CuspAI Raises $450 Million Series B at $2.6 Billion Valuation
Cambridge-based startup CuspAI has raised a $450 million Series B funding round, increasing its valuation to $2.6 billion. The investment was co-led by Kleiner Perkins and NEA, with participation from Bezos Expeditions and the UK Sovereign AI Venture Fund. The round brings the company's total funding to more than $580 million.
Alongside the financing, CuspAI launched the AI Materials Foundry, a coalition of 48 partners including Nvidia, Meta, Samsung, Hyundai Motor Group and Applied Materials. The initiative aims to use the company's artificial intelligence platform to accelerate the design of new materials for semiconductor manufacturing, clean energy and advanced industrial applications.
From the sources (7 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.
@reutersUK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials
@tradedvcCambridge-based CuspAI has raised $450 million in a Series B round led by Kleiner Perkins and NEA, boosting its valuation to $2.6 billion and bringing its total funding to more than $580 million. Alongside the raise, the company launched th
@businessJeff Bezos is among the investors participating in a $450 million funding round for UK-based startup CuspAI, which uses AI to discover new materials for semiconductor chips.