SandboxAQ has acquired Good Chemistry, a computational chemistry company that uses AI and quantum technologies to speed up drug discovery and materials design. Good Chemistry, which was spun out of 1Qbit in 2021, is SandboxAQ’s first acquisition in the AI simulation sector. The acquisition will boost SandboxAQ’s computational chemistry and simulation capabilities.
Good Chemistry’s founder and CEO, Arman Zaribafiyan, will join SandboxAQ as Head of Product for AI Simulation Platforms. SandboxAQ will integrate Good Chemistry’s software, QEMIST Cloud and Tangelo, into its enterprise software portfolio. Good Chemistry is backed by investors including Green Sands Equity, Allianz, Fujitsu, Agentis Capital, and WorldQuant Ventures.
SandboxAQ Acquires Good Chemistry: A Strategic Move in AI Simulation for Drug Discovery and Material Science
Palo Alto-based enterprise SaaS company, SandboxAQ, has announced the acquisition of Good Chemistry, a computational chemistry company that uses AI, quantum, and other advanced technologies to expedite drug discovery and materials design. The financial details of the acquisition remain undisclosed.
Good Chemistry, a spin-off from 1Qbit in 2021, is SandboxAQ’s second acquisition and its first in the AI simulation sector. This acquisition is expected to bolster SandboxAQ’s existing computational chemistry and simulation capabilities, adding experienced talent, proven technologies, and deep industry insights from working with leaders in the life sciences and advanced materials fields, including Dow.
The Impact of the Acquisition on SandboxAQ’s Capabilities
Dr. Nadia Carlsten, Vice President of Product at SandboxAQ, believes that Good Chemistry’s software and existing partnerships will enable SandboxAQ to rapidly accelerate the benefits of advanced simulation and AI tools to more customers. The combination of capabilities will provide SandboxAQ with an advanced and scalable computing platform for highly accurate chemical simulation on a scale that makes impactful use cases such as new drug and material synthesis possible.
Arman Zaribafiyan, founder and CEO of Good Chemistry, will join SandboxAQ as Head of Product for AI Simulation Platforms. The company’s computational and quantum chemists, AI software developers, machine-learning engineers, and quantum computing scientists will join the existing SandboxAQ simulation teams.
Integration of Good Chemistry’s Software into SandboxAQ’s Portfolio
As part of the acquisition, SandboxAQ will integrate Good Chemistry’s software – QEMIST Cloud and Tangelo – into its growing enterprise software portfolio.
QEMIST Cloud is a robust, SaaS-based computational chemistry platform designed to run high-accuracy, high-throughput quantum simulations on both classical and quantum computing hardware. The platform allows customers to leverage its quantum chemistry capabilities, without investing in new IT infrastructure or needing quantum computing expertise. Its use-cases extend across multiple industries, including biopharma, chemical, oil and gas, automotive, and many others that leverage computational and quantum chemistry for developing advanced new materials. SandboxAQ will continue to develop and scale the platform, adding new technologies and capabilities.
Tangelo is an open-source, quantum computing SDK that supports end-to-end chemistry workflows and enables rapid experimentation across all major quantum cloud providers and quantum hardware devices. Tangelo provides tools to process molecular data, decompose complex chemistry problems, express these problems as quantum programs, execute the programs on cutting-edge hardware, and post-process the results to get the desired level of accuracy. Tagelo features a growing developer community and detailed documents and code available on GitHub.
Investor Base and Future Prospects
Good Chemistry is backed by Green Sands Equity and other leading investors including Allianz, Fujitsu, Agentis Capital, and WorldQuant Ventures, who now join the SandboxAQ investor base.
Reema Khan, CEO of Green Sands Equity, believes that AI-enabled simulation of matter is the next major technological evolution that will dramatically impact our world. She is excited about the potential of the combined capabilities of Good Chemistry and SandboxAQ in accelerating the adoption of these powerful simulation technologies.
SandboxAQ and Good Chemistry
SandboxAQ is an enterprise SaaS company, providing solutions at the nexus of AI and Quantum technology (AQ) to address some of the world’s greatest challenges. The company’s core team and inspiration formed at Alphabet Inc., emerging as an independent, growth-capital-backed company in 2022. SandboxAQ is backed by T. Rowe Price, Eric Schmidt (chairman of SandboxAQ), Breyer Capital, Guggenheim Partners, Marc Benioff, Thomas Tull, Paladin Capital Group, and other leading investors.
Good Chemistry is revolutionizing materials discovery and design by enabling high-accuracy quantum chemistry simulation at scale. Its QEMIST Cloud platform uses machine learning, quantum computing and emerging algorithms in quantum chemistry specifically engineered to leverage millions of compute-optimized microprocessors on demand. Headquartered in Vancouver, Canada, Good Chemistry is a team of accomplished computational and quantum chemists, software developers, AI engineers, and quantum computing scientists.
“Good Chemistry’s software and existing partnerships will enable us to rapidly accelerate how we bring the benefits of advanced simulation and AI tools to more customers,” said Dr. Nadia Carlsten, Vice President of Product at SandboxAQ. “Combining our capabilities will give SandboxAQ an advanced and scalable computing platform for highly accurate chemical simulation on a scale that makes impactful use cases such as new drug and material synthesis possible.”
“The rapid advances in AI, quantum, cloud and high-performance computing have unlocked endless opportunities for companies like Good Chemistry and SandboxAQ to reinvent the way we think about chemistry, discover ways to make products safer, stronger and more sustainable, and reshape the fabric of our world,” said Zaribafiyan. “Leveraging the broader SandboxAQ reach and domain expertise will supercharge the capabilities of our platform.”
“AI-enabled simulation of matter is the next major technological evolution that will dramatically impact our world – from developing safer, more effective new drugs to designing new advanced materials that will transform entire industries,” said Reema Khan, CEO of Green Sands Equity. “Arman and his team’s adeptness in building record-breaking simulation products at the cutting edge of computing, combined with Sandbox’s world-class team of innovators led by its visionary leader, Jack Hidary, will accelerate the adoption of these powerful simulation technologies. We are incredibly excited that Good Chemistry is joining the SandboxAQ team.”
Summary
SandboxAQ has acquired Good Chemistry, a computational chemistry company, to enhance its AI simulation capabilities for drug discovery and materials design. The acquisition will integrate Good Chemistry’s software, QEMIST Cloud and Tangelo, into SandboxAQ’s portfolio, providing a platform for highly accurate chemical simulation across various industries.
- SandboxAQ, a company specialising in AI and Quantum technology, has acquired Good Chemistry, a computational chemistry firm that uses AI and quantum technologies for drug discovery and materials design.
- Good Chemistry, which was originally a spin-off from 1Qbit in 2021, is SandboxAQ’s first acquisition in the AI simulation sector.
- The acquisition will enhance SandboxAQ’s computational chemistry and simulation capabilities, adding new technologies and industry insights from Good Chemistry’s partnerships in life sciences and advanced materials fields.
- Dr. Nadia Carlsten, Vice President of Product at SandboxAQ, believes the acquisition will accelerate the use of advanced simulation and AI tools for customers.
- Good Chemistry’s founder and CEO, Arman Zaribafiyan, will join SandboxAQ as Head of Product for AI Simulation Platforms.
- SandboxAQ plans to integrate Good Chemistry’s software, QEMIST Cloud and Tangelo, into its enterprise software portfolio.
- QEMIST Cloud is a computational chemistry platform that runs quantum simulations on both classical and quantum computing hardware, while Tangelo is an open-source quantum computing SDK that supports end-to-end chemistry workflows.
- Good Chemistry’s investors, including Green Sands Equity, Allianz, Fujitsu, Agentis Capital, and WorldQuant Ventures, will now join the SandboxAQ investor base.