Alphabet's quantum tech group Sandbox spins off into an independent company

It will be led by CEO Jack Hidary.Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum annual meeting in Davos, on January 22, 2020.'s quantum technology group, is spinning off into an independent company, it announced Tuesday..

It operated as a separate group outside of Alphabet's well-known moonshots division, X, which has spun off a handful of its companies into its "other bets" segment.The company, which has already gained a number of high-profile investors and clients, is pursuing enterprise software that at least partially uses quantum tech. Based in Palo Alto, California, the company has 55 employees.

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