Total amount raised
$825 Million
Latest funding date
12/1/2024
Location
SandboxAQ has successfully navigated five funding rounds, with the latest being a Series E round led by Eric Schmidt Angel Investments. The company is backed by a diverse group of 30 investors, including recent contributors like S32 and Beyond Alpha Ventures.
With a valuation of $5.6 billion, SandboxAQ continues to attract significant interest from prominent investors such as Yann LeCun and Jim Breyer. Keep reading to explore the intricacies of SandboxAQ's fundraising journey and the investors backing this innovative platform.
What Is SandboxAQ?
SandboxAQ is a pioneering company based in Palo Alto, California, specializing in AI and quantum technology solutions. The company operates in various industries, including biopharma, cybersecurity, and materials science, leveraging advanced computing to solve complex problems.
Founded by a team of experts, SandboxAQ employs between 101 and 250 people. The company is known for its innovative Large Quantitative Models (LQMs) and has established partnerships with leading global enterprises to drive technological advancements and real-world impact.
How Much Funding Has SandboxAQ Raised?
- Series D
- Amount Raised: USD 500,000,000
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of SandboxAQ after its spin-off from Alphabet.
- Undisclosed Round
- Amount Raised: Not publicly disclosed
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to establish the company as an independent entity and develop its AI and quantum computing technologies.
- Grant
- Amount Raised: USD 25,000,000
- Date: October 2024
- Lead Investors: Michael J. Fox Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development in biopharma and medical devices.
- Series E
- Amount Raised: USD 300,000,000
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 5,600,000,000
- Motivation Behind the Round: To accelerate application development and adoption of SandboxAQ’s Large Quantitative Models (LQMs) and AI solutions.
- Series E
- Amount Raised: USD 150,000,000
- Date: April 2025
- Lead Investors: Eric Schmidt Angel Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance AI-driven scientific innovation and support the development of new products.
Total Amount Raised: USD 975,000,000. Current Valuation: USD 5,600,000,000.
Key Investors
- Eric Schmidt Angel Investments
- Details: Eric Schmidt Angel Investments is led by Eric Schmidt, the former CEO of Google. The firm focuses on investing in innovative technology startups.
- Investment Focus Areas: Technology, AI, quantum computing.
- Notable Investments: Google, various AI and tech startups.
- Michael J. Fox Foundation
- Details: The Michael J. Fox Foundation is dedicated to finding a cure for Parkinson's disease through an aggressively funded research agenda. It is one of the largest nonprofit funders of Parkinson's research worldwide.
- Investment Focus Areas: Biopharma, medical research, healthcare.
- Notable Investments: Not publicly disclosed.
- Fred Alger Management, LLC
- Details: Fred Alger Management is an investment management firm known for its focus on growth equity. The firm has a long history of investing in high-growth companies.
- Investment Focus Areas: Growth equity, technology, innovation.
- Notable Investments: Various growth equity investments in technology and innovation.
- T. Rowe Price Associates, Inc.
- Details: T. Rowe Price is a global investment management firm offering mutual funds, subadvisory services, and separate account management. The firm is known for its disciplined investment approach.
- Investment Focus Areas: Mutual funds, subadvisory services, separate account management.
- Notable Investments: Various high-growth companies across different sectors.
- Breyer Capital
- Details: Breyer Capital is a global venture capital and private equity firm focused on catalyzing high-impact entrepreneurs. The firm has a strong track record of investing in successful technology companies.
- 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 advancements in AI and quantum technology. The company is poised to revolutionize industries such as biopharma, aerospace, and finance with its Large Quantitative Models (LQMs) and AI-driven solutions. The recent $300 million funding round, which brought its valuation to $5.6 billion, underscores the vast potential for growth and innovation.
Future fundraising efforts are likely to be bolstered by the company's strong investor confidence and high valuation. With prominent backers like Eric Schmidt and Yann LeCun, SandboxAQ is well-positioned to attract further investment to support its expansion and technological development. However, the path forward is not without challenges. The company must navigate intense competition, technical complexities, and regulatory hurdles to maintain its momentum and achieve its ambitious goals.
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