SandboxAQ Raises $450 Million in Series E Round, Expands Investor Base
Insider Brief
- SandboxAQ raised over $450 million in its Series E round, adding new investors including Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA.
- The company has now secured more than $950 million since spinning out from Alphabet in 2022 to expand its quantitative AI platforms.
- The latest funding strengthens SandboxAQ’s position in deploying Large Quantitative Models (LQMs) across sectors like biopharma, materials science, cybersecurity, and finance.
PRESS RELEASE — SandboxAQ, a global leader in enterprise quantitative AI, announced the addition of Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA to its Series E funding round, which raised over $450 million. The investments underscore the confidence in SandboxAQ’s vision and the transformative power of its Large Quantitative Models (LQMs), which are redefining how enterprises leverage AI to tackle complex scientific and quantitative challenges.
Since spinning out from Alphabet in 2022, SandboxAQ has raised over $950 million to advance its quantitative AI platforms across biopharma, chemistry, materials science, cybersecurity, and financial services.
These new investors join a distinguished group backing SandboxAQ’s growth, including Breyer Capital, Eric Schmidt, Alger, Paladin Capital, S32, TIME Ventures, and funds and accounts advised by T. Rowe Price Associates, Inc. This expanded support strengthens SandboxAQ’s leadership in AI and quantum technologies, driving innovation across multiple industries.
“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 cross-roads of AI and quantum techniques.”
“I bet on the SandboxAQ team and its approach to Large Quantitative Models (LQMs) because I’m impressed by them both,” said Ray Dalio, Founder, Bridgewater Associates.