Phasecraft, a London and Bristol-based startup creating algorithms that can already work on today’s imperfect quantum computers has raised £13 million in Series A fund.
Helsinki-basedis innovating in the quantum programming space. The company has launched a drug discovery platform that combines the results of a quantum computation with classical algorithms.
“Take, for instance, a new material discovery that will enable the clean energy transition,” said Montanaro. “We’ve developed a software pipeline that delivers an improvement of one million times or more in modeling real materials in a more efficient way for today’s quantum computers.” Montanaro says quantum computers are still a few years away from impacting the consumer, but once the world can speed up material development, this will have a marked impact on clean energy and could change how the world is powered, which will change lives. “For example, quantum computing could enable the development of higher-performance battery cathodes, allowing longer-range electric cars or higher-efficiency solar cells,” said Montanaro.
“The first step is to get to a quantum advantage,” said Montanaro. “We’re continuing to work on this, and we expect to support the discovery of novel materials for the clean energy transition in the future.”
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