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

CuspAI Overview

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

United KingdomCambridge

Website

cusp.ai

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

CuspAI valuation by funding round
DateStageValuation
Sep 2025Series 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

CuspAI funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Series ANEA Design (lead); Temasek (lead)$100M$520MCuspAI 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 2024SeedHoxton 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

Investors in CuspAI by funding rounds participated
InvestorHQRoundsRoleFirst check
TemasekSingaporeSingapore1LeadSep 2025
Dorothy ChouUnited KingdomLondon1ParticipantJun 2024
LocalGlobeUnited KingdomLondon1ParticipantJun 2024
FJ LabsUnited StatesNew York City, NY1ParticipantJun 2024
NEA DesignFranceLyon1LeadSep 2025
Mehdi GhissassiUnited KingdomLondon1ParticipantJun 2024
Basis Set VenturesUnited StatesSan Francisco, CA1ParticipantJun 2024
Tiferes VenturesUnited StatesNew York City, NY1ParticipantJun 2024
Zero Prime VenturesUnited StatesSan Francisco, CA1ParticipantJun 2024
Giant VenturesUnited KingdomLondon1ParticipantJun 2024
Touring CapitalUnited StatesSan Francisco, CA1ParticipantJun 2024
Lightspeed Venture PartnersUnited StatesSan Francisco, CA1ParticipantJun 2024

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CuspAI Competitors

CuspAI competitors include listed companies like Unisound Ai Technology and Winner Technology, and private ones like Laurel, Inworld AI, Krea and Replicant.

Public and private companies comparable to CuspAI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LaurelUnited StatesSan Francisco, CAPrivate$26M-$510M-
Inworld AIUnited StatesSan Francisco, CAPrivate--$500M-
KreaUnited StatesSan Francisco, CAPrivate$8M-$500M62.5x
ReplicantUnited StatesSan Francisco, CAPrivate--$550M-
Unisound Ai TechnologyChinaChinaPublicly listed$181M($22M)$613M2.1x
Winner TechnologyChinaChinaPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yidu Tech$122M($4M)1.4x1.2x(45.0x)7.7x
Unisound Ai Technology$181M($22M)3.0x2.1x(24.5x)(36.1x)
Winner Technology$46M($7M)9.0x-(60.9x)-
DSC Holdings$101M($10M)3.3x-(34.3x)-
Cerence$252M$8M1.7x1.4x52.9x6.2x
Shenzhen Sunwin$20M($147M)37.7x-(5.0x)-
ZipRecruiter$449M($7M)0.9x0.9x(62.1x)7.3x
Beijing Deep Glint Tech$23M($29M)25.1x8.7x(19.8x)(80.2x)

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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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