CuspAI Raises $30M for Sustainable Materials Innovation
CuspAI, a Cambridge, UK-based AI company, recently announced that it raised $30M in Seed funding from a group of prominent investors. The round was led by Hoxton Ventures and included participation from Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures, Mehdi Ghissassi, and Dorothy Chou. This funding will be used to expand operations and further develop their innovative platform for materials that enhance sustainability.
At the helm of CuspAI is CEO Dr.
Chad Edwards, who leads a team leveraging generative AI, deep learning, and molecular simulation to streamline the material design process. Their platform acts as a search engine for materials, enabling users to request specific properties for new materials on demand. This approach allows for the rapid generation and evaluation of novel structures, facilitating the discovery of materials with precise functionalities. The company's partnership with Meta underscores their commitment to open science and the pursuit of solutions to address climate change.
CuspAI was co-founded by Professor Max Welling, a renowned expert in AI who previously served as a Distinguished Scientist and VP at Microsoft Research and Qualcomm, and Professor at the University of Amsterdam. Co-founding the company alongside him is Dr. Chad Edwards, a seasoned chemist with a background in deep-tech commercialization, including roles at Google and BASF. With this formidable team and strong financial backing, CuspAI is poised to make significant strides in advancing sustainable materials through cutting-edge AI technologies.
They've invested in CuspAI
Get to know these Greentech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Hoxton Ventures | 8 investment(s) investment(s) | more info | |||
2 |  Basis Set Ventures | 2 investment(s) investment(s) | 5 contacts contacts | |||
3 |  Lightspeed Venture Partners | 7 investment(s) investment(s) | 36 contacts contacts | |||
4 |  LocalGlobe | 17 investment(s) investment(s) | 20 contacts contacts | |||
5 |  Northzone | 11 investment(s) investment(s) | more info |
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