California-based quantum software startup SandboxAQ has acquired Canada-based quantum simulation company Good Chemistry for an undisclosed amount. The transaction is reportedly SandboxAQ's first acquisition in the AI simulation sector.
Following the acquisition, SandboxAQ will integrate Good Chemistry's software, QEMIST Cloud and Tangelo, into its enterprise software portfolio to enhance its computational chemistry and simulation abilities. SandboxAQ will also broaden its team with a range of experts, including AI software developers and quantum computing scientists from Good Chemistry.
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