SandboxAQ Expands Series E Round with Strategic Investments from Ray Dalio, Google, NVIDIA & More
SandboxAQ, a global leader in enterprise quantitative AI, has announced the successful expansion of its Series E funding round, raising over $450 million. The round welcomed new strategic investors including Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA. This funding milestone highlights growing confidence in SandboxAQ’s vision and its groundbreaking work in Large Quantitative Models (LQMs), which are transforming how enterprises solve complex scientific and quantitative problems.
Since its spin-out from Alphabet in 2022, SandboxAQ has raised over $950 million to accelerate the development and application of its quantitative AI technologies across key sectors such as biopharma, chemistry, materials science, cybersecurity, and financial services.
These new investors join an already prestigious lineup supporting SandboxAQ, including Breyer Capital, Eric Schmidt, Alger, Paladin Capital, S32, TIME Ventures, and funds managed by T. Rowe Price Associates, Inc. Their support amplifies SandboxAQ’s leadership in the convergence of AI and quantum technology, paving the way for rapid innovation across 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 of Bridgewater Associates.