CuspAI - About the company
CuspAI is a series B company based in Cambridge (United Kingdom), founded in 2024 by Max Welling. It operates as a Developer of artificial intelligence systems for accelerated industrial materials discovery. CuspAI has raised $670M in funding from investors like New Enterprise Associates, Temasek and Hoxton Ventures, with a current valuation of $2.6B. The company has 80 active competitors, including 22 funded and 8 that have exited. Its top competitors include companies like Schrodinger, PASQAL and PhaseCraft.
Sectors and market segments that CuspAI operate in
CuspAI serves in the Chemicals and Materials Tech, Native AI market segments.The primary business model of CuspAI are:Company Details
AI-enabled platform for materials research and applications. The platform develops a search engine that enables users to input material properties, and the system generates the chemical composition needed to achieve those properties.
- Website
- www.cusp.ai/
- Social
- Email ID
- *****@cuspai.com, *****@cuspai.com
- Registered Address
- 4 STATION SQUARE, C/O MISHCON DE REYA LLP, CAMBRIDGE, UNITED KINGDOM, CB1 2GE
Key Metrics
Founded Year
2024
Location
Cambridge, United Kingdom
Stage
Series B
Total Funding
$670M in 3 rounds
Latest Funding Round
Post Money Valuation
$2.6B as on Jul 20, 2026
Investors
Ranked
3rd among 80 active competitors
Employee Count
100 as on Sep 30, 2026
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Legal entities associated with CuspAI
CuspAI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
CUSP AI LIMITED CIN: 15549537 , United Kingdom, Active | Mar 09, 2024 | - | 12 (As on Mar 31, 2025) |
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CuspAI's funding and investors
CuspAI has raised a total funding of $670M over 3 rounds. Its first funding round was on Jun 18, 2024. Its latest funding round was a Series B round on Jul 20, 2026 for $450M. 18 investors participated in its latest round. CuspAI has 27 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of CuspAI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 20, 2026 | $450M | Series B | - | - | ||
Sep 10, 2025 | $100M | Series A | $520M | - | ||
Jun 18, 2024 | $30M | Seed | - | - |
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CuspAI's founders and board of directors
Founder? Claim ProfileThe founders of CuspAI is Max Welling.
Here are the details of CuspAI's key team members:
- Max Welling: Co-Founder & CTO of CuspAI and founder of 1 other company. Contact Info: 1 email address
View details of CuspAI's Founder profiles and Board Members
CuspAI's employee count trend
CuspAI has 100 employees as of Sep 26. Here is CuspAI's employee count trend over the years:
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CuspAI's Competitors and alternates
Top competitors of CuspAI include Schrodinger, PASQAL and PhaseCraft. Here is the list of Top 10 competitors of CuspAI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Schrodinger 1990, New York City (United States), Acquired | Provider of a web-based simulation and modelling tool | $162M | 72/100 | |
2nd | Developer of neutral atom quantum computers, offering hardware, cloud access, and software. | $300M | 64/100 | ||
3rd | CuspAI 2024, Cambridge (United Kingdom), Series B | Developer of artificial intelligence systems for accelerated industrial materials discovery | $670M | 63/100 | |
4th |  PhaseCraft 2019, Bristol (United Kingdom), Series B | Provider of quantum simulation systems | $56.4M | 63/100 | |
5th | Provider of solutions for materials and chemicals services | - | 49/100 | ||
6th |  Multiscale 2020, Atlanta (United States), Series B | Provider of AI based platform offering material planning for the manufacturing sector | $18.6M | 46/100 | |
7th | _1560332692304.png?devicePixelRatio=2&height=30&width=30){kind=logo} HQS Quantum Simulations 2017, Karlsruhe (Germany), Series A | Developer of quantum simulation software for spectroscopy and related techniques | $16.2M | 45/100 | |
8th | Orbital Materials 2022, London (United Kingdom), Seed | Developer of AI-powered hardware solutions for data center thermal management | $4.8M | 45/100 | |
9th |  Materials Nexus 2019, Cambridge (United Kingdom), Seed | Developer of an AI-powered quantum simulation platform for material discovery | $2.57M | 40/100 | |
10th | Developer of simulation software for plastic injection molding processes | - | - | 40/100 |
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CuspAI's Investments and acquisitions
CuspAI has made no investments or acquisitions yet.
Reports related to CuspAI
Here is the latest report on CuspAI's sector:
News related to CuspAI
Filter this listMedia has covered CuspAI for a total of 14 events in the last 1 year, 3 of them have been about company updates and 2 about partnerships.
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Meta and NVIDIA join forces to develop AI materials supply chainJul 21, 2026•CuspAI
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Jeff Bezos backs $450 million raise for U.K. AI startup hunting for new chip materialsQuartz•Jul 20, 2026•Glade Brook Capital, CuspAI
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Bezos Backs CuspAI With Investment as Startup Partners with Nvidia on Chip MaterialsCNBC•Jul 20, 2026•CuspAI, Bezos Expeditions, Kleiner Perkins, New Enterprise Associates and 7 others
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Jeff Bezos' Family Office Accelerates AI Bets with Multiple Startup InvestmentsPYMNTS.com•Jul 02, 2026•CuspAI, Bezos Expeditions, Khosla Ventures, Arch Venture Partners and 1 other
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CuspAI to Raise $400M in Funding Round with Backers Including Jeff BezosSilicon Republic•Jun 17, 2026•CuspAI, Kleiner Perkins, Bezos Expeditions, Giant Ventures and 8 others
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Hyundai Motor Group Secures Next-Gen Materials with AI Tech in Partnership with CuspAINewswire•Nov 07, 2025•CuspAI, Hyundai Motor Group, Hyundai Motor Company
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Prosus Ventures Backs CuspAI’s $100M+ Series A to Revolutionise Materials Discovery with AIStock Screener•Sep 10, 2025•CuspAI, Prosus, NVentures, Samsung Venture Investment and 13 others
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British startup CuspAI Secures €85 million+ to transform materials discovery with AIEU-Startups•Sep 10, 2025•Touring Capital, NVentures, Samsung Venture Investment, Basis Set Ventures and 12 others
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FAQs about CuspAI
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