Sandbox AQ Gets Backing From CIA’s Venture Capital Arm
- Paladin Capital also joins software firm’s first fundraising
- The post-quantum cryptography market could be worth billions
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The Central Intelligence Agency’s venture capital firm has invested in Sandbox AQ, a Google software spinoff that is focused on harnessing artificial intelligence and quantum science.
The CIA’s In-Q-Tel was joined by Paladin Capital Group, which backs innovative tech companies, in Sandbox AQ’s first round of fundraising. The round -- which was oversubscribed -- has garnered “well into the nine figures,” Sandbox AQ Chief Executive Officer Jack Hidary said in an interview.