(EnterpriseTalk) UK-based quantum software company Phasecraft announced that it is the latest UK startup member of the IBM Quantum Network, a global community of more than 140 Fortune 500 companies, startups, academic institutions and research labs working to advance quantum computing and explore practical applications. Together, members of the Network and IBM Quantum teams are researching and exploring how quantum computing will help a variety of industries and disciplines, including finance, energy, chemistry, materials science, optimisation and machine learning, among many others.
Phasecraft works with leading quantum hardware providers to develop software algorithms optimised for near-term quantum devices. As a member of the IBM Quantum Network, Phasecraft can access IBM’s advanced quantum computers available via the cloud.
n addition to joining the IBM Quantum Network, Phasecraft works with quantum computing hardware providers including Google and Rigetti, and industry partners such as Johnson Matthey. Phasecraft is also leading the UK consortium’s software development component to build the first large-scale commercial quantum computer in the UK in Abingdon in Oxfordshire. Phasecraft also recently announced it had raised the largest seed funding round for a UK quantum computing startup.
Phasecraft founder, Toby Cubitt, commented, “We’re at the early days of quantum computing, testing the best applications and capabilities of quantum hardware. By working directly with leading quantum hardware providers like IBM, Phasecraft aims to bring forth the timeline for quantum advantage – where quantum computers solve practical problems that are too complex for classical computing systems.”