5 years ago

Phasecraft Raises £3.7 Million to Accelerate Quantum Computing Supremacy

  • Phasecraft, a UK-based quantum computing startup, has raised £3.7 million in seed funding led by LocalGlobe, with participation from Episode 1

  • The company, founded by academics at the University of Bristol and UCL, aims to achieve quantum computing supremacy by developing algorithms that significantly reduce the level of quantum computing power needed to run calculations

  • Phasecraft has established partnerships with leading quantum hardware companies, including Google and Rigetti, industry partners, such as Johnson Matthey, and leading academics to bridge the gulf between hardware and applications, speeding up the quantum computing timeline.

      • ProblemTechnology

      "Quantum computers are expensive and difficult to build, and they are not yet powerful enough to solve real-world problems. This is because quantum computers are very sensitive to noise and errors, which can make them unreliable. Phasecraft is trying to solve the problem of making quantum computers more reliable and efficient so that they can be used to solve real-world problems."

      Solution

      "Phasecraft is developing new algorithms and software that can be used to run quantum computers more efficiently. This will make quantum computers more reliable and powerful, and it will allow them to be used to solve real-world problems. Phasecraft is also working with leading quantum hardware companies to develop new quantum computers that are more powerful and reliable."

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