CuspAI Raises $450M Series B at $2.6B Valuation

CuspAI, a Cambridge, UK-based startup that develops an AI-powered materials search and discovery platform, has raised $450 million in a Series B round, bringing its total funding to over $650 million.

Investors

The round was led by Kleiner Perkins and NEA, with participation from Bezos Expeditions. Additional investors include Glade Brook Capital Partners, Lux Capital, AMD Ventures, Tru Arrow Partners, StepStone, Britain’s Sovereign AI Venture Fund, Invest-NL, John Doerr, Temasek, Basis Set Ventures, Giant Ventures, Touring Capital, Prosus, Phoenix Court, and Northzone.

CuspAI Use of Funds

The company plans to use the capital to scale its computational infrastructure, expand its materials research teams, and bring its molecular design platform to market.

About CuspAI

Founded in 2024 by Dr. Chad Edwards and Professor Max Welling, CuspAI’s mission is to accelerate the discovery of new materials that do not yet exist. The company provides a search engine platform called MIRA, which enables partners to input desired physical properties to generate and validate new chemical compositions, significantly reducing the time required for materials research.

Funding Details

Company Website: https://cusp.ai

Company: CuspAI
Raised: $450M
Round: Series B
Funding Date: July 20, 2026
Lead Investor: Kleiner Perkins, NEA
Additional Investors: Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, AMD Ventures, Tru Arrow Partners, StepStone, Britain’s Sovereign AI Venture Fund, Invest-NL, John Doerr, Temasek, Basis Set Ventures, Giant Ventures, Touring Capital, Prosus, Phoenix Court, Northzone
Software Category: AI/Materials Science
Source: https://techfundingnews.com/cuspai-400m-series-b-2-6b-valuation-bezos-materials-search/