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CuspAI

AI-powered materials discovery

Over $650 million
Total Raised

About CuspAI

Founded in 2024 and headquartered in Cambridge, UK, CuspAI is building an AI-native platform to accelerate the discovery of advanced materials for semiconductors, clean energy, electronics, carbon capture and advanced manufacturing.

The company’s AI Materials Foundry connects more than 45 global partners across industry, research laboratories and data providers, enabling organisations to move from material design and simulation to synthesis and validation on a single platform.

Its leadership team is advised by globally recognised AI and technology pioneers, including Nobel laureate Geoffrey Hinton, Turing Award winner Yann LeCun, former ASML CTO Martin van den Brink, and former Apple and Google AI executive John Giannandrea.

CuspAI’s proprietary AI platform, MIRA, can explore vast chemical search spaces and dramatically reduce the time required for materials research. In one customer project with Finnish chemicals company Kemira, the platform screened 300 trillion potential molecular structures, identified 20 validated novel candidates, and completed the discovery programme in six months, a process that traditionally takes years.

The company also collaborates with organisations including NVIDIA, Meta, Applied Materials, Samsung, Hyundai Motor Group, and leading universities and research institutes across Europe, Asia and North America

Founded 2024
Employees 11-50
Location Cambridge, United Kingdom

Founders

D
Dr. Chad Edwards
P
Prof. Max Welling

Funding History

Series B

20 July 2026
$450 million
VALUATION: $2.6 billion
Investors: Kleiner Perkins, NEA, Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, AMD Ventures, Tru Arrow Partners, StepStone, Britain's Sovereign AI Venture Fund, Invest-NL, Temasek, Basis Set Ventures, Giant Ventures, Touring Capital, Prosus, Phoenix Court, Northzone, John Doerr

Series A

10 September 2025
$100 million
VALUATION: $520 million
Investors: NEA, Temasek, NVentures, Samsung Ventures, Hyundai Motor Group and existing investors

Grant

10 July 2025
Not disclosed
VALUATION: Not disclosed
Investors: Not disclosed

Seed

18 June 2024
$30 million
VALUATION: Not disclosed
Investors: Hoxton Ventures, Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures

Frequently Asked Questions

What does CuspAI do?

CuspAI develops AI systems that discover and design new materials for industries including semiconductors, clean energy, advanced manufacturing, carbon capture and climate technology.

Who founded CuspAI?

CuspAI was founded in 2024 by Dr. Chad Edwards and Prof. Max Welling.

Where is CuspAI headquartered?

The company is headquartered in Cambridge, United Kingdom, with operations across Europe, Asia and the United States.

How much funding has CuspAI raised?

As of July 2026, CuspAI has raised over $650 million across Seed, Grant, Series A and Series B financing.

What is CuspAI's latest valuation?

Following its Series B funding announced in July 2026, CuspAI was valued at approximately $2.6 billion.

What is the AI Materials Foundry?

The AI Materials Foundry is CuspAI's global ecosystem of more than 45 partners that combines AI, scientific data, compute infrastructure and laboratories to accelerate materials discovery.

Latest News about CuspAI

Disclaimer: The information presented above is based on our internal editorial research and publicly available information from company websites, announcements, databases, and other online sources. While we strive to keep profiles accurate and up to date, we recommend conducting your own independent research before making any business, investment, or partnership decisions. Read our research methodology.

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Last Updated July 2026

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