兔子先生传媒

officially spun off its 6-year-old quantum tech group鈥擲andboxAQ鈥攚hich emerged as its own company after closing an 鈥渘ine-figure鈥� financing round and naming former CEO chairman.

Investors in the round include , Eric Schmidt, , , funds and accounts advised by , , , , and other funds and investors.

The exact dollar amount and terms of the deal were not disclosed.

SandboxAQ is looking at the related effects of both AI and quantum鈥攚hich is where the company gets 鈥淎Q鈥濃�攖o develop commercial products for telecom, financial services, health care, security and other computationally intensive sectors. The company already is working with a handful of customers on enterprise software and cybersecurity tools related to quantum computing.

The company鈥檚 55 engineers, scientists and technologists will be led by serial entrepreneur and CEO .

Quantum computing is a level of compute much faster and at a level superior to classical computers that examines quantum states to perform computation.

While not a reality yet, investors see potential. Venture dollars in the sector hit a record level last year with more than $800 million invested in quantum, according to 兔子先生传媒. That number includes Palo Alto-based 鈥檚 $450 million Series D last July at a $3.1 billion valuation.

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