Sandbox AQ launches with prominent investors

SandboxAQ

Sandbox AQ, an enterprise SaaS company delivering solutions that leverage quantum tech and AI, officially launched today and announced its investors, board chair, partners, advisors and initial customers.

AQ stands for AI and Quantum, two key tools Sandbox uses to address pressing global challenges.

Founded by serial entrepreneur and CEO Jack D. Hidary, Sandbox’s team and inspiration began at Alphabet Inc. from 2016 through 2022. Sandbox AQ is developing commercial products for telcom, financial services, healthcare, government, computer security and other computationally-intensive sectors. The company’s 55 engineers, scientists and technologists collaborate from a broad range of fields – physics, chemistry, AI, neuroscience, cryptography, mathematics and other disciplines – to develop practical solutions for a broad range of use cases. 

Sandbox AQ’s vision has attracted some of the world’s top business leaders including Eric Schmidt, who is now chairman of Sandbox AQ’s board of directors. 

Sandbox AQ completed an oversubscribed funding round from Breyer Capital, Eric Schmidt, Thomas Tull (Founder & CEO of Tulco, LLC), First Light Capital Group, funds and accounts advised by T. Rowe Price Associates, Inc., Guggenheim Investments, led by Scott Minerd, Marc Benioff’s TIME Ventures, David Siegel (co-founder of Two Sigma), Bradley M. Bloom (co-founder and former Managing Director of Berkshire Partners LLC), Section 32, Parkway Venture Capital and other leading funds. The company will deploy the capital to hire additional AI experts, physicists and engineers to further develop and deliver its AI and quantum technologies. The company’s global customer base includes: Vodafone Business, Softbank Mobile, Mt. Sinai Health System, and relationships with other leading Global 1000 companies including Wix. 

Sandbox AQ is developing and deploying hardware, applications and services that leverage global-scale artificial intelligence and machine learning infrastructures together with quantum technologies that, until very recently, were limited to scientific papers and advanced research facilities. These products include post-quantum cryptography modules to enable global companies to transition to a more secure cyber architecture.

Sandbox AQ is working closely with its faculty partners at leading universities to invest in PhD students and host postdocs. The company has trained graduate students from Stanford, Harvard, MIT, Oxford, Cambridge, Imperial College, Max Planck Institute, Caltech, UC Berkeley, Columbia, ASU, Yale and other leading institutions. 

 

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