Phasecraft develops quantum algorithms specifically designed for materials modeling and condensed matter physics applications, focusing on creating quantum software that can efficiently simulate complex many-body systems and materials properties using near-term quantum devices to accelerate materials discovery and development. In September 2025, Phasecraft raised $34 million in Series B funding co-led by Plural, Playground Global, and the Novo Holdings Quantum Fund to accelerate quantum algorithm development and expand its team of quantum algorithm researchers. The funding will support Phasecraft’s mission to unlock quantum advantage for materials science applications and advance practical quantum computing solutions for complex simulation problems.
Toby Cubitt (Co-founder, CEO), Ashley Montanaro (Co-founder, CTO)
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Private
$50M
2 funding rounds tracked. View detailed investment history →
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