Jeff Bezos and Sovereign AI back CuspAI in $450M raise
Tech.eu John Reynolds ● Covered by 2 sources
CuspAI, a UK materials-discovery AI startup, raised $450 million in Series B funding led by Kleiner Perkins and NEA, with backing from Jeff Bezos's family office and the UK government's Sovereign AI Fund. The round values the company at $2.6 billion, up from $520 million nine months earlier, bringing total funding to over $670 million. CuspAI will use the capital to expand globally and launch an AI Materials Foundry involving partners like Nvidia, Meta, Samsung, and Hyundai to accelerate material design for clean energy and semiconductors.
Why it matters
Jeff Bezos and the UK government-backed VC fund backing domestic AI startups have invested in a UK startup developing AI systems to discover and design new materials for clean energy and chipmaking in...
