An independent company has been spun off from Alphabet's quantum tech group Sandbox.
- An independent company is being formed from Alphabet's quantum technology group, which is known as Sandbox.
- It will be led by CEO Jack Hidary.
An independent company is being formed from Sandbox's quantum technology group, as announced on Tuesday.
Jack Hidary launched Sandbox in 2016, which has been relatively quiet about its operations. Unlike X, Alphabet's well-known moonshots division, Sandbox operated as a separate group and has not been spun off into the "other bets" segment.
Hidary will remain as CEO of Sandbox AQ.
The Palo Alto, California-based company with 55 employees is pursuing enterprise software that incorporates quantum tech, having already secured high-profile investors and clients.
The company announced that its investors include former Google CEO Eric Schmidt, Breyer Capital, Marc Benioff's TIME Ventures, and T. Rowe Price. Schmidt will assume the role of chairman of the board.
Softbank Mobile and New York's Mount Sinai Health System are among the customers of Sandbox, the company announced.
technology
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