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Connects decision-makers and solutions creators to what's next in quantum computing
Combined software and talent portfolio aims to accelerate drug discovery and materials design
January 12, 2024
SandboxAQ has acquired Good Chemistry, a computational chemistry company that uses AI, quantum and other advanced technologies to accelerate drug discovery and materials design.
This is SandboxAQ’s second acquisition, following Cryptosense in 2022.
The company said Good Chemistry’s team of computational and quantum chemists, AI software developers, machine-learning engineers and quantum computing scientists, as well as its technology, would enhance its existing computational chemistry and simulation capabilities.
Good Chemistry has previously worked with materials science multinational Dow and global Japanese chemical manufacturer Dī Ai Shī Kabushiki-gaisha.
“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 SandboxAQ vice president of product Nadia Carlsten.
“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.”
Good Chemistry founder and CEO Arman Zaribafiyan will join SandboxAQ as head of product for AI simulation platforms.
"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.
The Good Chemistry software joining SandboxAQ’s portfolio includes QEMIST Cloud, a software-as-a-service-based computational chemistry platform and Tangelo, an open-source, quantum computing software development kit for end-to-end chemistry workflows and rapid experimentation.
The company’s investors include Green Sands Equity, Allianz, Fujitsu, Agentis Capital and WorldQuant Ventures, who now join the SandboxAQ investor base.
“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 Green Sands Equity CEO Reema Khan.
“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.”
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