Prime Highlights
- CuspAI raised $450 million at a $2.6 billion valuation, backed by Jeff Bezos and Kleiner Perkins.
- The startup launched an “AI Materials Foundry” with Nvidia and 45 partner organisations.
Key Facts
- CuspAI is a British AI startup that simulates new materials for industries like semiconductors and clean energy.
- Nvidia and Meta’s Fundamental AI Research Team are among the participants supporting CuspAI’s initiative.
Background
British artificial intelligence startup CuspAI has raised $450 million in a funding round that values the company at $2.6 billion, with backing from Amazon founder Jeff Bezos. Kleiner Perkins and NEA led the round, with Bezos’ investment firm, Bezos Expeditions, playing a major role.
Other new investors include Glade Brook Capital Partners, Lux Capital, AMD Ventures and Britain’s Sovereign AI Venture Fund. CuspAI uses artificial intelligence to simulate how new materials might perform, helping narrow down possibilities before laboratory testing begins.
Josh Coyne, partner at Kleiner Perkins, said major technology breakthroughs often depend on discovering new materials, and that CuspAI had built a search engine designed to speed up that process.
CuspAI is among a growing group of AI companies applying the technology to real-world engineering and materials science. The company is opening a new office in Singapore and expanding its teams across the UK, the Netherlands, Germany, Japan and the US.
As part of the announcement, CuspAI launched what it calls an “AI Materials Foundry,” a network combining data, laboratories, computing power and scientific expertise built on its AI platform. Nvidia is among 45 organisations providing compute infrastructure for the initiative, with Meta’s Fundamental AI Research Team also taking part.
As AI transforms the physical world, new materials will open up new possibilities in semiconductors, energy, and advanced manufacturing, according to Chad Edwards, CEO and co-founder of CuspAI. He added that the Foundry combines Nvidia’s computing infrastructure with materials science expertise to support future discovery.
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