Parkway Venture Capital, an emerging, NYC-based venture firm announced their investment in Sandbox AQ, an enterprise SaaS company delivering solutions that leverage quantum tech and AI. Terms of the investment were not disclosed.
Founded in 2016 by successful serial entrepreneur, CEO and author Jack D. Hidary, the inspiration for Sandbox AQ and some of the team originated at Alphabet Inc. In 2022, Sandbox AQ became an independent company that develops quantum AI solutions for financial services, healthcare, computer security, the U.S. government and other computationally-intensive sectors.
Jack Hidary’s vision and the company’s potential quickly attracted some of the world’s top scientists, business leaders and investors.
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“At Parkway, we are focused on technology companies that are using AI, complex engineering and data science to enable the advanced simulations that power tomorrow’s possibilities,” said Jesse Coors-Blankenship, co-founder and managing partner, Parkway. “Sandbox AQ is focused on what we believe to be the sweet spot of innovation and with Jack Hidary’s leadership, Sandbox AQ is positioned to be a catalyst of innovation for decades to come!”
“We are confident that Sandbox AQ has a strong potential to disrupt and redefine the status quo in key industries,” said Gregg Hill, co-founder and managing partner, Parkway. “We are proud to add Sandbox AQ to our portfolio of future-forward companies that have a vision to succeed and drive change.”
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Sandbox AQ, which launched today with several prominent customers including Vodafone Business, Softbank Mobile, WIX, and the U.S. federal government, has already begun delivering quantum and AI applications that solve real-world business and scientific challenges. The company will use the funds from Parkway VC to grow its world-class, multi-disciplinary team of engineers, scientists and technologists and increase its ability to bring transformative technologies to market.
“Jesse and Gregg deeply understand the AI landscape, data science and complex engineering,” said Jack Hidary, CEO of Sandbox AQ. “We’re excited to have them as investors because they have a unique viewpoint on the future of technology that aligns with our vision and product roadmap.”
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