FUNDING
Key Metrics
Valuation
$2.6B
As of Jul 31, 2026Value Add Pulse research
Total funding
$650M+
As of Jul 31, 2026Value Add Pulse research
Company Snapshot
CuspAI is a AI infra company, based in Cambridge, England, United Kingdom, founded 2024 by Chad Edwards, Max Welling. Latest valuation $2.6B (As of Jul 31, 2026, Value Add Pulse research). Total funding $650M+ (As of Jul 31, 2026).
Recent changes
- Jul 31, 2026Jul 31, 2026First reported total funding: $650M+ Value Add Pulse enrichment
- 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: Temasek CNBC
- Jul 20, 2026Jul 20, 2026New investor: AMD Ventures CNBC
Earlier changes (6)
- Jul 20, 2026Jul 20, 2026New investor: Kleiner Perkins CNBC
- Jul 20, 2026Jul 20, 2026New investor: Bezos Expeditions CNBC
- Jul 20, 2026Jul 20, 2026New investor: New Enterprise Associates (NEA) 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
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 20, 2026 | Series B | $450M | $2.6B | Kleiner PerkinsNew Enterprise Associates (NEA)Bezos ExpeditionsLux CapitalAMD VenturesTemasekUK Sovereign AI Venture FundGlade Brook Capital Partners outlined = lead | CNBC |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Jul 31, 2026 | $2.6B | Reported | Value Add Pulse research |
| Jul 20, 2026 | $2.6B | Reported | CNBC |
Investors
Latest Pulse
- 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.
FUNDING
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
Related Companies
Shared investors
Sources & methodologyshow
Where these figures come from
- CNBCmajor outlet1 fact
- Value Add Pulse researchValue Add VC data2 facts
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.