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On January 9, 2024, SandboxAQ announced its acquisition of Good Chemistry, a computational chemistry company specializing in AI and quantum technologies for drug discovery and materials design. The integration added Good Chemistry’s QEMIST Cloud and Tangelo platforms to SandboxAQ’s portfolio, bolstering its AI simulation capabilities. Founder Arman Zaribafiyan joined SandboxAQ as Head of Product for AI Simulation Platforms. Transaction value was not disclosed.
Blake, Cassels & Graydon LLP advised SandboxAQ, while Fasken represented Good Chemistry.
Parties
Company
SandboxAQ
Company
Good Chemistry Inc.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
09 January 2024