SandboxAQ, a leader in enterprise quantitative AI, announced the addition of Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA to its Series E funding round that raised over $450 million. These investments emphasize the confidence in SandboxAQ’s vision and the transformative power of its Large Quantitative Models (LQMs), which are transforming how enterprises leverage AI to address complex scientific and quantitative challenges.
Launching out from Alphabet in 2022, SandboxAQ raised over $950 million to advance its quantitative AI platforms across biopharma, chemistry, materials science, cybersecurity, and financial services.
These new investors join a notable 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. And this expanded support strengthens SandboxAQ’s leadership in AI and quantum technologies, driving innovation across multiple industries.
KEY QUOTES:
“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. I look forward to working with SandboxAQ to explore innovative solutions at the cross-roads of AI and quantum techniques.”
– Olivier Osty, BNP Paribas Head of Corporate & Institutional Banking Global Markets
“I bet on the SandboxAQ team and its approach to Large Quantitative Models (LQMs) because I’m impressed by them both.”
– Ray Dalio, Founder, Bridgewater Associates
