What does SandboxAQ do?
SandboxAQ is an enterprise quantitative AI company that provides B2B solutions by combining advanced artificial intelligence with quantum techniques. Their Large Quantitative Models (LQMs) are designed to deliver breakthrough capabilities in life sciences, financial services, navigation, and other critical sectors.
How much did they raise?
The company secured an undisclosed amount in its Series E funding round, with details indicating a total of over $450m raised. Lead investors included Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA, while Breyer Capital, Eric Schmidt, Alger, Paladin Capital, S32, TIME Ventures, and T. Rowe Price Associates, Inc. participated as well. Overall, SandboxAQ has raised more than $950m since its spin-off from Alphabet in 2022.
What are their plans for the money?
SandboxAQ intends to use the new funds to expand its operations and accelerate development efforts, further enhancing its quantitative AI platforms. This strategic investment is expected to boost innovation across key sectors such as biopharma, chemistry, materials science, cybersecurity, and financial services.
What have they achieved so far?
Since its inception as a spin-off from Alphabet in 2022, SandboxAQ has made significant progress by raising over $950m and establishing itself as a pioneer in applying AI and quantum techniques to solve complex challenges in multiple industries.
