Sandbox AQ, the AI and quantum agency spun out of Google dad or mum firm Alphabet in 2022, has acquired Good Chemistry, a Vancouver-based quantum and computational chemistry startup, for an undisclosed sum.
Good Chemistry, based by Arman Zaribafiyan in 2021 as a spin-off of quantum computing firm 1QBit and backed by traders together with Inexperienced Sands Fairness and Accenture Ventures, provides cloud-based instruments to speed up materials design. Good Chemistry’s platform lets chemistry builders construct chemical simulation apps and workflows utilizing algorithms in quantum chemistry and machine studying in addition to quantum computing.
In a press launch, Sandbox AQ VP Nadia Carlsten mentioned that the acquisition will broaden Sandbox’s international presence along with including “proven technologies,” together with simulation applied sciences, and main prospects (comparable to Dow Chemical) to its portfolio. New traders are part of the deal, too — all of Good Chemistry’s backers have joined Sandbox AQ’s investor base, Carlsten added.
“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,” Carlsten mentioned. “Combining our capabilities will give Sandbox AQ 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.”
Sandbox AQ sees simulation as more and more central to its work, which spans drug discovery and materials design throughout the agricultural, protection, power, medical and manufacturing sectors. With Good Chemistry, the corporate positive factors 25 computational and quantum chemists, AI and software program engineers and quantum computing scientists expert in leveraging simulation tech; tellingly, Zaribafiyan is becoming a member of Sandbox as head of product for simulation platforms whereas Good Chemistry’s employees is assuming roles in Sandbox’s present simulation groups.
“The rapid advances in AI, quantum, cloud and high-performance computing have unlocked endless opportunities for companies like Good Chemistry and Sandbox AQ 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,” Zaribafiyan mentioned in a canned assertion. “[Tapping] the broader Sandbox AQ reach and domain expertise will supercharge the capabilities of our platform.”
As a part of the acquisition, Sandbox AQ says that it’ll combine Good Chemistry’s software program, Qemist Cloud and Tangelo, into its enterprise software program portfolio. Qemist lets person make the most of quantum chemistry by way of simulation, whereas Tangelo permits them to conduct chemistry experiments throughout quantum cloud suppliers and {hardware} gadgets.
Good Chemistry is Sandbox’s second acquisition. In 2022, it purchased Cryptosense, an enterprise-focused software-as-a-service cybersecurity and encryption startup.
