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Valuation$2.6B1, 2
Valuation DateJul 20, 2026
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Total Funding$650M3
Latest Round Amount$450M2
Latest RoundSeries B
Funding Rounds3
IPO StatusUnknown
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About CuspAI

CuspAI is a European artificial intelligence company that builds a search engine for new materials. Users specify the chemical and physical properties they need and the platform generates and evaluates synthesizable molecular structures, making discovery up to ten times faster than traditional lab-driven methods. The company makes money through partnerships with industrial customers such as Meta, ASML, Samsung and Hyundai Motor Group, which use its platform to design materials for semiconductors, carbon capture and clean energy. It also runs the AI Materials Foundry, a global network of more than 45 partners including Nvidia and Meta that combines data, labs, compute and scientific expertise for materials design. CuspAI was co-founded in 2024 by chemist Chad Edwards and AI researcher Max Welling, with Nobel laureate Geoffrey Hinton serving as an advisor.

Categories Artificial Intelligence, Materials Science
Founded 2024
Country United Kingdom
CEO Chad Edwards
Founders Chad Edwards, Max Welling
Headquarters Cambridge, United Kingdom

News

Bezos backs CuspAI as startup teams up with Nvidia to hunt for chipmaking materials

Jeff Bezos' Bezos Expeditions has invested in British startup CuspAI, which is using artificial intelligence to find new materials. CuspAI has also launched a new partnership with Nvidia and others to...

Other symbols: NVDA
8 days ago - CNBC

Bezos Backs Startup Focused on Material Discovery for Chipmaking

CuspAI closed a $450M Series B round valuing the company at $2.6B, with Jeff Bezos's Bezos Expeditions participating alongside Kleiner Perkins and NEA as the startup expands lab operations.

8 days ago - Bloomberg

Launching our 'AI Materials Foundry' — and $450 million Series B

CuspAI announced a $450 million Series B at a $2.6 billion valuation and launched the AI Materials Foundry, a global network of 45+ partners including NVIDIA, Meta, Samsung, and Hyundai.

8 days ago - CuspAI

Jeff Bezos and UK government invest in £2bn British startup CuspAI

CuspAI raised $450 million from investors including Jeff Bezos and the UK's sovereign AI fund, valuing the Cambridge materials-discovery startup at $2.6 billion.

8 days ago - The Guardian

CuspAI Launches 'AI Materials Foundry' a Global Network to Accelerate Breakthrough Discoveries

CuspAI launched the AI Materials Foundry with 45+ founding partners and announced a new multi-year A*STAR partnership for AI-driven materials discovery in semiconductors and carbon capture.

8 days ago - Business Wire

New AI-Designed Materials Show Promising Potential to Remove "Forever Chemicals" from Drinking Water in Industry-First Breakthrough

Kemira and CuspAI used generative AI to design new materials targeting PFAS removal from drinking water at trace concentrations, exploring roughly 300 trillion possible structures in six months. About...

2 months ago - Kemira

Hyundai Motor Group and CuspAI Partner to Accelerate Material Innovation Using AI

Hyundai Motor Group announced a strategic partnership with CuspAI to accelerate the development of next-generation materials for future mobility using AI, signed in Cambridge, UK.

9 months ago - Hyundai Motor Group

CuspAI tops Sifted's ranking of 100 standout AI startups in Europe

CuspAI ranked first on the inaugural Sifted AI 100, a ranking of the most promising European AI startups valued under $1 billion.

9 months ago - Sifted

CuspAI, startup building AI models for chemistry, raises $100 million Series A at $520 million valuation

CuspAI raised a $100 million Series A led by New Enterprise Associates and Temasek, with participation from NVentures, Samsung Ventures and Hyundai Motor Group, valuing the company at $520 million.

11 months ago - Fortune

CuspAI raises $30M to create a GenAI-driven search engine for new materials

CuspAI emerged from stealth with a $30 million seed round led by Hoxton Ventures, with participation from Basis Set Ventures and Lightspeed Venture Partners, to build a generative AI search engine for...

2 years ago - TechCrunch