Company profile
Phasecraft Limited
Phasecraft | The Quantum Algorithms Company
Using disruptive theory to unlock the power of quantum computing
Latest accounts
Financial period: 1 Mar 2024 to 28 Feb 2025
Company events
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Published 02 Jul 2026 11:13
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Published 07 Oct 2024 02:19
Incorporated
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Company description
Phasecraft develops quantum software, with applications in modelling and simulations, allowing scientists to predict the outcomes of chemical reactions.
PhaseCraft is a quantum software company that aims to develop software for near-term quantum computers. The company was founded by Ashley Montanaro (University of Bristol), Toby Cubitt and John Morton (UCL).
Project impact
PhaseCraft was founded in 2018, completed its first investment round in early 2019, and employs 2 full-time staff, as well as supporting 3 PhD students. The company is currently focused on early-stage technology development.
Public funding
Projects
QUantum Algorithms to SImulate MAny-body Physics (QuASi-MaP)
1 Jan 2026 to 31 Dec 2028
Quantum computing holds great promise for simulating complex quantum many-body systems. This was identified already by Feynman in his 1982 speech at the very beginning of quantum computing as a research field. It remains the most promising application of quantum computing, both near-term and longer-term. The huge potential for large-scale quantum computer...
Quantum computing solutions for optimisation problems in Energy Grids
1 Jan 2024 to 31 Mar 2025
Nowadays, most people and businesses rely on a regular and reliable supply of energy for their day-to-day activities, making the energy grid a critical infrastructure for the country. Building and maintaining grid connections is a costly exercise: building an electric grid can cost up to £1.5m per km of line - costs that are ultimately borne by either the...
Feasibility of catalyst simulation on near-term quantum hardware
1 Sep 2023 to 28 Feb 2025
Quantum computers are expected to be able to solve hard computational challenges that are beyond the reach of our best standard supercomputers. After many years of research in both academia and industry, quantum computers are at the point of outperforming their standard ("classical") counterparts in certain specialised problems. One of the most exciting a...
Quantum computing solutions for optimisation problems in Energy Grids
1 Sep 2023 to 30 Nov 2023
Nowadays, most people and businesses rely on a regular and reliable supply of energy for their day-to-day activities, making the energy grid a critical infrastructure for the country. Building and maintaining grid connections is a costly exercise: building an electric grid can cost up to £1.5m per km of line - costs that are ultimately borne by either the...
Quantum computing for clean energy innovation
1 Sep 2023 to 30 Nov 2023
The 'Powering Up Britain' action plan launched in early 2023 by the UK government builds on the net zero strategy and sets clear directions for the country's green energy transition. Increased use of renewable energies sources and better energy storage capacities feature prominently in the action plan as key mechanisms to deliver Net Zero. However at the ...
Quantum computing for materials modelling applications in photovoltaics
1 Dec 2022 to 31 May 2024
Accurate simulation of complex materials yields useful insights, guiding experimental efforts and technological advancements. In photovoltaic applications, these can help to increase solar cell efficiency, their durability and manufacturability, key challenges in the industry. Designing novel materials for clean energy use, or even gaining a full understa...
Near-term quantum computing for solving hard industrial optimisation problems
1 Nov 2022 to 30 Apr 2024
Optimisation and constraint satisfaction problems are ubiquitous in industry, ranging from straightforward tasks such as arranging a timetable to exceptionally challenging ones such as laying out a telecommunications network or a high-performance integrated circuit. Problems like this are associated with the need to search over exponentially many potentia...
Making noisy quantum processors practical: from theory to applications
1 Mar 2021 to 29 Feb 2024
Quantum computers harness the strange features of quantum mechanical systems in order to solve computational problems that cannot be solved using current (classical) computing technology. The most well-known task where quantum computers outperform classical computers is factoring large numbers, which can be used for breaking encryption. Quantum computers ...
Quantum Computing Platform for NISQ Era Commercial Applications
1 Sep 2020 to 31 Aug 2023
Rigetti Computing, Oxford Instruments, Standard Chartered, Phasecraft, and the University of Edinburgh will collaborate to advance quantum computing in the UK. The team will address several key aspects of quantum computing including: 1) hardware, infrastructure, and supply chain; 2) accelerating industrial applications; and 3) developing the quantum ecosy...
Quantum computing for battery materials
1 May 2020 to 31 Jan 2022
Quantum computers are expected to be able to solve hard computational challenges that are beyond the reach of our best standard supercomputers. After many years of research in both academia and industry, quantum computers are at the point of outperforming their standard ("classical") counterparts in certain specialised problems. One of the most exciting a...