The round was co-led by Plural, Playground Global, and Novo Holdings.
"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."
The funding will support engineering growth and artificial intelligence development as global demand for secure operational tools increases.
"Being unable to verify if a person can be trusted, if a task has been completed or work out how to pay them has been preventing successful humanitarian, aid and military missions for too long. Yet solving the issues has historically been considered too complex and too difficult, leaving organisations stuck using disparate and insecure platforms. We created Labrys to solve these tough workforce and team coordination problems in logistics, risk and humanitarian crisis response and we’ve built a talented team to tackle the hardest technical problems in this space. We’re delighted to be backed by investors who understand this mission and want to build the future of trusted infrastructure right alongside us."
The Series A round was led by Plural with backing from Project A and Prologis Ventures.
"We realised that today's delivery networks are stuck in the past, built for an era of brick-and-mortar stores, not the explosion of online shopping and social commerce we see today. This outdated model costs retailers billions in lost sales and prevents e-commerce from reaching its full potential."
The round was co-led by IQ Capital and Plural to support team expansion and pilot manufacturing.
"The promise of lithium-sulfur batteries has been envisaged for decades but until now it has not been possible to realise this potential because of the inherent chemistry challenges of working with sulfur. By utilising MoS2 we have achieved a groundbreaking milestone in battery technology innovation and are on track to bring this new battery chemistry to the market, creating batteries that will end range anxiety. We have an unrivalled founding team, which between us has years of commercial and research experience, along with insightful advisers and world-leading investors. Now we have the right backing to go forward and disrupt the industry for the better."
Plural led the Series A round to help the London based startup expand its team and scale its super-brain solution.
"This funding is yet another milestone for Oriole following a year of rapid pace and growth. This is a booming market desperate for solutions and our ambition is to create an ecosystem of photonic networking that can reshape this industry by solving today's bottlenecks and enabling greater competition at the GPU layer. Building on decades of research, we're paving the way for faster, more efficient, more sustainable AI."
