CuspAI at a glance
As of- [1] Latest valuation: CNBC, July 20, 2026
- [2] Equity raised: Sum of the 2 sourced equity rounds in the funding history below (debt, tender offers and rumored rounds excluded), July 20, 2026
- [3] Lead investors: CNBC, July 20, 2026
- [4] Founded: Vestbee (retrieved July 20, 2026)
- [5] Headquarters: Vestbee (retrieved July 20, 2026)
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Company Snapshot
CuspAI is a AI infra company, based in Cambridge, England, United Kingdom, founded 2024 by Chad Edwards, Max Welling.
Recent changes
- Jul 20, 2026Jul 20, 2026Raised $450M Series B at a $2.6B valuation CNBC
- Jul 20, 2026Jul 20, 2026First reported valuation: $2.6B CNBC
- Jul 20, 2026Jul 20, 2026New investor: AMD Ventures CNBC
- Jul 20, 2026Jul 20, 2026New investor: Kleiner Perkins CNBC
- Jul 20, 2026Jul 20, 2026New investor: Glade Brook Capital CNBC
Earlier changes (8)
- Jul 20, 2026Jul 20, 2026New investor: Bezos Expeditions CNBC
- Jul 20, 2026Jul 20, 2026New investor: Lux Capital CNBC
- Jul 20, 2026Jul 20, 2026Bezos Backs CuspAI's $450M Round to Hunt Chip Materials Pulse story
- Jun 17, 2026Jun 17, 2026CuspAI Raises $400M at $2.6B -- Bezos and Kleiner Back AI Materials Discovery Pulse story
- Sep 10, 2025Sep 10, 2025Raised $100M Series A SiliconANGLE
- Sep 10, 2025Sep 10, 2025New investor: NVentures SiliconANGLE
- Sep 10, 2025Sep 10, 2025New investor: Temasek SiliconANGLE
- Sep 10, 2025Sep 10, 2025New investor: New Enterprise Associates (NEA) SiliconANGLE
Funding history
2 equity events · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Jul 20, 2026 | Series B | $450M | $2.6Bpost-money | Kleiner PerkinsunverifiedNew Enterprise Associates (NEA)unverified WithBezos ExpeditionsunverifiedGlade Brook CapitalunverifiedLux CapitalunverifiedAMD VenturesunverifiedTemasekunverifiedUK Sovereign AI Venture Fund | CNBC |
| Sep 10, 2025 | Series A | $100M | — | — WithNew Enterprise Associates (NEA)unverifiedTemasekunverifiedNVenturesunverifiedSamsung VenturesHyundai Motor Group | SiliconANGLE |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Investors
Latest Pulse
- Jul 20, 2026Natural Raises $30M to Build Payments Rails for AI AgentsA 193-day-old startup raised $30 million from Forerunner to build payments infrastructure for AI agents, positioning directly against Stripe.→
- Jul 20, 2026Nvidia's Agent Toolkit Now Lets AI Build Simulation-Ready WorldsNvidia expanded its Agent Toolkit with new Omniverse libraries at SIGGRAPH 2026, giving AI agents the ability to build and validate simulation-ready 3D environments for robotics and physical AI development.→
- Jul 20, 2026Bezos Backs CuspAI's $450M Round to Hunt Chip MaterialsCuspAI raised a $450 million Series B at a $2.6 billion valuation, roughly five times its mark nine months ago, with Bezos Expeditions joining Kleiner Perkins and NEA as the Cambridge startup launches an AI Materials Foundry with Nvidia and Meta.→
- Jun 17, 2026CuspAI Raises $400M at $2.6B -- Bezos and Kleiner Back AI Materials DiscoveryUK AI materials-discovery startup CuspAI raised $400M at a $2.6B valuation, with Jeff Bezos' Bezos Expeditions and Kleiner Perkins backing. The company uses generative AI to design new materials -- for carbon capture, batteries and beyond -- collapsing discovery cycles that used to take years.→
Coverage Timeline
newest firstAll Coverage
FUNDING$450M Series B
Bezos Backs CuspAI's $450M Round to Hunt Chip Materials
CuspAI raised a $450 million Series B at a $2.6 billion valuation, roughly five times its mark nine months ago, with Bezos Expeditions joining Kleiner Perkins and NEA as the Cambridge startup launches an AI Materials Foundry with Nvidia and Meta.
CuspAI Raises $400M at $2.6B -- Bezos and Kleiner Back AI Materials Discovery
FUNDING$400M
CuspAI Raises $400M at $2.6B -- Bezos and Kleiner Back AI Materials Discovery
UK AI materials-discovery startup CuspAI raised $400M at a $2.6B valuation, with Jeff Bezos' Bezos Expeditions and Kleiner Perkins backing. The company uses generative AI to design new materials -- for carbon capture, batteries and beyond -- collapsing discovery cycles that used to take years.
Value Add Research
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Shared investors
CuspAI FAQ
What is CuspAI's valuation?
CuspAI was last valued at $2.6B in its July 2026 Series B, according to CNBC (July 20, 2026).
How much has CuspAI raised?
CuspAI has raised at least $550M in equity across 2 sourced funding rounds tracked by Value Add VC. The most recent was a $450M Series B in July 2026 at a $2.6B post-money valuation, reported by CNBC. Debt financing, tender offers and secondary sales are not counted.
Who invested in CuspAI?
Lead investors in CuspAI's sourced funding rounds include Kleiner Perkins and New Enterprise Associates (NEA). Per round: its July 2026 Series B was led by Kleiner Perkins and New Enterprise Associates (NEA).
When was CuspAI founded and where is it based?
CuspAI was founded in 2024 and is headquartered in Cambridge, England, United Kingdom, according to Vestbee.
Sources & methodologyshow
Where these figures come from
- CNBCmajor outlet2 facts
- SiliconANGLEmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.