United States: Sandbox AQ acquires Good Chemistry

Alphabet quantum spinout Sandbox AQ has acquired quantum and computational chemistry startup Good Chemistry. Neither of the companies disclosed the terms of this acquisition. However, the Wall Street Journal reported that the deal is worth $75 million and comprises of cash and stock.

SandboxAQ said in a statement, “Arman shares our belief that AI and quantum technologies can solve some of our greatest challenges by unlocking the world of atoms through computational and quantum chemistry. We know Arman’s contributions, as well as those of Good Chemistry’s computational and quantum chemists, software developers, machine-learning engineers, and quantum computing scientists, will be invaluable in achieving our mission.“

Zaribafiyan wrote on LinkedIn, “The combined leadership, talent, and expertise of Good Chemistry and SandboxAQ accelerates our product development, expands the reach of our products and superchargers our ability to leverage the full potential of AI and advanced computing technologies in accelerating materials design and drug discovery.”