SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI

SandboxAQ raised more than $300 million in new funding at a $5.3 billion valuation, the initial tranche of what later grew into its Series E round. The investor group included Parkway Venture Capital, T. Rowe Price, Fred Alger Management, Mumtalakat, Breyer Capital, Eric Schmidt, and Marc Benioff. SandboxAQ builds Large Quantitative Models (LQMs), AI systems grounded in physics and chemistry equations rather than general text, and applies them to problems such as drug discovery and materials design; customers already using the technology include AstraZeneca, Sanofi, and battery maker NOVONIX. Parkway Venture Capital was an investor in this round.

Read the full article: SandboxAQ's funding announcement