Bristol-headquartered quantum algorithms firm Phasecraft has been named as a finalist within the $5m (£3.75m) XPRIZE Quantum Functions problem backed by Google.
The XPRIZE Quantum Functions problem was launched in March final yr as a worldwide competitors funded by Google Quantum AI and the Geneva Science and Diplomacy Anticipator (GESDA) to generate quantum computing algorithms that may be put in the direction of fixing real-world points.
Plural-backed Phasecraft has been named as one in all seven finalists of the greater than 800 groups that utilized.
For its submission, the agency proposed two new algorithms for computing properties of supplies extra precisely. The algorithms improve the accuracy of current classical algorithms and compute materials properties immediately on a quantum laptop.
“We’re honoured that Phasecraft’s supplies group was chosen as finalists within the XPRIZE Quantum Functions grand problem – one of the important international efforts to speed up real-world quantum affect,” stated Prof Toby Cubitt, chief know-how and science officer at Phasecraft.
“This competitors has introduced collectively a number of the world’s main minds to push the boundaries of what’s potential, and we’re grateful to contribute our work in quantum simulation for supplies discovery.”
In September, Phasecraft introduced a £25m Sequence B funding spherical led by Plural that introduced its complete funding to $50m (£37.5m).
