Alphabet quantum spinout Sandbox AQ acquires Good Chemistry
Summary
Although the two companies did not disclose the financial terms, the Wall Street Journal reported that the deal is worth $75 million and comprises of cash and stock. As part of the acquisition, SandboxAQ will integrate Good Chemistry’s QEMIST Cloud and Tangelo technologies into its existing software solutions ecosystem. In addition, Good Chemistry’s founder and CEO Arman Zaribafiyan will become head of product for simulation platforms at SandboxAQ. “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.“ Commenting on the acquisition on LinkedIn, Zaribafiyan said that the deal represents a major milestone for both him and the Good Chemistry team. “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,” he wrote.