SandboxAQ secures $150m to accelerate quantitative AI
SandboxAQ, a leading provider of enterprise quantitative AI platforms, has recently secured an impressive $150 million in new funding, pushing its Series E round to over $450 million. This latest funding round attracted investments from prominent players in the industry such as Google, Nvidia, Ray Dalio, Horizon Kinetics, and BNP Paribas, among others.
BNP Paribas Corporate and Institutional Banking Global Markets head, Olivier Osty, expressed his excitement about the partnership with SandboxAQ, highlighting the significant impact of AI and advanced computing in the financial services sector. He emphasized the importance of exploring innovative solutions at the convergence of AI and quantum techniques.
The capital infusion will be utilized to drive innovation in quantitative AI and enhance the company’s presence across various industries. Renowned investor and Bridgewater Associates founder, Ray Dalio, voiced his confidence in the SandboxAQ team and their approach to large quantitative models (LQMs), underscoring his admiration for their work.
Originally incubated at Alphabet in 2016, SandboxAQ transitioned into an independent entity in 2022, offering cutting-edge AI and quantum computing software solutions to businesses. Having raised over $950 million to date, the company focuses on delivering advancements at the intersection of AI and quantum techniques, particularly in sectors like life sciences, financial services, navigation, and more.
In a strategic move in January 2025, SandboxAQ collaborated with Google Cloud to make its LQMs available on the Google Cloud platform. This partnership aims to streamline the adoption and deployment of SandboxAQ’s solutions through the Google Cloud Marketplace, making it more accessible to businesses.
In a significant milestone in December 2024, SandboxAQ secured over $300 million in funding, achieving a pre-money valuation of $5.3 billion. This funding round saw contributions from key investors like Breyer Capital, Fred Alger Management, Mumtalakat, Parkway Venture Capital, Rizvi Traverse, and T. Rowe Price Associates.
Furthermore, in November 2023, SandboxAQ and Nvidia joined forces to simulate chemical reactions using NVIDIA’s quantum platforms to develop new materials and chemical compounds. This collaboration enables SandboxAQ to leverage quantum mechanics to advance material science, chemistry, and biology.
The article “SandboxAQ secures $150m to accelerate quantitative AI” originally appeared on Verdict, a GlobalData-owned brand. This information serves as general informational content, and readers are advised to seek professional advice before making any decisions based on the content provided.
