SandboxAQ, a spinout from Google parent company Alphabet, is making waves in the AI startup world by seeking another round of funding that could value the company at $5 billion. This comes after a previous $500 million round in early 2023, which attracted investors like Breyer Capital, T. Rowe Price funds, and Marc Benioff.
Led by CEO Jack Hidary and chairman Eric Schmidt, SandboxAQ focuses on the intersection of quantum computing and AI. While it’s not building a quantum computer, the startup is developing software based on quantum physics to model molecules and predict their behavior. This unique approach has led to partnerships in various industries including life science, materials science, navigation, encryption, and cybersecurity.
Unlike traditional AI companies, SandboxAQ is using large quantitative models (LQMs) based on equations to generate data efficiently and accurately. This approach has landed the startup significant contracts with companies like Novonix for extending lithium-ion battery life, the U.S. Air Force for magnetic navigation systems, and U.S. hospitals for an AI-powered “magnetocardiography system.”
With its ambitious projects and impressive partnerships, SandboxAQ has caught the attention of investors who are eager to support big-name AI startups. The company’s potential has even led to the creation of special purpose vehicles (SPVs) for investing in its shares.
As SandboxAQ continues to push the boundaries of AI and quantum computing, it remains a promising player in the tech industry. Despite not responding to requests for comment, the startup’s innovative approach and high-profile backers position it as a key player in the evolving landscape of AI startups.
