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Total amount raised
$1.1B
Latest funding date
2025-12-03
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.
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?
- Undisclosed Round (Spin-off)
- Amount Raised: Nine figures (exact amount undisclosed; reported as above $100M)
- Date: March 2022
- Lead Investors: Not publicly disclosed; participants included Eric Schmidt, Breyer Capital, T. Rowe Price Associates, Thomas Tull, Time Ventures, Section 32, Parkway Venture Capital, First Light Capital Group, and Guggenheim Investments
- Motivation Behind the Round: To support the initial growth and development of SandboxAQ after its spin-off from Alphabet.
- Undisclosed Round
- Amount Raised: USD 500,000,000
- Date: February 2023
- Lead Investors: Not publicly disclosed; existing investors participated
- Motivation Behind the Round: To advance cybersecurity and quantum computing technologies for enterprise customers.
- Grant
- Amount Raised: USD 25,000,000
- Date: October 2024
- Lead Investors: Michael J. Fox Foundation
- Motivation Behind the Round: To support research and development in biopharma and medical devices.
- Series E (First Close)
- Amount Raised: USD 300,000,000
- Date: December 18, 2024
- Lead Investors: Not publicly disclosed; participants included Fred Alger Management, T. Rowe Price Associates, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, and IQT
- Valuation at Round: USD 5,300,000,000 (pre-money)
- Motivation Behind the Round: To accelerate development of SandboxAQ's Large Quantitative Models (LQMs) and AI solutions.
- Series E (Second Close)
- Amount Raised: USD 150,000,000
- Date: April 4, 2025
- Lead Investors: Not publicly disclosed; new participants included Google, NVIDIA, BNP Paribas, Ray Dalio, and Horizon Kinetics; existing investors included T. Rowe Price Associates, Breyer Capital, Eric Schmidt, Alger, and others
- Valuation at Round: USD 5,750,000,000
- Motivation Behind the Round: To further enhance AI-driven scientific innovation and expand SandboxAQ's quantitative AI platform.
- Secondary Market
- Amount Raised: USD 95,000,000
- Date: July 11, 2025
- Lead Investors: Rizvi Traverse, Forge Global, and Ava Family Office
- Valuation at Round: USD 5,600,000,000
- Motivation Behind the Round: To provide long-term liquidity to employees following the Series E round.
- Private Equity
- Amount Raised: Not publicly disclosed
- Date: December 3, 2025 (per Crunchbase)
- Lead Investors: Leclercq American Capital
- Motivation Behind the Round: Strategic equity investment aligned with backing high-impact technology platforms in AI and quantum technologies.
Total Amount Raised: At least $1.07B based on disclosed funding (Series E total of $450M + $500M February 2023 round + $95M secondary + $25M grant; the March 2022 spin-off round amount was undisclosed, and the December 2025 private equity amount was undisclosed). Current Valuation: USD 5,750,000,000 (as of April 2025).
Key Investors
- Eric Schmidt
- Details: Eric Schmidt, former CEO of Google, has been a backer of SandboxAQ since its spin-off from Alphabet in 2022. He participated in the February 2023 round and the December 2024 Series E.
- Investment Focus Areas: Technology, AI, quantum computing.
- Notable Investments: Various AI and tech startups.
- Google (Alphabet)
- Details: Google joined as a new investor in the April 2025 Series E extension, underscoring strategic interest in SandboxAQ's AI and quantum capabilities.
- Investment Focus Areas: AI, quantum computing, enterprise technology.
- Notable Investments: Various AI and technology companies.
- NVIDIA
- Details: NVIDIA joined as a new investor in the April 2025 Series E extension, reflecting strategic alignment with SandboxAQ's quantitative AI platform.
- Investment Focus Areas: AI, semiconductor technology, data centers.
- Notable Investments: Various AI infrastructure and software companies.
- T. Rowe Price Associates, Inc.
- Details: T. Rowe Price is a global investment management firm that has participated in multiple SandboxAQ rounds, including the February 2023 round and the December 2024 Series E.
- Investment Focus Areas: Mutual funds, subadvisory services, growth equity.
- Notable Investments: Various high-growth companies across sectors.
- Breyer Capital
- Details: Breyer Capital is a global venture capital and private equity firm that has backed SandboxAQ since its early rounds. The firm participated in the February 2023 round and the December 2024 Series E.
- Investment Focus Areas: Technology, media, healthcare.
- Notable Investments: Facebook, Etsy, Marvel Entertainment.
- Leclercq American Capital
- Details: Leclercq American Capital LLC is an investment firm focused on private growth equity. It led the December 2025 private equity round in SandboxAQ, with the investment amount undisclosed.
- Investment Focus Areas: Private growth equity, high-impact technology platforms.
- Notable Investments: Not publicly disclosed.
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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