Phasecraft has made a breakthrough in quantum computing that will allow quantum theory to become a reality from mere research faster than ever. Dr. Ashley Montanaro led a team to develop and test new algorithms that can optimise and predict the needed quantum hardware capacity when running meaningful programs. This will let complex problem solving faster than classical supercomputers a reality.
Of fundamental importance is the Fermi-Hubbard model, especially in condensed-matter physics. The model is particularly relevant in strongly correlated materials, and is a key route to understanding high-temperature superconductivity. One of the first applications of near-term quantum computers is to find the enigmatic ground state of this complex model. The Fermi-Hubbard model is even a possible pathway to understanding and developing new supermaterials or substances.
Dr. Montanaro mentioned how Phasecraft would solve the Fermi-Hubbard model.
Dr. Montanaro is also hopeful that the new research can solve the model and optimise quantum circuits immensely.
The peer-reviewed research paper of Dr. Montanaro and team is featured in Physical Review B, which is published by the American Physical Society, the highest authority among specialist journals in condensed-matter physics. The paper has even been chosen as an Editors’ Suggestion and will be set to appear in Physics magazine.
Ever since Phasecraft’s founding in 2019, the company has been punching well above its weight. Currently, Phasecraft is an emerging leader in quantum research. Started by Dr. Toby Cubitt, Dr. Ashley Montanaro, and Prof. John Morton, Phasecraft possesses a team capable of enabling near-term applications of quantum computing. The primary method is to develop novel algorithms with high efficiency ratings that can optimise near-term quantum hardware.
The company has even closed a record seed round for a UK quantum company, receiving a total of £3.7 million in funding from private-sector VC investors. These investors are led by LocalGlobe along with Episode1 and previous investors. Ian Hogarth, former Songkick founder, has even joined as board chair. Previously, Phasecraft managed to raise £750000 in a pre-seed round led by UCL Technology Fund with Parkwalk Advisors and London Co-investment Fund. InnovateUK has also awarded the company several grants. A total of £5.5 million has been raised, when equity funding and research grants are factored in.
Many different representatives from quantum companies around the world have commented on Phasecraft’s research paper.
Dr. Toby Cubitt is enthusiastic and believes that this research is very significant for the quantum world.
You can read the insight piece on this new research here.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
This cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
This cookie is set by Gauges. This cookie helps in improving the webisite by tracking the user behaviour on using the website.
This cookie is set by Gauges. This cookies used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website. It helps to improve the website by collecting information of the visitors behaviour.
These cookie is set by Gauges for various purposes including ensuring proper functioning our Services, marketing and other statistical analyses needed by the website.
This cookie is set by Gauges. This cookie is used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website.
This cookie are set by Gauges, this is Performance type cookies. They collect information about how visitors use the website and improves the website with this information.This cookie is used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website.
This cookie is set by Gauges. This cookies used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
1 year 24 days
This cookie is set by Google and stored under the name dounleclick.com. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites.
This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
This cookie is set by Google and is used to distinguish users.
This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
16 years 5 months 15 days 2 hours
These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video.
Scorecard Research sets this cookie for browser behaviour research.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
1 year 24 days
Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
This cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
5 months 27 days
This cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
This cookies is set by Youtube and is used to track the views of embedded videos.