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- CuspAI
CuspAI Valuation, Funding & Investors
CuspAI is valued at $520M as of September 2025.
Last CuspAI valuation
$520M
Series A · Sep 2025
Last CuspAI funding round
$100M
Series A · Sep 2025
Cumulative funding CuspAI raised
$130M
across 2 funding rounds
Key investors in CuspAI
Lightspeed Venture Partners
FJ Labs
Temasek
LocalGlobe
Northzone
Basis Set Ventures
About CuspAI
CuspAI is a Cambridge, UK-based startup applying machine learning to materials science discovery. The platform screens chemical compounds for properties like battery efficiency and semiconductor performance, reducing R&D timelines from years to weeks. Backed by investors including the UK Research and Innovation fund, it collaborates with universities and firms in energy storage and electronics. Launched in 2022, CuspAI's models have identified novel catalysts for green hydrogen production.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$520M (Sep 2025)
CuspAI Valuation
CuspAI is currently valued at $520M, based on its Series A in September 2025.
The $100M round was led by NEA Design and Temasek.
CuspAI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series A | $520M |
CuspAI Funding History
CuspAI has raised a total of $130M across 2 funding rounds.
CuspAI's first fundraising round was a $30M seed round in June 2024. The most recent completed round was a $100M Series A in September 2025.
CuspAI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series A | NEA Design (lead); Temasek (lead) | $100M | $520M | CuspAI is a Cambridge, UK-based deep-tech startup founded by Dr. Chad Edwards (CEO) and Prof. Max Welling (CTO) that develops an AI-driven platform acting as a search engine for materials discovery. The platform generates candidate material structures from specified property inputs, accelerating discovery up to ten times faster than traditional methods, targeting applications in carbon capture, sustainable energy, PFAS removal, and more efficient batteries or semiconductors. It already partners with Hyundai on sustainable energy, Kemira on PFAS removal, and Meta on carbon capture. On September 11, 2025, CuspAI closed a $100M Series A funding round (equivalent to £73.9M), co-led by New Enterprise Associates (NEA) and Temasek Holdings, with participation from Samsung Ventures, Hyundai Motor Group, Nvidia's NVentures, Basis Set Ventures, Prosus Ventures, Northzone, LocalGlobe, Giant Ventures, and angels like Durk Kingma (OpenAI co-founder), Zoubin Ghahramani (Google VP Research), Arash Ferdowsi (Dropbox founder), Thomas Wolf (Hugging Face founder), and Victor Riparbelli (Synthesia CEO). The round values the company at $520 million post-money, according to a source familiar with the deal cited in Fortune and Techmeme reports; CuspAI declined to comment officially on valuation. This follows a $30M seed round one year prior. Proceeds will support scaling operations in the US and Asia, platform development, and rapid commercialization. New board members include Martin van den Brink (former ASML President and CTO) and Lord Browne (former BP CEO), with advisors Geoffrey Hinton and Yann LeCun. The company has hired talent from Google DeepMind and Meta, positioning it competitively in AI for materials science amid climate tech demands. |
| Jun 2024 | Seed | Hoxton Ventures (lead); Dorothy Chou; LocalGlobe; FJ Labs; Mehdi Ghissassi; Basis Set Ventures; Tiferes Ventures; Zero Prime Ventures; Giant Ventures; Touring Capital; Lightspeed Venture Partners; Northzone | $30M | - | CuspAI is an applied AI startup based in Amsterdam and Cambridge, UK, developing a generative AI platform for materials discovery. The platform uses deep learning and molecular simulation to enable designers and engineers to input desired material properties and generate corresponding chemical structures, reversing traditional trial-and-error methods. Founded in 2024 by Chief AI Officer Max Welling (former Microsoft and Qualcomm researcher) and CEO Dr. Chad Edwards (chemist with experience at Google, BASF, and Quantinuum), the company focuses on applications like climate tech, including carbon capture and removing forever chemicals from water via a partnership with Kemira Oyj. Geoffrey Hinton serves as a board advisor. On June 18, 2024, CuspAI raised $30 million (approximately £23.6M or €28M) in a seed funding round led by Hoxton Ventures, with participation from Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures, and angels including Dorothy Chou and Mehdi Ghissassi from DeepMind. The funds will support building the AI-driven platform, team expansion, product development, and global scaling. The company has assembled a world-class team and partnered with Meta for open science contributions in materials for climate change. CuspAI operates in the material discovery and simulation market, competing with incumbents like Schrodinger and Dassault Systemes, and AI newcomers like Orbital Materials. Subsequent reports mention talks for a $100M Series A at $600M valuation (unconfirmed, post-June 2024) and a potential Series A led by Hoxton with Basis Set, but these do not match the specified seed round details. |
Who has invested in CuspAI?
14 investors have backed CuspAI across its funding rounds, including Lightspeed Venture Partners, FJ Labs, Temasek, LocalGlobe, Northzone and Basis Set Ventures.
Lead investors include NEA Design, Temasek and Hoxton Ventures.
CuspAI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
This data is available for Pro users. Sign up to see all 14 CuspAI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCuspAI Competitors
CuspAI competitors include listed companies like Unisound Ai Technology and Winner Technology, and private ones like Laurel, Inworld AI, Krea and Replicant.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $26M | - | $510M | - | ||
| Private | - | - | $500M | - | ||
| Private | $8M | - | $500M | 62.5x | ||
| Private | - | - | $550M | - | ||
| Publicly listed | $181M | ($22M) | $613M | 2.1x | ||
| Publicly listed | $46M | ($7M) | $417M | - |
CuspAI Public Comps
CuspAI is still privately-owned, but its public comps include Yidu Tech, Unisound Ai Technology, Winner Technology, DSC Holdings, Cerence, Shenzhen Sunwin, ZipRecruiter, Beijing Deep Glint Tech, eVISO and CS Disco.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $252M | $8M | 1.7x | 1.4x | 52.9x | 6.2x | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $449M | ($7M) | 0.9x | 0.9x | (62.1x) | 7.3x | |||
| $23M | ($29M) | 25.1x | 8.7x | (19.8x) | (80.2x) | |||
This data is available for Pro users. Sign up to see all CuspAI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CuspAI
| When was CuspAI founded? | CuspAI was founded in 2024. |
| Where is CuspAI headquartered? | CuspAI is headquartered in Cambridge, United Kingdom. |
| Is CuspAI publicly listed? | No, CuspAI is a private, VC-backed company. |
| What is CuspAI's valuation? | CuspAI was last valued at $520M in its Series A in September 2025. |
| How much funding has CuspAI raised? | CuspAI has raised $130M across 2 funding rounds. |
| What was CuspAI's last funding round? | CuspAI's last funding round was a $100M Series A in September 2025, led by NEA Design and Temasek. |
| Who are CuspAI's investors? | CuspAI's investors include Temasek, Dorothy Chou, LocalGlobe, FJ Labs, NEA Design, Mehdi Ghissassi, Basis Set Ventures, Tiferes Ventures, Zero Prime Ventures, Giant Ventures and 4 others. |
| Which companies are comparable to CuspAI? | Companies comparable to CuspAI include Laurel, Inworld AI, Krea, Replicant, Unisound Ai Technology and Winner Technology. |
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