CuspAI Raises $450 Million Series B at $2.6 Billion Valuation to Launch AI Materials Foundry
CuspAI raised a $450 million Series B funding round at a $2.6 billion valuation, led by Kleiner Perkins and NEA.
CuspAI used the funding to launch the AI Materials Foundry, a global network combining data, laboratory infrastructure, and computing power to accelerate the design of new materials for semiconductors, clean energy, and advanced manufacturing. The round also included participation from the UKSovereignAI fund.
From the sources (4 posts)
@sebjohnsonukHOT DAMN @cusp_ai has just raised one of the largest Series Bs ever in the UK. $450m at a $2.6bn valuation led by @kleinerperkins (@josh_coyne) and @NEA. @ac_edwards_1 and @wellingmax have built a generative AI platform to accelerate the
@wellingmaxToday, @CuspAI is launching the ‘AI Materials Foundry’ - a global network of data, labs, compute, and deep scientific expertise dedicated to the design of novel materials.
@techmemeCambridge-based CuspAI raised a $450M Series B led by Kleiner Perkins and NEA, and launched a coalition for AI materials discovery for chip and other industries (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@cusp_aiIntroducing CuspAI’s AI Materials Foundry. We’re launching a global network to fundamentally accelerate how we discover and design the physical building blocks of our world.