Fundraising Fox

Sandbox AQ

Unicorn · $5.8B

Founded 2021 · 377 employees on LinkedIn · 27 known investors

SandboxAQ combines artificial intelligence and quantum technology to address complex industrial challenges. The company was spun out from Alphabet in 2022.

Also known as Sandbox AQ · SandboxAQ · SB Technology Inc.

Founders & leadership

Sandbox AQ was founded in 2021 by Jack Hidary.

JHJack Hidary
Jack HidaryinFounder

Board

SB
Sergey BrinFounder

Investors · 27

Also in the syndicate · 8

Bradley M. BloomDavid SiegelFirst Light Capital GroupGuggenheim InvestmentsT. Rowe Price AssociatesT. Rowe Price fundsThomas TullTIME Ventures

Company profile

researched Aug 2026

SandboxAQ (incorporated as SB Technology Inc.) is an enterprise SaaS company that combines artificial intelligence with quantum technologies — a pairing it brands "AQ" — to build software for computationally intensive industries. Its product lines span post-quantum cryptography and cryptographic asset management, quantum sensing and navigation for GPS-denied or degraded environments, and simulation software built on what the company calls Large Quantitative Models (LQMs), applied to molecular design, chemicals and materials, financial modeling and navigation.

The cryptography products scan enterprise IT systems to identify data still protected by older cryptographic standards, prioritize urgent remediation and support migration to quantum-resistant algorithms in line with emerging NIST standards; the AQtive Guard platform has been deployed to inventory and analyze cryptographic assets and certificates across large networks. In the simulation domain, the company positions LQMs as physics-, chemistry- and biology-grounded quantitative models that produce numerical results for real-world problems, accessible through large language model interfaces as well as directly. Target sectors include telecommunications, financial services, healthcare, government and defense, energy, chemicals and materials, and pharmaceuticals.

The company describes a software-first, hardware-agnostic approach that runs on classical high-performance and GPU infrastructure today while remaining oriented toward future quantum hardware, rather than developing quantum computers itself.

Founding story

Founded by serial entrepreneur Jack D. Hidary, whose team and inspiration originated at Alphabet Inc. from 2016 through 2022; the company was spun off from Alphabet's Google and launched independently in March 2022 with Eric Schmidt as chairman of the board.

Business model

Enterprise SaaS: software modules, applications and services sold to large enterprises and government agencies, alongside hardware, applications and services that combine AI/ML infrastructure with quantum technologies. Products include post-quantum cryptography modules, quantum sensing and navigation systems, and simulation tooling delivered in part through cloud platforms.

Sales of enterprise software modules, platforms and related services to enterprise and government customers, supplemented by government research funding such as the $500 million CHIPS R&D award.

Traction

At the February 2023 funding announcement, the company was said to have more than 15 enterprise and government customers and collaborations with more than 30 universities. Reported deployments include SoftBank Corp.'s use of AQtive Guard to identify cryptographic and certificate vulnerabilities in large-scale networks, plus customer relationships with Vodafone Business, Mount Sinai Health System and Wix.

Latest developments

Recent activity includes a definitive agreement for a $500 million CHIPS R&D award for discovering new chipmaking materials, availability of Large Quantitative Models through LLM interfaces including a partnership with Anthropic's Claude, general availability of LQMs on Google Cloud (January 2025), a joint synthetic molecule dataset with Nvidia for AI-driven drug discovery (June 2025), the AQCat25 spin-aware foundation models for catalysis, and the introduction of solid-state battery modeling AI.

Full profile — market position, technology, go-to-market, geography, history

Market position

Positioned as an independent AI-plus-quantum software platform rather than a quantum hardware vendor, and characterized as one of the best-capitalized independent players in the AI + quantum category, with backing from prominent technology investors and strategic partnerships with cloud and GPU providers.

Focus on commercializing quantum-adjacent software and AI today rather than building quantum computing hardware; a multi-vertical portfolio spanning cybersecurity, sensing/navigation and simulation; and Large Quantitative Models intended to produce grounded quantitative outputs from physical models rather than generative text.

Technology

Post-quantum cryptography modules and cryptographic discovery/management tooling (AQtive Guard); quantum sensing and navigation for GPS-denied environments, including magnetocardiography research; and Large Quantitative Models that combine AI with physics, chemistry and biology simulation, including spin-aware machine learning potentials for heterogeneous catalysis (AQCat25) and solid-state battery modeling. Software runs on classical high-performance and GPU-accelerated infrastructure and is offered via cloud platforms and through LLM interfaces.

Go-to-market

Direct enterprise and government sales into large accounts, co-selling with cloud and silicon partners such as Google Cloud and Nvidia, and long-horizon projects around cryptography modernization, navigation and sensing deployments, and simulation programs. The company also cultivates university relationships, working with more than 30 universities and training graduate students from institutions including Stanford, Harvard, MIT, Oxford, Cambridge, Imperial College, Max Planck Institute, Caltech, UC Berkeley, Columbia, ASU and Yale.

Large enterprises and government agencies in telecommunications, financial services, healthcare, pharmaceuticals, energy, chemicals and materials, defense and public sector. Disclosed customers include Vodafone Business, SoftBank's mobile/telecommunications business, Mount Sinai Health System and Wix.

Geography

Headquartered in Palo Alto, California, USA, with a global customer base and multi-country initiatives reported across the Middle East, Europe and North America, including work with Saudi Aramco and Bahrain's Mumtalakat.

History

The team and its work began inside Alphabet Inc. between 2016 and 2022, where CEO Jack Hidary previously led quantum computing research at Alphabet's X lab. The company launched publicly on March 22, 2022 out of Palo Alto, California, announcing its investors, board chair Eric Schmidt, advisors and initial customers, with 55 engineers, scientists and technologists at launch. It raised a $500 million round announced in February 2023, and by 2025 was reported to have raised roughly $950 million at a valuation of about $5.75 billion. In 2025 it signed a definitive agreement for a $500 million U.S. CHIPS R&D award for work on new chipmaking materials.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employees at launchMar 202255 people
Enterprise and government customersFeb 202315 customers
Total capital raisedApr 2025$950M
University collaborationsFeb 202330 universities
ValuationApr 2025$5.8B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Sandbox AQ for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase I2023$74.9K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 8

launches, deals, and filings
Jun 2025
Nvidia collaboration on synthetic molecule dataset for drug discovery

SandboxAQ and Nvidia announced a synthetic molecule dataset and associated tools optimized for GPU-accelerated pipelines to accelerate AI-powered drug discovery.

source ↗

Jan 2025
Anthropic partnership makes LQMs accessible via Claude

SandboxAQ's large quantitative models were made available through LLM interfaces, including via Anthropic's Claude.

source ↗

Jan 2025
Solid-state battery modeling AI introduced

SandboxAQ introduced AI for solid-state battery modeling, alongside the AQCat25 spin-aware foundation models for heterogeneous catalysis.

source ↗

Jan 2025
Large Quantitative Models made available on Google Cloud

SandboxAQ made its large quantitative models broadly available on Google Cloud, enabling pharmaceutical and financial firms to run simulations with cloud-scale compute.

source ↗

Jan 2025
Definitive agreement for $500 million CHIPS R&D award

SandboxAQ signed a definitive agreement for a $500 million U.S. CHIPS R&D award tied to finding new chipmaking materials.

$500M source ↗

Feb 2023
Sandbox AQ raises $500 million

The company closed a $500 million funding round with participation from Breyer Capital, T. Rowe Price funds, TIME Ventures and chairman Eric Schmidt.

$500M source ↗

Mar 2022
Eric Schmidt named chairman of the board

Former Alphabet chairman and CEO Eric Schmidt became chairman of Sandbox AQ's board of directors and an investor.

source ↗

Mar 2022
Sandbox AQ launches as an Alphabet spin-out

Sandbox AQ officially launched in Palo Alto, announcing investors, board chair Eric Schmidt, partners, advisors and initial customers including Vodafone Business, Softbank Mobile, Mt. Sinai Health System and Wix.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Sandbox AQ do?
SandboxAQ is an Alphabet spin-out applying AI and quantum techniques to cryptography, sensing, simulation and drug discovery.
Who founded Sandbox AQ?
Sandbox AQ was founded by Jack Hidary in 2021.
Who are Sandbox AQ's investors?
Sandbox AQ's investors include Allianz X, Avant Global LLC, Breyer Capital, Elaia, FPV, In-Q-Tel, Moonshots Capital, Paladin Capital Group and 11 more.