The team is developing hardware-agnostic quantum algorithms for material discovery, chemistry applications, energy networks, and logistics optimization, providing quantum solutions suitable for adoption in the near future.
The company’s quantum-enhanced approach uses quantum computing as a partner to standard computing to overcome its limitations and enables today’s Noisy Intermediate Scale Quantum devices (NISQ) to tackle previously inaccessible problems, rather than waiting for perfect hardware. This brings quantum applications to industry sooner than anticipated. Phasecraft is already working with end-users such as specialty materials developer Johnson Matthey, solar cell developer Oxford PV, the UK’s National Energy System Operator (NESO), and leading telecommunications provider BT.
Ashley Montanaro, co-founder and CEO of Phasecraft, and Professor of Quantum Computation in the School of Mathematics at the University of Bristol, said: “We’re actively creating quantum advantage at Phasecraft. Our algorithms are delivering meaningful results now, whether it’s simulating the physics of complex materials or optimizing the structure of a large energy network, whilst our partnerships with the world’s top quantum hardware providers increase the impact our algorithms will have for commercial applications”.
Phasecraft’s funding success has attracted the attention of the media, including stories in The Times and Financial Times.