SandboxAQ is a leading enterprise SaaS provider, focused on delivering cutting-edge AI and quantum-powered solutions. By harnessing the transformative potential of artificial intelligence and quantum computing, SandboxAQ empowers organizations to achieve unprecedented levels of efficiency, security, and performance. With a clear mission to drive technological innovation, the company is shaping a smarter and more secure future.
SandboxAQ has raised over $300 million at a valuation of more than $5.6 billion. Investors participating in the round included New York-based investment firm Fred Alger Management, T. Rowe Price, Breyer Capital, and others. The fresh funding will drive the advancement and adoption of SandboxAQ's Large Quantitative Models (LQMs) and AI solutions, speeding up their application development.
SandboxAQ, Palo Alto, California, United States, was founded in 2016 by Jack Hidary. SandboxAQ operates globally, focusing on regions like North America, Europe, and Asia, providing innovative quantum and AI-driven solutions in cybersecurity, healthcare, finance, and telecommunications. “Large Quantitative Models are the next wave of AI, as they provide a powerful ability to solve science and business problems for large industries including aerospace, biopharma, chemicals, defense, energy, finance, and more. The capital raise we are announcing today gives us additional resources to drive deep impact at scale,” said SandboxAQ Founder and CEO Jack Hidary. “LLMs and LQMs are complementary platforms that are both needed in the world of B2B applications. We are pleased to see the commitment of so many long-term investors in SandboxAQ.”
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