CuspAI
About CuspAI
CuspAI is a AI Vertical Platforms startup based in Cambridge, United Kingdom that has raised $130M in venture capital across 2 funding rounds since 2024. The company reached Series A stage in June 2024 with a $30M round led by Hoxton Ventures. CuspAI's investor base includes 13 institutional funds, with New Enterprise Associates leading the most recent equity round.
CuspAI is an AI-powered materials discovery platform that operates as a search engine for molecules, enabling researchers to specify desired material properties and instantly receive AI-optimized chemical structures. Founded in Cambridge in 2024 by AI researchers with expertise in generative modeling and machine learning, the platform combines deep learning, generative AI, and molecular simulation to compress years of materials research into months rather than decades. CuspAI counts Geoffrey Hinton and Durk Kingma among its advisors, has established partnerships with Meta, Kemira, and Hyundai Motor Group, and reached a $520 million valuation at its Series A in September 2025.
CuspAI Funding Rounds Timeline
2 rounds · $130M raised · since 2024
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | June 2024 | $30M | — | Hoxton Ventures | Basis Set Ventures, Lightspeed Venture Partners |
| Series A | September 2025 | $100M | $520M | New Enterprise Associates | Temasek, NVentures, Samsung Ventures, Hyundai Motor Group, FJ Labs, Giant Ventures, LocalGlobe, Northzone, Prosus |
Investors in CuspAI
13 institutional investors across 2 rounds
Lead investors
Co-investors
Recent news about CuspAI
- FundingCuspAI Nears $1B Valuation in Major Funding RoundApril 2026
Questions about CuspAI
How much has CuspAI raised?
CuspAI has raised $130M across 2 funding rounds since 2024.
Who are the investors of CuspAI?
CuspAI's investors include New Enterprise Associates, Hoxton Ventures, Temasek, NVentures, Samsung Ventures, FJ Labs, Giant Ventures, LocalGlobe, Northzone, Prosus, Hyundai Motor Group, Basis Set Ventures, Lightspeed Venture Partners.
When was CuspAI's last funding round?
CuspAI's most recent round was a $30M Seed in June 2024, led by Hoxton Ventures.
What is CuspAI's valuation?
CuspAI reached a $520M valuation with its Seed round in June 2024.
Where is CuspAI headquartered?
CuspAI is headquartered in Cambridge, United Kingdom, and was founded in 2024 by Chad Edwards, Max Welling.