CuspAI raises $450M at $2.6B valuation

CuspAI, a Cambridge, UK-based startup, raised $450 million in Series B funding at a $2.6 billion valuation. Kleiner Perkins and NEA co-led the round, with participation from Bezos Expeditions and the UK's Sovereign AI Venture Fund. The company launched the AI Materials Foundry coalition with Nvidia, Meta, and Hyundai to discover new materials for chipmakers.