CuspAI was founded by Max Welling, Chad Edwards in 2024.

Who are CuspAI's investors?

CuspAI's investors include Basis Set Ventures, Hoxton Ventures, Kleiner Perkins, Lightspeed Venture Partners, New Enterprise Associates (NEA), Northzone, Temasek, SovereignAI and 3 more.

How much funding has CuspAI raised?

CuspAI has disclosed $480M raised across 2 rounds.

Where is CuspAI headquartered?

CuspAI is headquartered in Cambridge, GB.

CuspAI

Unicorn · $2.6B

Cambridge, GB · Founded 2024 · 11 known investors

cusp.ai ↗

CuspAI develops AI models for materials science and discovery, and leads the AI Materials Foundry initiative that combines accelerated computing infrastructure with chemistry data and materials expertise. Its work targets applications across semiconductors, energy, and advanced manufacturing.

AI & Machine LearningDeep TechNew Materials

Founders & leadership

CuspAI was founded in 2024 by Max Welling and Chad Edwards.

Max Welling inCo-FounderMax Welling co-founded CuspAI in 2024 to build a generative search engine for new materials. He is a professor of machine learning at the University of Amsterdam, was a distinguished scientist at Microsoft Research and vice president of technology at Qualcomm, and did his postdoctoral work with Geoffrey Hinton.

Chad Edwards inCo-Founder & CEOChad Edwards co-founded CuspAI in 2024 and runs it as CEO from Cambridge, raising a $30m seed and then a $450m Series B at a $2.6bn valuation co-led by Bezos Expeditions and Kleiner Perkins. A chemist by training, he spent his career commercialising deep tech at Google, BASF and the quantum computing company Quantinuum.

Investors · 11

Basis Set Ventures✓ verifiedMenlo Park · $1M – $3M

Hoxton Ventures✓ verifiedLondon · $500K – $5M

Kleiner Perkins✓ verifiedMenlo Park · $500K – $15M

Lightspeed Venture Partners✓ verifiedMenlo Park · $1.7M – $87M

New Enterprise Associates (NEA)✓ verifiedMenlo Park · $200K – $40M

Northzone✓ verifiedLondon · $1M – $50M

Temasek✓ verifiedSingapore

SovereignAI$13M

Zero Prime VenturesSan Francisco · $500K – $1.5M

Giant Ventures Global LlpreportedLondon · $2M

NVenturesreportedSanta Clara

Funding

SEC filings, press & company announcements

$480M disclosed across 2 rounds · 2024–2026

$450MSeries BJul 2026
Bezos Expeditions (lead), Kleiner Perkins (lead), Lightspeed Venture Partners, New Enterprise Associates (NEA), Northzone, Temasek
Source ↗
$30MSeedJun 2024
Hoxton Ventures (lead), Basis Set Ventures, Lightspeed Venture Partners
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events

$2.6Bvaluation at Series BJul 2026

filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does CuspAI do?: CuspAI develops AI models for materials science and discovery, and leads the AI Materials Foundry initiative that combines accelerated computing infrastructure with chemistry data and materials expertise. Its work targets applications across semiconductors, energy, and advanced manufacturing.
Who founded CuspAI?: CuspAI was founded by Max Welling, Chad Edwards in 2024.
Who are CuspAI's investors?: CuspAI's investors include Basis Set Ventures, Hoxton Ventures, Kleiner Perkins, Lightspeed Venture Partners, New Enterprise Associates (NEA), Northzone, Temasek, SovereignAI and 3 more.
How much funding has CuspAI raised?: CuspAI has disclosed $480M raised across 2 rounds.
Where is CuspAI headquartered?: CuspAI is headquartered in Cambridge, GB.