Quantum algorithm company Phasecraft Ltd. has raised $34 million in new funding to accelerate its work to transform quantum computing’s theoretical promise into practical applications. Phasecraft focuses on making quantum computing useful sooner by bridging the gap between today’s noisy, intermediate-scale quantum devices and future large-scale systems. Differing from other firms that rely on the eventual arrival of fault-tolerant quantum computers, Phasecraft says, it’s developing ultra-efficient algorithms that allow current imperfect machines to deliver meaningful results in real-world settings. The company doesn’t focus on one platform or possible solution but instead takes a hardware-agnostic approach. Doing so, it says, delivers compatibility with multiple platforms and maximizes the chances of early commercial adoption. It works across different industries where quantum computing has the potential to deliver a measurable impact, such as materials discovery, chemistry, energy systems and logistics optimization. Phasecraft methodology — pairing quantum devices with classical computing — delivers hybrid solutions that can simulate complex materials, optimize energy grids and even tackle problems in biological research. The algorithms are already showing promise in making material simulations millions of times more efficient, which could accelerate the design of new solar cells, catalysts or medicines. Areas of exploration include drug discovery, where quantum simulations could shorten the process of understanding molecular interactions and energy resilience, where optimized networks could improve efficiency and sustainability.