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Alphabet Spinoff Sandbox AQ Bags $500M for Quantum Security  

Sandbox AQ, which spun off from Google parent Alphabet last year, has secured $500 million to secure clients’ networks against the potential risks of quantum computing. So reports Reuters.

dollar 3706548 640 smallSandbox AQ CEO Jack Hidary said the startup’s software helps companies determine which parts of their systems need to be updated urgently to protect against the prospective rise of quantum computers, which could theoretically break through traditional encryption.

Investors in Sandbox AQ include ex-Google CEO Eric Schmidt, who also serves as the startup’s chairman, along with Breyer Capital, T. Rowe Price funds and Salesforce.com founder Marc Benioff’s TIME Ventures.

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