CuspAI lands $450m round to accelerate AI materials discovery
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CuspAI, a Cambridge-based AI materials discovery startup founded in 2024, raised $450m in Series B funding led by Kleiner Perkins and NEA, valuing the company at $2.6bn. The round more than quadrupled the company's valuation from its $100m Series A in September 2023, with participation from Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, and others. CuspAI will use the capital to expand operations globally and launched its AI Materials Foundry network with 45 founding members including Nvidia, Meta, Samsung, and Hyundai to accelerate discovery of new materials for semiconductors, clean energy, and manufacturing.
