Tech Company Financing Transactions

SandboxAQ Funding Round

SandboxAQ, based in Silicon valley, scored $300 million from Breyer Capital, Fred Alger Management and In-Q-Tel.

Transaction Overview

Company Name
Announced On
12/18/2024
Transaction Type
Venture Equity
Amount
$300,000,000
Round
Undisclosed
Investors

Breyer Capital (Lead Investor)

Fred Alger Management (Lead Investor)

In-Q-Tel (Lead Investor)

Parkway Venture Capital (Lead Investor)

Rizvi Traverse Management (Lead Investor)

Section 32 (Lead Investor)

T. Rowe Price (Lead Investor)

US Innovative Technology Fund (Lead Investor)

private investors (David Siegel)

private investors (Eric Schmidt)

private investors (Marc Benioff)

private investors (Yann LeCun)

Proceeds Purpose
The company intends to use the funds to accelerate the development of its Large Quantitative Models (LQMs) and other AI applications in drug discovery, materials science, chemistry, cybersecurity, navigation, and medical devices.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Silicon valley, CA 94304
USA
Phone
Undisclosed
Email Address
Overview
SandboxAQ is an enterprise SaaS company combining AI + Quantum tech to solve hard problems impacting society. Our solutions include post-RSA cybersecurity modules that migrate enterprises to higher levels of security. These Sandbox AQ modules enable post-quantum cryptography (PQC) in line with the new standards that are now emerging in this field.
Profile
SandboxAQ LinkedIn Company Profile
Social Media
SandboxAQ Company Twitter Account
Company News
SandboxAQ News
Facebook
SandboxAQ on Facebook
YouTube
SandboxAQ on YouTube

Management Team

Title
Name
Email & Social
Chairman
Eric Schmidt
  Eric Schmidt LinkedIn Profile  Eric Schmidt Twitter Account  Eric Schmidt News  Eric Schmidt on Facebook
Chief Executive Officer
Jack Hidary
  Jack Hidary LinkedIn Profile  Jack Hidary Twitter Account  Jack Hidary News  Jack Hidary on Facebook


 

 

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Prev: 12/18/2024: Iceye venture capital transaction
Next: 12/18/2024: Plume venture capital transaction

 

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