C
CuspAI
Core neolabAI system for discovering new materials, for semiconductors, energy and climate
Raised, confirmed$580M3 confirmed rounds
Valuation, confirmed$2.6B20 Jul 2026
Valuation, reported—no open report
Founded2024Cambridge, GB
Key facts
| Field | Value | Source · checked |
|---|---|---|
| Classification | Core neolabMaterials-discovery AI lab founded in 2024 by a former Quantinuum executive and AI researcher Max Welling; $450M Series B at $2.6B valuation (Jul 2026). | |
| Founded | 2024 | cusp.ai CuspAI was founded in 2024 by Dr. Chad Edwards and Prof. Max Welling to build the AI system for materials discovery.checked 9 Nov 2026 |
| Headquarters | Cambridge, GB | cusp.ai Headquartered in Cambridge, UK, the company operates globally across London, Amsterdam, Berlin, Tokyo, Singapore, and the United States.checked 9 Nov 2026 |
| Founders | Chad Edwards, Max Welling | |
| Website | cusp.ai | cusp.ai CuspAI’s mission is to unlock breakthrough materials needed for human progress, across semiconductors, energy and climate.checked 9 Nov 2026 |
| Careers | jobs.ashbyhq.com24 open roles on 9 Nov 2026 | cusp.aichecked 9 Nov 2026 |
| Profiles and work | X @cusp_aiLinkedIn | How links are checkedchecked 10 Nov 2026 |
Funding rounds
CuspAI has raised $580M in rounds confirmed by the company, a regulator or two independent outlets. Status rules: methodology.
| Date | Round | Amount | Valuation | Investors | Status | Source · checked |
|---|---|---|---|---|---|---|
| 20 Jul 2026 | Series B | $450M | $2.6B | Lead: Kleiner Perkins, NEA; Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, AMD, Tru Arrow Partners, StepStone, UK Sovereign AI Fund, Invest-NL, John Doerr, Temasek, Basis Set Ventures, Giant Ventures, Touring Capital, Prosus Ventures, Phoenix Court, Northzone | Confirmed | EU-Startups today announced its €393.2 million ($450 million) Series B funding round at a €2.2 billion ($2.6 billion) valuation+3 more sourceschecked 9 Nov 2026 |
| 10 Sep 2025 | Series A | $99.5M | — | Lead: NEA, Temasek; NVIDIA (NVentures), Samsung Ventures, Hyundai Motor Group, Basis Set Ventures, FJ Labs, Giant Ventures, LocalGlobe, Northzone, Prosus Ventures, Tiferes Ventures, Touring Capital | Confirmed | EU-Startups today announced the close of its €85+ million Series A funding round.+2 more sourceschecked 9 Nov 2026 |
| 18 Jun 2024 | Seed | $30M | — | Lead: Hoxton Ventures; Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures | Confirmed | EU-Startups has secured €28 million in seed funding from leading European and US venture funds. The round was led by Hoxton Ventures+1 more sourcechecked 9 Nov 2026 |
Notes on these rounds
- 20 Jul 2026 Series B: Company reports total raised over $650M across rounds.
- 10 Sep 2025 Series A: Announced as more than €85 million; a later announcement describes it as €87.4 million+ (over $100 million).
- 18 Jun 2024 Seed: Reported as €28 million by EU-Startups and $30 million by TechCrunch (same round).
People
| Name | Role | Before | Now | Source · checked |
|---|---|---|---|---|
| Chad EdwardsX | CEO and Co-Founder | Quantinuum, Google, BASF | Current | techcrunch.com Edwards is a chemist who has been involved in deep tech commercialization at Google and BASF and most recently at quantum computing leader, Quantinuum.checked 9 Nov 2026 |
| Max WellingLinkedInScholar | CTO and Co-Founder | Microsoft Research (Distinguished Scientist and VP), Qualcomm (VP of Technology), University of Amsterdam (Professor) | Current | techcrunch.com He was also formerly the Distinguished Scientist and VP at Microsoft Research and Qualcomm, and was a professor at the University of Amsterdam.checked 9 Nov 2026 |
Professional facts from public sources only. How people records are handled.
What it has shipped
| Name | Kind | Date | Open weights | Source · checked |
|---|---|---|---|---|
| AI Materials Foundry | product | 20 Jul 2026 | — |
Latest posts on X
The most recent posts from @cusp_ai, the X account of CuspAI, quoted as posted. Replies and reposts are left out. How posts are selected.
🧵We’re sharing ODAC25, the largest open dataset to date for Direct Air Capture materials ☁️ Published in @NatChemEng with @AIatMeta @GeorgiaTech, and leading academic partners.
View the post on X · With 1 image
Proud to partner with MARVEL-AI, Singapore’s new S$150M platform for AI-driven material discovery, led by @ASTARsg and announced by Deputy Prime Minister @GANKIMYONG 🇸🇬 Our AI platform + their autonomous labs = new materials designed for impact at scale Our co-Founder & CTO @wellingmax was there for the launch. 📷 📣 Read more: theedgesingapore.com/digitaledge/digital-…
View the post on X · With 1 image
We're hiring Application Scientists 🧪 At CuspAI, we're using AI to discover the materials the world needs, for energy, clean water, the future of compute and carbon capture. Our Scientific Discovery teams are growing, and we're looking for Application Scientists to join us in Electronics, Energy and Environment. You'll own the science on partner projects from scoping to results, working with ML researchers, platform engineers and lab teams, and translating between experiment, simulation and machine learning. We're especially interested in hands-on experience in: 🔷 Semiconductors, thin…
checked 10 Nov 2026
Commonly cited, checked
Figures and statements about CuspAI that circulate in lists and summaries, and what the sources support.
| Claim | Finding | Source |
|---|---|---|
| ~$2.6B valuation | Confirmed: the company announced a $450 million Series B at a $2.6 billion valuation on 20 Jul 2026. | eu-startups.com today announced its €393.2 million ($450 million) Series B funding round at a €2.2 billion ($2.6 billion) valuation |
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