Software-led economics in a hardware-dominated table: its rows shift the median far more than they shift the total.
2 published financings~$950M disclosed total#4 global rank
Company record
This profile is a single-company view of the same public ledger that builds the global ranking. Figures are disclosed amounts, not valuations; an empty cell means the source did not publish a number.
The values below are computed on this build from the live dataset. They are measurements, not commentary.
Share of all tracked capital
5.63%
Median, same technology
$85M
Median, same region
$370M
Nearest larger peer (same technology)
IonQ · $1.5B
Nearest smaller peer (same technology)
D-Wave Quantum · $900M
Published financing events
2
Cash disclosed across those events
$950M
Policy / public-market events
0 / 0
Unreviewed auto-collected events
0
Syndicated reports merged into these rows
0
Recorded financings
Spin-out financing~$500M
The ~$500M here is spin-out financing associated with Alphabet, which is a different instrument from an external venture round and should not be read as a market price for the company. SandboxAQ sells AI and quantum-adjacent algorithm software, so its capital intensity is structurally lower than the hardware rows that dominate this ranking. That difference is why we flag it in the methodology: mixing spin-out capital with priced rounds inflates software entries relative to fab-building peers.
Time, TechCrunchhow to verify ↗Alphabet (origin)🇺🇸 United States
Late-stage round~$450M
A late-stage ~$450M round three years after the Alphabet spin-out shows the company raising again on its own commercial story rather than on parent-company capital. SandboxAQ remains one of the few software-led rows in a hardware-dominated ranking, so its inclusion shifts the median more than the total. TechCrunch is the cited source; the round label is late-stage rather than a priced Series letter.
The spin-out financing was announced as a company-level commitment, not a priced syndicate round. Comparing it directly with a Series B of the same size overstates what the two numbers mean.