CuspAI raises $450M to build a global AI materials foundry

Kleiner Perkins and NEA co-led the round at a $2.6B valuation, five times CuspAI's September 2025 valuation.

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Primary source: Tech.eu

Why it matters

CuspAI is spending a nine-figure round on the missing physical layer of AI discovery: labs, data and scale-up. Its valuation assumes that network can produce manufacturable materials.

Illustration of CuspAI creating novel materials, showing algorithmic structural motifs and synthesis pathways to represent its AI materials foundry.

Dr Chad Edwards and Prof Max Welling confirmed a $450 million Series B for CuspAI on July 20th, according to Tech.eu. The round gives the Cambridge, UK-based materials discovery startup a $2.6 billion valuation roughly two years after its founding.…

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