Total amount raised
$825 Millions
Latest funding date
12/1/2024
Location
SandboxAQ has successfully raised funds at a valuation of over $5.6 billion, backed by notable investors such as Eric Schmidt, Jim Breyer, and Marc Benioff. The company focuses on leveraging AI and quantum technology to enhance cybersecurity and materials science.
Keep reading to explore the intricacies of SandboxAQ's fundraising journey and the investors backing this innovative platform.
What Is SandboxAQ?
Founded in 2016, SandboxAQ is based in Palo Alto, California. The company was established by Jack Hidary, who envisioned leveraging AI and quantum technology to solve complex challenges.
SandboxAQ focuses on developing AI and quantum technology solutions aimed at enhancing cybersecurity and materials science. Their products include Large Quantitative Models and AI sensing applications, serving industries like financial services, healthcare, and telecommunications.
With a team of 101-250 employees, SandboxAQ continues to innovate and push the boundaries of what's possible in AI and quantum computing.
How Much Funding Has SandboxAQ Raised?
- Series D
- Amount Raised: $500M
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Establish foundational technologies and operations post spin-off from Alphabet.
- Grant
- Amount Raised: $25M
- Date: October 2024
- Lead Investors: Michael J. Fox Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support research and development in healthcare applications.
- Venture Round
- Amount Raised: $300M
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: $5.6B
- Motivation Behind the Round: Accelerate development of Large Quantitative Models and AI solutions across various industries.
SandboxAQ has raised a total of $825M with a current valuation of $5.6B.
Key Investors
- Eric Schmidt
- Details: Eric Schmidt is the former CEO of Google and a prominent tech investor. He is currently the chairman of SandboxAQ.
- Investment Focus Areas: Technology, AI, innovative startups.
- Notable Investments: Uber, Planet Labs, The Groundwork.
- Marc Benioff
- Details: Marc Benioff is the founder and CEO of Salesforce Inc., a leading cloud-based software company.
- Investment Focus Areas: Cloud computing, enterprise software, AI.
- Notable Investments: Salesforce, Time Magazine, various cloud-based software companies.
- Fred Alger Management, LLC
- Details: Fred Alger Management is an investment management firm specializing in growth equity investing.
- Investment Focus Areas: Growth equity, technology, healthcare.
- Notable Investments: Tesla, Amazon, Google.
- T. Rowe Price Associates, Inc.
- Details: T. Rowe Price is a global investment management firm offering mutual funds, subadvisory services, and separate account management.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Facebook, Google, Amazon.
- Breyer Capital
- Details: Breyer Capital is a global venture capital and private equity firm focused on catalyzing high-impact entrepreneurs.
- Investment Focus Areas: Technology, media, healthcare.
- Notable Investments: Facebook, Etsy, Marvel Entertainment.
What's Next for SandboxAQ?
SandboxAQ stands at the cusp of significant opportunities, driven by its innovative Large Quantitative Models (LQMs) and AI solutions. The company is poised to make substantial impacts across industries such as biopharma, aerospace, and finance. With a valuation of $5.6 billion and recent funding of $300 million, SandboxAQ is well-positioned to accelerate its technological advancements and expand its market reach.
Future fundraising opportunities appear promising, given the strong investor interest and the company's growth trajectory. The involvement of high-profile investors like Eric Schmidt and Marc Benioff suggests continued financial backing. However, SandboxAQ may face challenges such as competition from other AI and quantum computing firms, technical hurdles in scaling LQMs, and regulatory issues in the healthcare sector.
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