Full-Time
Designs hardware-efficient quantum algorithms
$150k - $210k/yr
Washington, DC, USA
Hybrid
PhD
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Phasecraft designs quantum algorithms that lower the number of qubits and the depth of quantum circuits needed to solve complex problems. Its algorithms are tested and refined through partnerships with leading hardware providers like Google, IBM, Rigetti, Quantinuum and QuEra, so they work on real processors. The company focuses on near-term quantum computers to enable larger and longer-running simulations in areas such as materials science, chemistry and network optimization. Its goal is to bridge the gap between today’s noisy devices and fault-tolerant quantum machines by delivering practical, hardware-efficient quantum software and related IP.
Company Size
51-200
Company Stage
Grant
Total Funding
$59.9M
Headquarters
London, United Kingdom
Founded
2018
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Flexible Work Hours
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
Atom Computing and Phasecraft partner to advance utility-scale quantum applications. June 15, 2026 Press play to listen to this content BOULDER, Colo. and LONDON, June 15, 2026 - Atom Computing and quantum algorithms company Phasecraft today announced the signing of a Memorandum of Understanding (MOU) to explore how application-focused algorithms can be used to benchmark progress toward utility-scale quantum computers. Through this MOU, the companies will collaborate on accelerating the delivery and adoption of quantum solutions in key application areas, such as the development of materials for batteries and photovoltaics. Through adapting Phasecraft's advanced algorithms and software to Atom Computing's neutral-atom quantum computing hardware, the collaboration aims to accelerate the path towards useful applications in materials science and energy. Atom Computing continues to lead the quantum computing industry through its pioneering work in neutral-atom quantum technology. The company recently demonstrated a breakthrough in quantum error correction using toric code and announced a $100 million Letter of Intent with the U.S. Department of Commerce. Atom Computing is also deploying the world's first commercial quantum computer with logical qubits and performing in Stage B of DARPA's Quantum Benchmarking Initiative (QBI), where it is demonstrating its pathway to utility-scale quantum computing. Phasecraft is the leading UK and US-based quantum algorithms company, developing advanced quantum algorithms to solve real-world problems in materials discovery, chemistry, and optimization. Its focus is on making quantum computing practical today by designing software that works with existing imperfect hardware, bridging the gap between current technology and future large-scale quantum systems. "Unlocking the true commercial potential of quantum computing requires a tight synergy between breakthrough hardware and hardware-optimized software," said Dr. Ben Bloom, CEO and Founder of Atom Computing. "By fine-tuning Phasecraft's industry-leading algorithmic methods to our neutral-atom architecture, we can pave the way for a new generation of commercial applications in materials science and sustainable technology." "We are excited to collaborate with Atom Computing to advance quantum applications in material science," said Prof. Ashley Montanaro, CEO and Co-Founder of Phasecraft. "Real-world quantum utility will come from combining advances in hardware with equally powerful advances in algorithms. By bringing together Atom's scalable quantum computing platform and our hardware-adaptive algorithms, we can accelerate progress towards applications in energy storage, solar technology, and advanced materials." By aligning cutting-edge neutral-atom quantum computers with purpose-built quantum software, this collaboration represents a decisive step toward realizing quantum advantage in critical industries and accelerating innovation across the global energy and materials landscape. About Atom Computing Atom Computing is developing large-scale quantum computers to enable companies and researchers to achieve unprecedented computational breakthroughs. Utilizing highly scalable arrays of optically trapped neutral atoms, the company has developed systems with over 1,200 qubits, featuring advanced capabilities towards fault-tolerant quantum computing. Atom Computing's on-premises systems provide customers with new computational tools and logical qubit capabilities to address increasingly complex applications and to grow their quantum ecosystem. In 2025 Atom Computing sold its first commercial on-premises quantum computer to QuNorth, a Nordic quantum initiative funded by EIFO and Novo Nordisk Foundation. Learn more at atom-computing.com. About Phasecraft Phasecraft is the 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. 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Bristol-based quantum algorithms company Phasecraft has been named a finalist in the $5 million XPRIZE Quantum Applications challenge, backed by Google Quantum AI and the Geneva Science and Diplomacy Anticipator. The competition, launched in March 2024, seeks quantum computing algorithms for real-world applications. Phasecraft, backed by Plural, is one of seven finalists selected from over 800 applicants. The company proposed two algorithms for computing material properties more accurately, enhancing classical algorithms and enabling direct computation on quantum computers. The announcement follows Phasecraft's £25 million Series B funding round led by Plural in September, bringing its total funding to $50 million. Chief technology and science officer Prof Toby Cubitt described the selection as recognition of the company's work in quantum simulation for materials discovery.
Phasecraft raises $34 million from Plural, Playground Global and Novo Holdings.
Phasecraft raises $34 million from Plural, Playground Global, and Novo Holdings.