PPhasecraft designs quantum algorithms that reduce the hardware needed to solve hard problems, aiming to move closer to quantum advantage by lowering qubit counts and circuit depth. It tests and refines its algorithms with leading hardware partners such as Google, IBM, Rigetti, Quantinuum and QuEra to co-develop solutions for enterprise clients in fields like materials science, pharmaceuticals and telecommunications. A notable product is THRIFT, an algorithm that speeds up dynamic quantum simulations by about 10x, enabling larger and longer-running runs on near-term quantum processors. Their goal is to bridge the gap between current quantum hardware limits and future fault-tolerant machines by providing practical, hardware-efficient quantum software and intellectual property through collaborations and IP development.
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Company Size
51-200
Company Stage
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Total Funding
$59.9M
Headquarters
London, United Kingdom
Founded
2018
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Phasecraft: the UK and US-based quantum algorithms company accelerating practical quantum advantage for real-world materials and optimization challenges.
Phasecraft establishes U.S. Headquarters in Arlington, Virginia to accelerate government and defense quantum software partnerships. Quantum software company Phasecraft has selected Arlington County, Virginia (Ballston) as the location for its official United States headquarters. Supported by the Virginia Economic Development Partnership (VEDP) and state funding through the Virginia Jobs Investment Program (VJIP), the expansion establishes a direct operational base in the Washington, D.C. metropolitan area to scale Phasecraft's U.S. workforce and expand algorithm development across federal defense, energy, and commercial sectors. The U.S. expansion builds on Phasecraft's growing engagements across federal research agencies. Earlier in 2026, the company joined the Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI) program to provide verification, validation, and benchmarking of fault-tolerant algorithm utility. Additionally, Phasecraft was selected by the Advanced Research Projects Agency-Energy (ARPA-E) under the Quantum Computing for Computational Chemistry program to engineer optimized quantum algorithms for simulating advanced catalytic materials for energy applications. The Arlington hub positions Phasecraft alongside key federal stakeholders, industrial collaborators, and defense-tech ecosystems. The expansion allows the company to accelerate deployment of its proprietary quantum software algorithms - optimized to minimize gate depth and qubit overheads for near-term and early fault-tolerant quantum processors - while deepening cross-stack integrations across U.S. government agencies and enterprise partners. September 21, 2026
Phasecraft to establish U.S. Headquarters in Arlington, Virginia. Insider Brief * Phasecraft plans to establish its U.S. headquarters in Arlington County, Virginia, with a $113,000 investment expected to create 19 new jobs. * The quantum algorithms company will use the Virginia office to expand its work with industry and government stakeholders and access the region's research and technology ecosystem. * Phasecraft's U.S. expansion follows partnerships with DARPA's Quantum Benchmarking Initiative and ARPA-E's Quantum Computing for Computational Chemistry program. PRESS RELEASE - Governor Abigail Spanberger today announced that Phasecraft - a leading quantum algorithms company - plans to create 19 new jobs through a $113,000 investment in Arlington County. Founded by researchers from the United Kingdom's quantum science community, Phasecraft develops algorithms for quantum computers. Their solutions have applications in pioneering areas including materials simulation, chemical reaction modeling, and optimization, aiming to bridge the gap between theoretical quantum computing and tangible industrial applications. "Virginia continues to grow as a global hub for cutting-edge companies and groundbreaking technologies," said Governor Abigail Spanberger. "I'm thrilled to welcome Phasecraft to the Commonwealth and look forward to seeing all they accomplish as they grow and build on Virginia's world-class innovation ecosystem. This investment will create new high-tech jobs, attract other leading companies to Virginia, and strengthen the Commonwealth's growing role in bringing next-generation technologies to market." Governor Spanberger recently celebrated Virginia's rise to #3 in CNBC's "America's Top States for Business" rankings, reflecting a strong business climate that continues to attract high-caliber companies to the Commonwealth. Since taking office, Governor Spanberger has announced more than $5 billion in new business investment and more than 3,200 new jobs across the Commonwealth. Governor Spanberger also recently returned from her first international trade mission, where she met with global business leaders to strengthen Virginia's trade relationships and position the Commonwealth for future investment. "Quantum computing has the potential to transform industries from energy to advanced materials, and Phasecraft's work sits at the center of that opportunity," said Secretary of Commerce and Trade Carrie Chenery. "By choosing Northern Virginia to anchor its U.S. footprint, Phasecraft gains access to the talent, federal partners, research assets, and customer base needed to scale cutting-edge technology from breakthrough science into practical solutions." "Phasecraft's new Arlington HQ represents a significant milestone for the company. As our work with agencies across the U.S. government and the private sector continues to grow, so too will our American work force," said Phasecraft Cofounder and CEO Ashley Montanaro. "We're thrilled to now call Virginia home as the company continues to grow rapidly." Through the establishment of its Virginia office, Phasecraft aims to reach new clients and benefit from proximity to stakeholders in industry and government. The company cited Virginia's skilled workforce, world-class research universities, and strategic location as key decision factors in this investment. Phasecraft's new office and continued U.S. expansion follows their growing partnerships across the federal government and agencies. Earlier this year, Phasecraft announced the company joined the Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative (QBI) program to help answer the question "Is utility-scale quantum computing possible by 2033?" As part of QBI, Phasecraft will leverage its proprietary software and algorithms to inform verification and validation efforts. Around the same time, the Advanced Research Projects Agency-Energy announced that Phasecraft was selected for their Quantum Computing for Computational Chemistry program, to develop highly optimized quantum algorithms for simulating and discovering new advanced catalysts for use in the energy sector. "Arlington County welcomes British quantum computing company Phasecraft, which has selected Ballston for their U.S. Headquarters," said Arlington County Board Chairman Matt de Ferranti. "Phasecraft will join a growing number of international companies that have recently made Arlington their home due to direct access to unique assets like specialized talent, key federal agencies, and strong transit infrastructure." "I am delighted to welcome Phasecraft's new U.S. Headquarters to Arlington County," said Senator Barbara A. Favola. "This expansion reflects the strategic investments by Arlington and the Commonwealth in building a talented workforce and creating an environment where businesses can grow and succeed. From our top-notch public education system and multi-modal transportation network to our commitment to lifelong learning, Arlington offers the infrastructure and quality of life that enables businesses and residents to thrive. I look forward to seeing Phasecraft call Arlington home and play an important role in protecting our national security." "We welcome Phasecraft's arrival in Arlington," said Delegate Patrick Hope. "With their groundbreaking work in developing quantum algorithms for real-world advantage, they are a perfect fit for the region's vibrant tech ecosystem. Arlington continues to prove itself as a premier destination for next-generation technology and innovation." The Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia and will support Phasecraft's job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state funded, demonstrating Virginia's commitment to enhancing job opportunities for citizens. Mohib ur rehman. Covering quantum and emerging technologies, Mohib explores the intersection of technology, security, and society. His work also frequently examines surveillance infrastructure and the institutions shaping the digital world. In addition to his work at The Quantum Insider, he co-runs SK NEXUS, an independent technology publication that helps readers understand the technologies shaping their lives. Stay Ahead of Quantum Get the latest research, company news, and market intelligence every week. MENTIONED IN THE ARTICLE More in Research
Phasecraft and NVIDIA report 15x speedup in quantum simulations. Insider Brief * Phasecraft and NVIDIA are combining hardware-adaptive quantum algorithms with NVIDIA accelerated computing to develop applications for fault-tolerant quantum computing. * Under the Wellcome Leap Q4Bio program, the companies generated more than 3,000 VQE molecular emulations across 13 molecular systems and achieved a reported 15x simulation speedup over prior results. * The work used NVIDIA Hopper hardware and cuQuantum to run VQE simulations across 4-to-32 qubit systems, producing data intended to support quantum-enhanced molecular modeling and drug discovery research. PRESS RELEASE - Phasecraft, the world's leading quantum algorithms company, today announced that the company is bringing together Phasecraft's hardware-adaptive ultra-efficient quantum algorithms with NVIDIA AI infrastructure to accelerate the path to fault-tolerant quantum computing. In promising results from an initial collaboration under the Wellcome Leap Q4Bio programme, the companies generated the largest-known Variational Quantum Eigensolver (VQE) emulated molecular database, consisting of over 3,000 unique emulations across 13 molecular systems. This data-set provides a training foundation for quantum-enhanced molecular modeling, which could accelerate drug discovery at a scale previously out of reach, as quantum hardware develops. Simultaneously, a 15x simulation speedup was achieved over prior results when modeling physical, many-body systems integral to biology and health applications. "To make good on the promise of quantum computing, we need to push the limits of today's most capable hardware, both conventional and quantum," said Ashley Montanaro, Co-Founder and CEO of Phasecraft. "We're thrilled to work with NVIDIA and excited by the impressive hybrid computing results produced to date. As quantum computing hardware continues to improve, these kinds of partnerships enable the industry to drive towards quantum applications in health and life sciences and beyond that will meaningfully improve people's lives." "Developing new and more efficient applications is one of the most effective ways to shorten the timeline and expand the possibilities for useful quantum computing," said Sam Stanwyck, Director of quantum product at NVIDIA. "This work with Phasecraft shows the huge advances that can be made when the world's leading researchers have access to state-of-the-art accelerated computing." Wellcome Leap Q4Bio Programme. The companies collaborated as part of the Wellcome Leap Quantum for Bio (Q4Bio) Programme, which sought to answer the question, "What if we could develop new algorithms that deliver quantum advantage for health?" As part of the project, NVIDIA Hopper Architecture was hosted at the University of Nottingham, on which Phasecraft ran large-scale VQE emulations - a hybrid classical-quantum algorithm used to find the ground state of a physical system or molecule. Phasecraft utilized the NVIDIA cuQuantum software developer kit to pair these VQE emulations with training from Phasecraft's proprietary quantum-enhanced Density Functional Theory (DFT) functionals, the computational modeling method used to calculate the electronic structure of many-body systems like molecules, atoms, and condensed matter. By deploying cuQuantum to scale the simulations across the 4-to-32 qubit range, with the vast majority in the 24-28 qubit regime the combined framework achieved a landmark 15x performance leap over prior results when modeling physical, many-body systems. The resulting dataset directly enables more accurate DFT functional training, significantly improving the precision of molecular simulations and providing a scalable path to real-world impact in drug design. Mohib ur rehman. Covering quantum and emerging technologies, Mohib explores the intersection of technology, security, and society. His work also frequently examines surveillance infrastructure and the institutions shaping the digital world. In addition to his work at The Quantum Insider, he co-runs SK NEXUS, an independent technology publication that helps readers understand the technologies shaping their lives. Stay Ahead of Quantum Get the latest research, company news, and market intelligence every week. MENTIONED IN THE ARTICLE More in Research
Phasecraft tapped by ARPA-E to develop and apply quantum algorithms for catalyst discovery. June 16, 2026, 11:00 GMT Project aims to reduce reliance on iridium and other critical minerals WASHINGTON, DC, UNITED STATES, June 16, 2026 / EINPresswire.com / - Phasecraft, the world's leading quantum algorithms company, today announced it has secured an award with the U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) to begin work under the Quantum Computing for Computational Chemistry (QC3) program. QC3 aims to accelerate energy innovation by supporting the development and application of quantum computing approaches to chemistry and materials science problems that lie beyond the reach of classical computers. The Collaboration Under the ~4.5M USD contract, Phasecraft will develop highly optimised quantum algorithms to simulate and discover novel catalysts for use in the energy sector. The project will aim to reduce the current reliance on critical minerals, in particular platinum group metals like iridium, that are used in catalysis. The initial focus is low-cost hydrogen production, with insights expected to apply across syngas production, petroleum refining, metallurgy, and other industrial sectors whose economics depend on the chemistry of catalysts. To complete this project, Phasecraft will partner with Johnson Matthey, Harvard, and QuEra. The approach builds on Phasecraft's published work in quantum materials simulation, where the company's algorithms have achieved efficiency improvements of up to 43,000,000x over previous quantum methods. "Quantum computing is no longer a distant promise. It's a working technology, and the question now is which problems it gets pointed at first," said Ashley Montanaro, Co-Founder and CEO of Phasecraft. "As industry and governments work together to realize the full promise of quantum computing, we are grateful that ARPA-E has chosen Phasecraft to help solve this critical set of problems on a meaningful timescale." "Hardware-adaptive quantum algorithms hold immense promise for priority problem sets across the U.S. government broadly, and the Department of Energy specifically," said Steve Flammia, Principal Quantum Scientist and head of Phasecraft US. "Cutting the iridium requirement in industrial electrolysis would meaningfully change the economics of hydrogen fuel and a wider class of catalytic processes that underpin energy security. Delivering significant quantum speed ups with hardware-adaptive algorithms could help shape iridium requirements in a matter of years, not decades." QC3 is part of a broader U.S. government effort to convert quantum computing's technical promise into competitive advantage in energy, the economy, and national security. The areas the program targets - superconducting transmission lines, advanced batteries, rare-earth-free magnets, and new catalysts for fuel production - sit at the foundations of a more secure and affordable American energy system. Algorithms designed to generate useful results from the imperfect quantum hardware available today, rather than from a future generation of machines, are central to delivering on that timeline. Phasecraft has a demonstrated track record of building ultra-efficient, hardware-adaptive algorithms that make practical quantum applications viable in the near-term and provide massive speed ups over the classical state of the art. Meredith Bell - [email protected] About Phasecraft Phasecraft is the UK and US-based quantum algorithms company whose mission is to accelerate the practical application of quantum computing by redesigning quantum algorithms for the imperfect quantum computers of today. Phasecraft was founded in 2019 by Toby Cubitt, Ashley Montanaro, and John Morton, expert quantum scientists who have spent decades leading top research teams at UCL and the University of Bristol. Phasecraft works in partnership with leading quantum hardware companies, including Google, IBM, Quantinuum, and QuEra, academic and industry leaders, to develop high-efficiency algorithms to move quantum computing from experimental demonstrations to useful applications. Learn more: www.phasecraft.io Antonella Scimemi Burlington PR email us here Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. You just read: June 16, 2026, 11:00 GMT Distribution channels: EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. The content above is the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above. Antonella Scimemi Burlington PR
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Industries
Company Size
51-200
Company Stage
Grant
Total Funding
$59.9M
Headquarters
London, United Kingdom
Founded
2018
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs