Phasecraft team
Phasecraft team Phasecraft, a start-up led by academics from UCL and the University of Bristol, has raised £13 million in a new funding round. Founded in 2019 by Professor Toby Cubitt (UCL Computer Science), Professor John Morton (London Centre for Nanotechnology at UCL) and Professor Ashley Montanaro of the University of Bristol, the company will use the funding to further develop 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. It aims to accelerate practical quantum advantage from decades to years away by improving the algorithms' computational efficiency, and thereby enabling these algorithms to run on the imperfect quantum computers of today. Phasecraft will be working in partnership with quantum hardware providers Google, IBM and Rigetti. The company's early focus is on applying these algorithmic improvements to the discovery of new materials important for the clean energy transition. Classical computing fails to capture many of these materials' fundamental features, meaning we rely on experimental discovery which can take decades. Quantum computing promises to accelerate the process by capturing these features computationally, thus reducing the number of experiments required and drastically increasing the variety of material combinations which can be tested for any given use case.
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