AI startup SandboxAQ adds Nvidia, Google as backers, raises additional $150 million

FILE PHOTO: NVIDIA logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

SandboxAQ, a startup drawing on quantum computing techniques to develop quantitative artificial intelligence models for enterprises, said it has raised $150 million from new investors including Google, Nvidia and BNP Paribas.

The investment has increased SandboxAQ's Series E round to $450 million, valuing the startup at $5.75 billion. With this, SandboxAQ's total funding has reached $950 million, with T. Rowe Price Associates and Breyer Capital among backers.