Sandbox AQ, a startup company established in 2022, has raised $500 million in funding to assist companies in preparation for the quantum computing future, focusing on Cyber Security projects. Sandbox is considered a pioneer in cyber security, quantum technologies, and AI. The firm has already signed up more than 15 industry and government customers and collaborates with 30 universities to train PhDs and other relevant skills.
Sandbox AQ is a Palo Alto-based corporate SaaS firm that provides solutions at the intersection of quantum technology and artificial intelligence (Artificial intelligence)—founded by CEO Jack D.Hidary, who specializes in commercial product development for telecommunications, financial services, healthcare, government, computer security, and other computationally-intensive industries.
Former Google CEO Eric Schmidt serves as chairman and investor in the firm. Breyer Capital, T. Rowe Price funds, and Salesforce.com Inc (CRM.N) founder Marc Benioff’s TIME Ventures are also among the other investors.
Quantum computing threatens National Security; Sandbox AQ delivers powerful quantum security software.
The United States government has identified quantum computing as one of the critical technologies for national security. Thus, a year ago, the National Institute of Standards and Technology, part of the U.S. The Commerce Department selected new cryptography standards that could withstand quantum computers.
According to CEO Jack Hidary, Sandbox AQ’s software scans firms’ systems and detects which components employ obsolete cryptography, identifies which need to be upgraded immediately, and sets out to harden enterprise encryption.
“Right now you have a lot of banks and pharma companies and governments still using these old protocols. The average bank takes five to seven years to migrate over. … Now, hopefully they’ll do their important customer private information first.”
Jack Hidary, ceo OF Sandbox AQ
Sandbox AQ over the past year
Sandbox has established a business supplying advanced simulation software to speed up drug and material development. According to Hidary, the simulation does not require quantum computers to function. He claims that in the previous 18 months, artificial intelligence chips have developed powerful enough to run some quantum physics math. As quantum computers become available, this effort will be accelerated much further.
Sandbox AQ has integrated the use of quantum-physics-based sensors. The company has developed a prototype machine to monitor the heart, which can detect minor changes in the earth’s magnetic field, making navigation systems far more precise.
Additionally, Sandbox AQ announced that it had obtained a contract with the United States Air Force to initiate research on quantum navigation systems.
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