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Phasecraft Secures £25M to Boost Quantum Computing Innovations

9/3/2025

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Summary

Story summary

Phasecraft has raised £25 million in Series B funding, co-led by Plural and Novo Holdings, to advance quantum algorithms.
The company partners with Google and IBM to develop hardware-agnostic algorithms for achieving "quantum advantage."
Its innovations aim to benefit sectors such as materials science, biological research, and energy optimization.
Phasecraft has increased R&D efforts, opening a new office in Washington, D.C., to enhance its quantum computing initiatives.

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Story summary

Phasecraft has raised £25 million in Series B funding, co-led by Plural and Novo Holdings, to advance quantum algorithms.
The company partners with Google and IBM to develop hardware-agnostic algorithms for achieving "quantum advantage."
Its innovations aim to benefit sectors such as materials science, biological research, and energy optimization.
Phasecraft has increased R&D efforts, opening a new office in Washington, D.C., to enhance its quantum computing initiatives.