A consortium of investors led a $300m round in SandboxAQ.

A consortium of investors including Fred Alger Management T. Rowe Price Associates, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, and IQT led a $300m round in SandboxAQ, an enterprise SaaS company that provides AI and quantum solutions. ‍“Large Quantitative Models are the next wave of AI as they provide a powerful ability to solve science and business problems for large industries including aerospace, biopharma, chemicals, defense, energy, finance, and more. The capital raise we are announcing today gives us additional resources to drive deep impact at scale. LLMs and LQMs are complementary platforms that are both needed in the world of B2B applications. We are pleased to see the commitment of so many long-term investors in SandboxAQ," Jack D. Hidary, SandboxAQ CEO.