Spun out of University College London and the University of Bristol, quantum tech start-up Phasecraft is in the race to realise the advantages of quantum. Already claiming its quantum algorithms are primed for the imperfect quantum computers of today, the UK start-up has bagged itself £13 million in Series A funding to keep its nose out in front while further developing its quantum algorithms ‘to the point of practical quantum advantage – when quantum computers outperform classical computers for useful real-world applications like developing new materials’.
The start-up was founded in 2019 by Professors Ashley Montanaro (CEO), Toby Cubitt (CTO and Chief Science Officer) and John Morton, bringing twenty years of quantum computing research to the table.