SandboxAQ Closes Series E Round with Expanded Investor Base
SandboxAQ, a global pioneer in enterprise quantitative AI, has announced the successful expansion of its Series E funding round, raising over $450 million. New investors include notable names such as Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA. This influx of capital reflects growing investor confidence in SandboxAQ’s innovative approach and the potential of its Large Quantitative Models (LQMs) to revolutionize AI applications across critical sectors.
Since its spinout from Alphabet in 2022, SandboxAQ has raised more than $950 million to develop its quantitative AI platforms across a range of industries, including biopharma, chemistry, materials science, cybersecurity, and financial services. The funding will accelerate R&D and the deployment of LQMs designed to solve complex scientific and enterprise challenges at scale.
This latest round brings together an influential roster of investors, including returning supporters like Breyer Capital, Eric Schmidt, Alger, Paladin Capital, S32, TIME Ventures, and funds managed by T. Rowe Price Associates, Inc.. Together, this expanded investor base bolsters SandboxAQ’s leadership in both artificial intelligence and quantum technology innovation.
“AI and advanced computing are having a powerful impact on financial services, and BNP Paribas Global Markets is proud to be at the forefront of this trend,” said Olivier Osty, BNP Paribas Head of Corporate & Institutional Banking Global Markets. “I look forward to working with SandboxAQ to explore innovative solutions at the crossroads of AI and quantum techniques.”
Ray Dalio, Founder of Bridgewater Associates, added, “I bet on the SandboxAQ team and its approach to Large Quantitative Models (LQMs) because I’m impressed by them both.”