CuspAI Raises $30M in Seed Funding to Advance AI-Driven Sustainable Material Design
CuspAI is focused on leveraging cutting-edge AI technologies to discover new materials that can significantly address challenges related to climate change and sustainability.
Company Name: CuspAI
Location: Cambridge, UK
Sector: Technology, Artificial Intelligence, Sustainable Materials
Funding Details: Raised $30M in Seed funding. The round was led by Hoxton Ventures, with participation from Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures, Mehdi Ghissassi, and Dorothy Chou.
Purpose of Investment: To expand operations and accelerate development efforts.
Leadership: Led by CEO Dr. Chad Edwards, with Professor Max Welling, co-founder, a pioneer in AI and former VP at Microsoft Research and Qualcomm, and a Professor at the University of Amsterdam.
Product: CuspAI has developed a platform that utilizes generative AI, deep learning, and molecular simulation to revolutionize the material design process. Functioning like a search engine for materials, the platform allows users to specify desired properties for new materials, facilitating the rapid generation and evaluation of numerous novel structures. This leads to the discovery of materials with targeted functionalities, enhancing sustainability.
About Company: CuspAI is focused on leveraging cutting-edge AI technologies to discover new materials that can significantly address challenges related to climate change and sustainability. The company has formed a strategic partnership with Meta to further its open science contributions in this field. With a strong foundation in deep-tech and AI, driven by a team of experts from prestigious backgrounds including Google, BASF, and Quantinuum, CuspAI is positioned to make a substantial impact on the materials industry and sustainable development.