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Announced

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Breyer Capital, T. Rowe Price funds, Salesforce, TIME Ventures, and Eric Schmidt led a $500m Series D financing round in Sandbox AQ.

Financials

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Transaction Value£410m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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quantum computing

SaaS company

IT Services: Other

Acquisition

Private

AI solutions

United States

Domestic

Minority

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Breyer Capital, T. Rowe Price funds, Salesforce, TIME Ventures, and Eric Schmidt led a $500m Series D financing round in Sandbox AQ, a Silicon Valley, CA-based quantum computing software startup. The company's primary focus is on developing post-quantum cryptography software, which is a new approach to data encryption designed to withstand quantum computer attacks.

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