a year ago
CuspAI Raises $30 Million to Develop AI-Powered Materials
CuspAI, a Cambridge-based startup using artificial intelligence to develop new materials, has raised $30 million (£24 million)
The company aims to bring generative AI to the world of advanced materials and is developing an AI search engine for users to request specific properties for new materials
The investment round was led by Hoxton Ventures and featured participation from Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures and Zero Prime Ventures.
ProblemTechnology
"curbing one of humanity's most urgent challenges – climate change"
Solution
"accelerating the design process of new materials using AI"