AI Startup SandboxAQ Gains Nvidia, Google Backing with Additional $150M
AI startup SandboxAQ has raised an additional $150 million, bringing its total funding to $950 million and solidifying backing from tech giants like Google and Nvidia. The company, valued at $5.75 billion, uses quantum computing to develop advanced quantitative models for diverse applications.
Published on April 5, 2025
SandboxAQ, a pioneering AI firm spun off from Alphabet in 2022, has secured an additional $150 million in funding. This latest capital injection from major players including Google, Nvidia, and BNP Paribas raises its Series E round to $450 million and brings total funding to $950 million, valuing the company at $5.75 billion. Based in Palo Alto with around 200 employees, SandboxAQ specializes in developing Large Quantitative Models (LQMs) through quantum computing techniques for applications in drug discovery, financial modeling, and more.
The new funding comes at a time when both Nvidia and Google are aggressively expanding their quantum computing initiatives. With the models already accessible via platforms like Google Cloud, SandboxAQ plans to ramp up its research and development and broaden enterprise partnerships in several industries, including biopharmaceuticals, chemicals, and energy. (As reported on 2025-04-04.)