Cyber security startup Sandbox AQ raises US$500 million
Quantum computing software firm Sandbox AQ, a startup which spun off from Alphabet Inc. last year, said on Tuesday it has raised a US$500 million round, according to reports.
Breyer Capital, T. Rowe Price funds and Salesforce Inc. founder Marc Benioff’s TIME Ventures all participated in the round, as did its Chairman Eric Schmidt, the former chief executive of Google LLC.
Sandbox AQ is led by CEO Jack Hidary, who previously led quantum computing research at Alphabet’s X lab. Its main focus is on building post-quantum cryptography software, which is a new approach to data encryption designed to withstand attacks from quantum computers.
It’s believed that quantum computers could one day perform calculations millions of times faster than today’s most powerful supercomputers. The fear is that hackers are already preparing for the day when quantum computers are ready and accessible to launch attacks that could render today’s encryption methods useless.
Sandbox AQ’s software works by scanning enterprise’s information technology systems to identify areas still using older cryptography standards.
-- Contact us at [email protected]
-
Equip young people for the future Dr. Winnie Tang
In late February, the inaugural flight of an air taxi from Shenzhen Shekou Cruise Homeport to Zhuhai Jiuzhou Port took only 20 minutes with an estimated one-way ticket price of 200 to 300 yuan per
-
Are we raising a generation of leaders, or of followers? Brian YS Wong
The essence of education is defined not by the facts it imparts, but the potential knowledge it inspires students to individually pursue on their own. Put it this way – the ideal form of education
-
The urgent need for reforms to sex education in Hong Kong Sharon Chau
Nearly one in every four university students (23%) in Hong Kong has been sexually harassed, according to a 2019 report published by the Equal Opportunities Commission (EOC). A 2019 study found that
-
STEAM should be linked to real life Dr. Winnie Tang
In the 2017 Policy Address, STEM (science, technology, engineering and mathematics) education was proposed as one of the eight major directions to promote I&T development. Since then, funding has
-
Let trees speak for themselves Dr. Winnie Tang
I often say that smart cities start with smart planning, but smart planning presupposes adequate, systematic and up-to-date data. This is important not only for city administration, but also for tree
