From CNBC: 2025-05-08 15:06:00

Private investment firms of the ultra-rich, impacted by President Trump’s tariffs, reduced deal-making in April. Single-family offices made 40 direct investments, down 31% month-to-month, per Fintrx data. AI-related startups remain popular, with SandboxAQ raising $450 million in its Series E round, attracting investors like Jim Breyer and Marc Benioff.

SandboxAQ, a quantitative AI firm spun off from Alphabet, secured funding from billionaires and family offices, including Google, Nvidia, and Bridgewater. The company, chaired by Eric Schmidt, focuses on AI and quantum technology for industries like drug discovery and financial modeling. Experienced family offices provide valuable guidance and support to SandboxAQ.

Professionally managed family offices and institutions increasingly invest in deep-tech startups like SandboxAQ. These investors recognize the lower risk and long-term potential of companies with deep technological moats. Family offices prioritize technical knowledge and a long-term perspective when deciding on investments in innovative tech companies.

Investors like Jim Breyer and Ray Dalio engage in multiple discussions with SandboxAQ CEO Jack Hidary before committing funds. Hidary emphasizes the importance of aligning with investors who have a long-term vision for building a top-tier tech company. Family offices seeking quick returns may not be the right fit for SandboxAQ’s ambitious growth plans.



Read more at CNBC: SandboxAQ fundraise stands out in drab April for family office deals