UK quantum software startup Phasecraft has joined the IBM Quantum Network to test out its algorithms on IBM’s quantum computer hardware.
The network has 140 members working on quantum computing for finance, energy, chemistry, materials science, optimisation and machine learning. As a member of the IBM Quantum Network, Phasecraft can access IBM’s advanced quantum computers available via the cloud.
The Bristol-based quantum software startup also works with hardware developers such as Rigetti as well as materials supplier Johnson Matthey to develop software algorithms optimised for near-term quantum devices.
“We’re at the early days of quantum computing testing the best applications and capabilities of quantum hardware,” said Toby Cubitt, founder of Phasecraft. “By working directly with leading quantum hardware providers like IBM, Phasecraft aims to bring forth the timeline for quantum advantage - where quantum computers solve practical problems that are too complex for classical computing systems.”
“IBM Quantum has an ambitious roadmap to commercialise quantum computing. Getting there will require a growing ecosystem of private companies, academia and government to spark collaboration, develop technology and advance research – all with the goal of establishing and maintaining a Quantum Industry. We are excited to welcome Phasecraft to the IBM Quantum Network to find new ways to leverage and test IBM Quantum hardware and software for meaningful industry applications,” said Dr. Anthony Annunziata, Director of the IBM Quantum Network.
Phasecraft is also leading the UK consortium’s quantum software development component to build the first large-scale commercial quantum computer in the UK in Abingdon in Oxfordshire using technology from Rigetti. Phasecraft also recently announced it had raised the largest seed funding round for a UK quantum computing startup. Recent Phasecraft research has focused on techniques to develop lean algorithms that maximise the ability of today’s near-term quantum hardware to simulate physical materials beyond the capabilities of classical computing, improving the state-of-the-art by orders of magnitude.
“Quantum software for today’s quantum hardware needs to account for additional challenges such as noise and error correction,” said founder Ashley Montanaro. “Considering near-term quantum hardware capabilities, Phasecraft has already made considerable progress lowering the minimum threshold of circuit size and number of qubits needed for running useful quantum applications - like modelling the behaviour of strongly-correlated electronic systems. With Phasecraft’s collaboration with quantum hardware partners like IBM, we can work directly with quantum computing hardware to come up with novel and creative approaches to maximise near-term performance.”
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