CuspAI Secures $100M for Revolutionary AI-Powered Materials Discovery Platform

CuspAI raises $100M for AI material discovery platform

CuspAI, a Cambridge-based artificial intelligence company, secured $100 million in Series A funding to accelerate development of its AI-driven materials discovery platform. The startup, founded in 2024, uses advanced AI to transform how companies find and create new materials across multiple industries. New Enterprise Associates and Temasek co-led the Series A round, with participation from NVentures (Nvidia's venture capital arm), Samsung Ventures, Hyundai Motor Group, existing investors, and angel investors. This substantial funding follows a $30 million seed round completed just over a year ago. CuspAI was co-founded by Dr. Chad Edwards, a chemist turned technology entrepreneur who previously worked at Quantinuum Ltd., and Professor Max Welling, an AI specialist and former Vice President of Technology at Qualcomm Inc. Their combined chemistry and artificial intelligence expertise drives the company's innovative platform. The company's core technology functions as an AI-powered "search engine" for materials. Customers specify required material properties, and the platform generates viable, synthesizable candidates up to ten times faster than conventional discovery processes. This acceleration comes from integrating generative AI foundation models, deep learning techniques, and molecular simulation into a single platform. CuspAI emphasizes its platform's materials-agnostic capabilities, enabling applications across diverse sectors. The company has established partnerships in automotive, semiconductors, water purification, and climate technology industries. Current collaborations include: Edwards and Welling stated the company intends to "make real-world impact by continuing to iterate [their] platform, collaborating on meaningful use cases with industry, and delivering next-gen materials to market faster." The new funding will scale CuspAI's operations across the U.S. and Asia to meet increasing customer demand for AI-powered materials discovery services.

Nvidia-baked Cusp AI Raises $100m In Series A Funding

As European companies seek listings in the US, others are changing the way our industries work. Cusp AI is a platform that acts like a search engine for novel materials, enabling customers to specify the exact properties they need and generating new, synthesisable candidates up to 10x faster than traditional discovery methods. They've recently secured $100 million in Series A funding round - with backers including Nvidia and Singapore's sovereign wealth fund. The startup has also locked in partnerships with Hyundai and Meta (META). Bloomberg's Tom Mackenzie spoke exclusively to Cusp AI co-founder and CEO, Chad Edwards.