Washington, D.C. – Paladin Capital Group congratulates its portfolio company SandboxAQ on its recent $500 million CHIPS R&D award from the U.S. Department of Commerce to advance U.S. leadership in semiconductor innovation. This award will strengthen the development of AI-accelerated materials discovery and bolster national and economic security.
This partnership enables SandboxAQ to implement its forward-thinking AI and quantum technology solutions to support American semiconductor manufacturing. SandboxAQ’s Large Quantitative Models (LQMs) and software platform will help secure critical materials that are necessary for semiconductor manufacturing, including PFAS-free process chemicals, advanced catalysts, rare earth-free magnets, and next-generation battery systems.
“SandboxAQ’s agreement with the U.S. government to bolster AI discovery and semiconductor innovation is a great accomplishment and a direct result of its commitment to advance our national security,” said Michael Steed, Paladin Capital Group Founder and Managing Partner. “Since investing in SandboxAQ in 2022 during its first fundraising round, Paladin has been pleased to witness the company’s acceleration and growth. Early on, we recognized that SandboxAQ would dominate in a market worth tens of billions of dollars and deliver important protections for our critical infrastructure.”
About Paladin Capital Group
Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, Luxembourg, and Silicon Valley. As a multi-stage, dual-use investor, Paladin’s core strength is identifying, supporting, and investing in innovative companies that develop promising, early-stage technologies to address the critical cyber, AI, defense and advanced technology needs of both commercial and government customers.
Combining proven investment experience with deep expertise in global security, cyber technology, and cutting-edge research, Paladin has invested in more than 88 companies since 2008 and has been a trusted partner to investors, entrepreneurs, and governments for over two decades.
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