SandboxAQ Raises Over $300 Million in Funding
SandboxAQ, a Palo Alto, CA-based company dedicated to delivering cutting-edge AI and advanced computing solutions, has raised over $300 million in funding.
The round was backed by notable investors, including Fred Alger Management, T. Rowe Price, Marc Benioff, and Eric Schmidt, bringing SandboxAQ's valuation to $5.3 billion.
The company will use the funding to accelerate the development of its Large Quantitative Models (LQMs) for applications in drug discovery, materials science, cybersecurity, and more.
Founded by Jack D. Hidary, SandboxAQ is a B2B company delivering solutions at the intersection of AI and quantum techniques. The company focuses on developing Large Quantitative Models (LQMs), which are AI models designed to address highly complex scientific and business challenges in fields such as drug discovery, materials science, cybersecurity, aerospace, energy, and finance.
Funding Details
Company: SandboxAQ
Raised: $300.0M
Round: Unknown
Funding Date: December 2024
Investors: Fred Alger Management, T. Rowe Price, Marc Benioff, Eric Schmidt
Company Website: https://www.sandboxaq.com/
Software Category: AI and Quantum Computing Solutions