The AI and quantum technology developer has branhed out as a separate company having secured at least $100m from a range of external investors.
Internet and technology group Alphabet is spinning off its quantum technology subsidiary, Sandbox AQ, with a nine-figure amount of funding according to Reuters.
The spinoff raised the capital from Breyer Capital, First Light Capital Group, Guggenheim Investments, Time Ventures, Section 32, Parkway Venture Capital, unnamed other funds and private investors Eric Schmidt, Thomas Tull, David Siegel and Bradley Bloom.
Sandbox uses artificial intelligence (AI) and quantum technology to develop commercial tools for customers in sectors including financial services, healthcare, telecommunications,…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
