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spinoff 鈥� an AI and quantum computing startup 鈥� added another $150 million to its Series E from the likes of and .

The add-on comes less than four months after the company announced it had raised a $300 million round at a $5.6 billion valuation.

Other investors in the Series E add-on include , and .

SandboxAQ is looking at the related effects of both AI and quantum 鈥� which is where the company gets the 鈥淎Q鈥� in its name 鈥� to develop commercial products for telecom, financial services, healthcare, 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.

In March 2022, Alphabet officially spun off its 6-year-old quantum tech group 鈥� SandboxAQ 鈥� which emerged as its own company after closing a $500 million financing round and naming former CEO chairman.

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

SandboxAQ has raised over $950 million, per the company.

Google tech

This is the second massive round from an Alphabet/Google spinout this week.

Earlier, raised $600 million in its first external funding round as the company looks to apply artificial intelligence to the drug development process.

That round was led by with participation from . The London-based AI company will receive follow-on capital from existing investor .

Isomorphic was spun out of Google鈥檚 in 2021.

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Related reading:

• Alphabet-Backed Isomorphic Labs Raises $600M For AI Drug Development
• Quantum Computing Hits New Venture Dollar Highmark
• Alphabet Spins Off Quantum Company SandboxAQ; New Company Closes 鈥楴ine-Figure鈥� Round

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