Phasecraft Secures $34M: Quantum Computing Nears Real-World Impact
September 3, 2025, 3:38 am
Location: United States, Massachusetts, Boston
Employees: 11-50
Founded date: 2018
Total raised: $230M
Location: United States, California, Palo Alto
Employees: 51-200
Founded date: 2015
Location: Denmark, Capital Region of Denmark, Gentofte Municipality
Employees: 51-200
Founded date: 1999
Quantum algorithms leader Phasecraft secured $34 million in Series B funding on September 2, 2025. This significant investment rapidly advances quantum computing from theoretical concepts to practical, real-world applications. Phasecraft excels with ultra-efficient, hardware-agnostic algorithms. These innovative solutions enable current noisy quantum devices to tackle complex challenges today. The company focuses on critical areas like material science, accelerating drug development, and optimizing global energy networks. Co-led by Plural, Playground Global, and Novo Holdings’ Quantum Fund, the capital fuels intensive R&D and expands industrial partnerships. Phasecraft is actively delivering tangible quantum advantage, cementing its role in the quantum revolution. Total funding, including grants, now surpasses $50 million, driving crucial scientific and commercial breakthroughs. This propels a new era of innovation.
Phasecraft leads the charge in quantum algorithm development. The company recently secured a significant $34 million Series B funding round. This vital capital propels its mission. Quantum computing moves from theory to tangible solutions. The investment reinforces Phasecraft's position. It drives innovation across critical industries.
The core of Phasecraft's breakthrough lies in its unique algorithms. These are ultra-efficient. They are hardware-agnostic. This design ensures broad compatibility. It maximizes impact across various quantum platforms. The company does not wait for perfect quantum hardware. Instead, it focuses on today’s Noisy Intermediate Scale Quantum (NISQ) devices. Its approach uses quantum computing as a partner. It pairs with standard computing. This hybrid strategy overcomes current limitations. It unlocks previously inaccessible problems now. Quantum applications reach industry faster.
Phasecraft's work addresses pressing global challenges. Its impact spans multiple sectors. In material science, the company revolutionizes simulation. Algorithms make material simulations millions of times more efficient. This accelerates discovery. It aids in designing new solar cells. Catalysts benefit. Advanced medicines emerge quicker. Phasecraft moves from discovery to design. This ushers in a new era for chemistry and materials.
Biological research sees similar gains. Phasecraft applies quantum computing to biochemical processes. This is crucial for drug development. It targets genetic conditions. Quantum methods offer tremendous potential. Molecular simulation predicts drug efficacy. It optimizes drug design. This accelerates R&D timelines. Decades shrink to years. Potential for healthcare breakthroughs is immense. Millions of lives could benefit.
Energy resilience also receives a boost. Phasecraft optimizes energy networks. Quantum methods improve efficiency. They enhance sustainability. Large energy networks benefit from optimized structures. The UK’s National Energy System Operator (NESO) is a key partner. These efforts secure vital infrastructure.
Strategic partnerships strengthen Phasecraft's capabilities. The company collaborates with top hardware providers. Google Quantum AI, IBM, Quantinuum, and QuEra are key allies. These partnerships accelerate algorithm refinement. They push towards practical quantum advantage. End-users also benefit directly. Phasecraft works with Johnson Matthey for specialty materials. Oxford PV leverages quantum for solar cells. Leading telecommunications provider BT also partners with Phasecraft. These collaborations build real-world solutions.
The $34 million funding round elevates total capital raised. Over $50 million now powers Phasecraft. This includes previous grant funding. The Series B round was co-led by prominent investors. Plural, Playground Global, and Novo Holdings spearhead the investment. Playground Global is an existing backer. Novo Holdings' Quantum Fund made its first direct quantum software investment. This signals strong confidence in Phasecraft's vision. Additional participation came from existing investors. AlbionVC, Latitude, and Parkwalk Advisors also contributed. These visionary investors back Phasecraft's mission. They accelerate quantum advantage globally.
Phasecraft's leadership stems from its world-class team. Co-founders Professors Toby Cubitt, Ashley Montanaro, and John Morton possess deep expertise. They boast decades leading top research teams. Their backgrounds include UCL and the University of Bristol. The team features leaders from AWS, Johnson Matthey, and Goldman Sachs. This assembled talent drives innovation. Phasecraft expanded its global reach. A Washington D.C. office opened last year. Professor Steve Flammia leads quantum R&D there. This expansion solidifies its leadership.
The company plans to double down on R&D breakthroughs. Industrial efforts will expand. Real-world solutions will continue to emerge. Phasecraft revolutionizes the quantum landscape. Its hardware-agnostic approach empowers millions-fold efficiencies. It solves critical problems. Material discovery and energy network optimization are prime examples. Major tech companies recognize Phasecraft’s impact. Google and IBM see it as a path to accelerate their own device capabilities.
Phasecraft bridges the gap. It transforms quantum computing's theoretical promise. It creates tangible commercial reality. Today's noisy devices yield meaningful results. Tomorrow's fault-tolerant computers are a future goal. Phasecraft unlocks quantum advantage across diverse industries now. Its work demonstrates practical utility. Complex optimization problems, previously taking millennia for classical computers, are now within reach. Phasecraft makes quantum computing practically useful. It tackles humanity's greatest challenges.
Phasecraft leads the charge in quantum algorithm development. The company recently secured a significant $34 million Series B funding round. This vital capital propels its mission. Quantum computing moves from theory to tangible solutions. The investment reinforces Phasecraft's position. It drives innovation across critical industries.
The core of Phasecraft's breakthrough lies in its unique algorithms. These are ultra-efficient. They are hardware-agnostic. This design ensures broad compatibility. It maximizes impact across various quantum platforms. The company does not wait for perfect quantum hardware. Instead, it focuses on today’s Noisy Intermediate Scale Quantum (NISQ) devices. Its approach uses quantum computing as a partner. It pairs with standard computing. This hybrid strategy overcomes current limitations. It unlocks previously inaccessible problems now. Quantum applications reach industry faster.
Phasecraft's work addresses pressing global challenges. Its impact spans multiple sectors. In material science, the company revolutionizes simulation. Algorithms make material simulations millions of times more efficient. This accelerates discovery. It aids in designing new solar cells. Catalysts benefit. Advanced medicines emerge quicker. Phasecraft moves from discovery to design. This ushers in a new era for chemistry and materials.
Biological research sees similar gains. Phasecraft applies quantum computing to biochemical processes. This is crucial for drug development. It targets genetic conditions. Quantum methods offer tremendous potential. Molecular simulation predicts drug efficacy. It optimizes drug design. This accelerates R&D timelines. Decades shrink to years. Potential for healthcare breakthroughs is immense. Millions of lives could benefit.
Energy resilience also receives a boost. Phasecraft optimizes energy networks. Quantum methods improve efficiency. They enhance sustainability. Large energy networks benefit from optimized structures. The UK’s National Energy System Operator (NESO) is a key partner. These efforts secure vital infrastructure.
Strategic partnerships strengthen Phasecraft's capabilities. The company collaborates with top hardware providers. Google Quantum AI, IBM, Quantinuum, and QuEra are key allies. These partnerships accelerate algorithm refinement. They push towards practical quantum advantage. End-users also benefit directly. Phasecraft works with Johnson Matthey for specialty materials. Oxford PV leverages quantum for solar cells. Leading telecommunications provider BT also partners with Phasecraft. These collaborations build real-world solutions.
The $34 million funding round elevates total capital raised. Over $50 million now powers Phasecraft. This includes previous grant funding. The Series B round was co-led by prominent investors. Plural, Playground Global, and Novo Holdings spearhead the investment. Playground Global is an existing backer. Novo Holdings' Quantum Fund made its first direct quantum software investment. This signals strong confidence in Phasecraft's vision. Additional participation came from existing investors. AlbionVC, Latitude, and Parkwalk Advisors also contributed. These visionary investors back Phasecraft's mission. They accelerate quantum advantage globally.
Phasecraft's leadership stems from its world-class team. Co-founders Professors Toby Cubitt, Ashley Montanaro, and John Morton possess deep expertise. They boast decades leading top research teams. Their backgrounds include UCL and the University of Bristol. The team features leaders from AWS, Johnson Matthey, and Goldman Sachs. This assembled talent drives innovation. Phasecraft expanded its global reach. A Washington D.C. office opened last year. Professor Steve Flammia leads quantum R&D there. This expansion solidifies its leadership.
The company plans to double down on R&D breakthroughs. Industrial efforts will expand. Real-world solutions will continue to emerge. Phasecraft revolutionizes the quantum landscape. Its hardware-agnostic approach empowers millions-fold efficiencies. It solves critical problems. Material discovery and energy network optimization are prime examples. Major tech companies recognize Phasecraft’s impact. Google and IBM see it as a path to accelerate their own device capabilities.
Phasecraft bridges the gap. It transforms quantum computing's theoretical promise. It creates tangible commercial reality. Today's noisy devices yield meaningful results. Tomorrow's fault-tolerant computers are a future goal. Phasecraft unlocks quantum advantage across diverse industries now. Its work demonstrates practical utility. Complex optimization problems, previously taking millennia for classical computers, are now within reach. Phasecraft makes quantum computing practically useful. It tackles humanity's greatest challenges.