Exclusive-Alphabet spinoff Sandbox AQ raises $500 million for cyber security, other quantum work


FILE PHOTO: A handout picture from October 2019 shows a component of Google's Quantum Computer in the Santa Barbara lab, California, U.S. Picture taken in October 2019. Google/Handout via REUTERS

OAKLAND, Calif. (Reuters) -Sandbox AQ, a startup spun off from Alphabet Inc last year, said on Tuesday it raised $500 million as it helps customers prepare for a quantum computing future.

Quantum computers, whose processors run based on quantum physics, could one day carry out certain calculations millions of times quicker than today's fastest super computers, yet they remain years away from making a big change, such as breaking encryption.

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