Plural led a $34m in Series B round in Phasecraft.

Plural, a venture capital firm, led a $34m in Series B round in Phasecraft, quantum algorithms company, with participation from Playground Global, Novo Holdings’ Quantum Fund, AlbionVC, Latitude, and Parkwalk Advisors. “We’re actively creating quantum advantage at Phasecraft. Our algorithms are delivering meaningful results now, whether it’s simulating the physics of complex materials or optimizing the structure of a large energy network, whilst our partnerships with the world’s top quantum hardware providers increase the impact our algorithms will have for commercial applications. We’re delighted to have the backing of our visionary investors such as Plural, Playground Global, and Novo Holdings, to support us on the mission to bring quantum advantage to the world faster,” Ashley Montanaro, Phasecraft Co-Founder and CEO.