#cuspai Tech News.
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CuspAI, a UK startup using AI to discover new materials, is raising $400 million at a $2.6 billion valuation. Jeff Bezos' family office Bezos Expeditions and Kleiner Perkins are participating. The round would more than quintuple the company's valuation from its $100 million raise less than a year ago.
CuspAI Ltd., a UK-based startup speeding up material discovery with AI, is raising a $400 million funding round. Bezos Expeditions and Kleiner Perkins are among the participants. The round values CuspAI at $2.6 billion, over five times its last valuation. Customers include ASML, Meta, and Hyundai.
CuspAI has raised $400 million in a funding round backed by Jeff Bezos. The investment will support the company's development of AI-powered materials discovery. The round represents one of the largest AI funding efforts in the materials science sector.
CuspAI, a UK startup using AI to discover new materials, is raising $400 million from investors including Jeff Bezos's family office and Kleiner Perkins. The round values the company at $2.6 billion, more than quadruple its September valuation. Term sheets are signed but the deal has not closed.
Jeff Bezos is investing in Cambridge, UK-based CuspAI, which applies generative AI to material sciences. The investment is part of a $400 million funding round that values the company at $2.6 billion.
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