Alphabet (Google) Quantum AI Startup SandboxAQ Raised $300 Million at $5.6 Billion Valuation, Founded by Jack Hidary in 2016 While at Google & Emerged as Independent Company in 2022, New Funding Round Investors Include Fred Alger Management, LLC, T. Rowe Price Associates, Inc, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun & IQT

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Alphabet (Google) Quantum AI Startup SandboxAQ Raised $300 Million at $5.6 Billion Valuation, Founded by Jack Hidary in 2016 While at Google & Emerged as Independent Company in 2022, New Funding Round Investors Include Fred Alger Management, LLC, T. Rowe Price Associates, Inc, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun & IQT

24th December 2024 | Hong Kong

Alphabet (Google) quantum AI startup SandboxAQ has raised $300 million at $5.6 billion valuation in the latest funding round.  SandboxAQ was founded by Jack Hidary in 2016 while at Google, and emerged as an independent company in 2022.  The new funding round investors include Fred Alger Management, LLC, T. Rowe Price Associates, Inc, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun & IQT.  SandboxAQ (18/12/24): “SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.  The company raised new funding to accelerate the development of its Large Quantitative Models (LQMs) and other AI applications in drug discovery, materials science, chemistry, cybersecurity, navigation, and medical devices … … J.P. Morgan advised SandboxAQ on the financing.”

“ Alphabet (Google) Quantum AI Startup SandboxAQ Raised $300 Million at $5.6 Billion Valuation, Founded by Jack Hidary in 2016 While at Google & Emerged as Independent Company in 2022, New Funding Round Investors Include Fred Alger Management, LLC, T. Rowe Price Associates, Inc, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun & IQT “

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SandboxAQ – SandboxAQ is a B2B company delivering solutions at the intersection of AI and quantum techniques. The company’s Large Quantitative Models (LQMs) deliver critical advances in life sciences, financial services, navigation, and other sectors. The company emerged from Alphabet Inc. as an independent company backed by a growth capital round of $500 million, funded by leading investors including funds and accounts advised by T. Rowe Price Associates, Inc., IQT, US Innovative Technology Fund, Eric Schmidt, Breyer Capital, Guggenheim Partners, Marc Benioff, Thomas Tull, Paladin Capital Group, and others. 

Alphabet (Google) Quantum AI Startup SandboxAQ Raised $300 Million at $5.6 Billion Valuation, Founded by Jack Hidary in 2016 While at Google & Emerged as Independent Company in 2022, New Funding Round Investors Include Fred Alger Management, LLC, T. Rowe Price Associates, Inc, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun & IQT

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