Stock Groups

Alphabet’s quantum tech group Sandbox spins off into an independent company


Sundar Pichai, Alphabet’s CEO gestures at the World Economic Forum (WEF), annual meeting in Davos on January 22, 2020.

Getty Images| AFP | Getty Images

Sandbox, AlphabetThe announcement Tuesday by the company that its quantum technology group is now an independent entity was made.

Alphabet was quiet regarding Sandbox. It launched in 2016. Jack Hidary. This group was independent of Alphabet’s moonshots division, X. X has since spun off a few of the companies from its other bets segment.

Hidary will continue to be Sandbox AQ’s CEO.

This company has attracted a lot of attention from investors and clients. It is currently looking into enterprise software which uses quantum technology. The company employs 55 people and is based in Palo Alto (California).

Breyer Capital and Eric Schmidt (ex-Google CEO) are among the investors SalesforceMarc Benioff, chief of TIME Ventures and T. Rowe Price. The company announced that Schmidt will be taking over the chairmanship of the board. release.

Softbank Mobile is one of its customers VodafoneSandbox stated that New York’s Mount Sinai Health System is also available.

Subscribe to CNBC on YouTube.