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Phasecraft logo — The quantum algorithms company

Phasecraft

The quantum algorithms company

Founded 2019 United Kingdom Bristol, United Kingdom 49 employees Not Funded/Unknown Total: $1.05B IT, Information Technology +1

General Information

Company Name Phasecraft
Founded Year 2019
Location United Kingdom Bristol, United Kingdom +2
Employees 49
Industries IT, Information Technology, Quantum
Funding Stage Not Funded/Unknown
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About Phasecraft

Phasecraft, the quantum algorithms company, is focused on developing the mathematical foundations for quantum computing applications to address real-world problems. Founded in 2019 and headquartered in the United Kingdom, the company boasts a team composed of some of the world’s leading quantum scientists, including founders Toby Cubitt, Ashley Montanaro, and John Morton, as well as quantum consultant Andrew Childs. In 2020, Phasecraft achieved a significant milestone by securing a record £3.7m seed round, with LocalGlobe leading the investment. Furthermore, the company recently received a £1.20M grant investment from the UK government on 09 September 2024, demonstrating sustained support and interest in their endeavors. With its strong team and notable investments, Phasecraft is well-positioned to make a significant impact in the IT and quantum industries.

Taxonomy: quantum algorithms, quantum computing applications, mathematical foundations, quantum scientists, seed round funding, VC backing, quantum engineers, scientific discoveries, entrepreneurship, grand challenges, quantum consultant, record funding round, quantum technology, quantum software, quantum engineering

Services & Products

Quantum algorithms research and development
Quantum IP
Partnering with quantum hardware companies

Target Customers

Quantum technology researchers Companies in need of quantum solutions Quantum hardware developers

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Not Funded/Unknown •••••• - 17 Mar 2026
Series B •••••• 6
Investor Investor Investor
•••• •••• 		02 Sep 2025
Series A •••••• 7
Investor Investor Investor Investor Investor Investor
•••• •••• 		16 Aug 2023
Seed Round •••••• 3
Investor Investor
•••• •••• 		10 Dec 2020
Seed Round •••••• 2
Investor
•••• •••• 		23 Mar 2019

Latest News

View All
Phasecraft's Quantum Leap: £13M funding for real-world applications — Tech
Phasecraft's Quantum Leap: £13M funding for real-world applications
Tech Jan 23, 2024
New quantum algorithm could simulate industry-changing materials — Thenextweb
New quantum algorithm could simulate industry-changing materials
Thenextweb Jan 24, 2024
Oxford Instruments Nanoscience and Rigetti launch new supercomputer — Tech
Oxford Instruments Nanoscience and Rigetti launch new supercomputer
Tech Apr 17, 2024
The UK’s second commercial quantum computer has come online — Thenextweb
The UK’s second commercial quantum computer has come online
Thenextweb Apr 18, 2024
Top quantum researcher leaves Amazon for UK startup Phasecraft: ‘I couldn’t contribute meaningfully’ — Sifted
Top quantum researcher leaves Amazon for UK startup Phasecraft: ‘I couldn’t contribute meaningfully’
Sifted May 23, 2024
Phasecraft expands to US for quantum talent — Tech
Phasecraft expands to US for quantum talent
Tech May 24, 2024

Phasecraft Alternatives & Competitors

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Phasecraft vs
Rigetti Computing
Rigetti Computing United States

We are scientists, engineers, builders, and visionaries

IPO
181 employees
AI, Big Data
Compare Phasecraft vs Rigetti Computing
Phasecraft vs
Horizon Quantum
Horizon Quantum Singapore

Code, compile and deploy quantum applications from classical languages.

Series A
40 employees
Hardware, IT
Compare Phasecraft vs Horizon Quantum
Phasecraft vs
Strangeworks
Strangeworks United States

Humanizing Quantum®

Series A
34 employees
Information Technology, Quantum
Compare Phasecraft vs Strangeworks
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FAQ About Phasecraft

The quantum algorithms company
Phasecraft was founded in 2019.
Phasecraft is headquartered in Bristol, United Kingdom.
Phasecraft operates in the following industries: IT, Information Technology, Quantum.
Phasecraft has approximately 49 employees.
Phasecraft has completed 5 funding rounds, raising a total of $1.05B. The latest funding stage is Not Funded/Unknown.
Phasecraft offers: Quantum algorithms research and development, Quantum IP, Partnering with quantum hardware companies.
Top alternatives and competitors to Phasecraft include Rigetti Computing, Horizon Quantum, Strangeworks, Classiq, Qilimanjaro Quantum Tech. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Phasecraft and Rigetti Computing are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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