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Software becomes the next frontier for building quantum computers

Investor interest grows in ‘algorithm’ companies that can make technology solve a wider range of problems

In the decades-long pursuit of quantum computing, most of the effort has gone into the hardware needed to harness delicate quantum mechanical effects for useful calculations.

Now, with some claiming those systems are nearly here, attention is shifting to the software that will be needed to do something useful with them.

British quantum algorithms company Phasecraft said on Tuesday that it had raised $34mn from a number of backers, among them an investment company linked to Danish pharmaceuticals giant Novo Nordisk.

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