SandboxAQ secures $150m to accelerate quantitative AI

SandboxAQ, a supplier of endeavor quantitative AI platforms, has raised $150m successful caller funding, bringing its Series E circular to much than $450m.

The latest backing circular saw information from notable investors including Google, Nvidia, Ray Dalio, Horizon Kinetics and BNP Paribas.

These investors articulation a consortium of existing supporters specified arsenic Alger, Breyer Capital, Eric Schmidt, Paladin Capital, S32, TIME Ventures, and funds and accounts advised by T. Rowe Price Associates.

BNP Paribas Corporate and Institutional Banking Global Markets caput Olivier Osty said: “AI and precocious computing are having a almighty interaction connected fiscal services, and BNP Paribas Global Markets is arrogant to beryllium astatine the forefront of this trend.

“I look guardant to moving with SandboxAQ to research innovative solutions astatine the cross-roads of AI and quantum techniques.”

The superior volition beryllium utilized to expedite innovation successful quantitative AI and bolster the company's interaction crossed assorted industries.

Bridgewater Associates laminitis Ray Dalio said: “I stake connected the SandboxAQ squad and its attack to ample quantitative models (LQMs) due to the fact that I’m impressed by them both.”

Originating astatine Alphabet successful 2016, SandboxAQ spun retired successful 2022 to independently connection firms AI and quantum computing software.

Since then, the institution has raised much than $950m.

The B2B institution delivers solutions astatine the intersection of AI and quantum techniques, with its LQMs advancing beingness sciences, fiscal services, navigation, and different sectors.

In January 2025, SandboxAQ teamed up with Google Cloud to connection its LQMs connected Google Cloud.

This collaboration aims to streamline the procurement and deployment of SandboxAQ’s solutions via the Google Cloud Marketplace.

In December 2024, SandboxAQ raised much than $300m successful funding, achieving a pre-money valuation of $5.3bn.

This circular included contributions from Breyer Capital, Fred Alger Management, Mumtalakat, Parkway Venture Capital, Rizvi Traverse, and T. Rowe Price Associates.

Nvidia and SandboxAQ joined forces successful November 2023 to simulate chemic reactions to make caller materials and chemic compounds.

Under the alliance, SandboxAQ uses NVIDIA’s quantum platforms to simulate the quantum mechanics that underlie modern worldly science, chemistry, and biology.

"SandboxAQ secures $150m to accelerate quantitative AI" was primitively created and published by Verdict, a GlobalData owned brand.

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