phasecraft says, it\u2019s developing ultra-efficient algorithms that allow current imperfect machines to deliver meaningful results in real-world settings.<\/p>\n

Notably, the company doesn\u2019t focus on one platform or possible solution but instead takes a hardware-agnostic approach. Doing so, it says, delivers compatibility with multiple platforms and maximizes the chances of early commercial adoption.\u00a0It works across different industries where quantum computing has the potential to deliver a measurable impact, such as materials discovery, chemistry, energy systems and logistics optimization.<\/p>\n

Phasecraft methodology \u2014 pairing quantum devices with classical computing \u2014 delivers hybrid solutions that can simulate complex materials, optimize energy grids and even tackle problems in biological research. The algorithms are\u00a0already showing promise in making material simulations millions of times more efficient, which could accelerate the design of new solar cells, catalysts or medicines.<\/p>\n

The company works with various hardware providers, including Google LLC\u2019s Quantum AI, IBM Corp., Quantinuum Ltd. and QuEra Computing Inc., which allows it to test and refine its algorithms on advanced machines and push towards practical applications. Phasecraft also works with partners such as Johnson Matthey plc, Oxford Photovoltaics Ltd., National Energy System Operator Ltd. and BT Group plc to co-develop solutions tailored to their needs.<\/p>\n

The company\u2019s research-and-development approach draws on novel insights from theoretical physics, computer science and extensive numerical simulations. Areas of exploration include drug discovery, where quantum simulations could shorten the process of understanding molecular interactions and energy resilience, where optimized networks could improve efficiency and sustainability.<\/p>\n

\u201cOur algorithms are delivering meaningful results now, whether it\u2019s simulating the physics of complex materials or optimizing the structure of a large energy network, while our partnerships with the world\u2019s top quantum hardware providers increase the impact our algorithms will have for commercial applications,\u201d said co-founder and Chief Executive Ashley Montanaro.<\/p>\n

The Series B round was co-led by Plural Platform, Playground Global and Novo Holdings A\/S Quantum Fund, with LocalGlobe Management Ltd., Albion Capital Group LLP and Parkwalk Advisors Ltd. also participating.<\/p>\n

\u201cPhasecraft is revolutionizing the quantum landscape in ways that were previously thought impossible,\u201d said Ian Hogarth, a partner at Plural. \u201cIts hardware-agnostic approach means it\u2019s been able to work with several of the world\u2019s most powerful computing devices, creating algorithms that are more efficient by factors of millions and that are now helping to solve real-world problems like material discovery and the optimization of our energy networks.\u201d<\/p>\n

Image: Phasecraft<\/p>\n

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