The facts
CuspAI at a glance.
Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.
- Kind of company
- Science, materials and mathAI for physics, chemistry, new materials and mathematics, often with robotic labs.
- Based in
- Cambridge, U.K., United Kingdom
- Founded
- 2024SiliconANGLE, Sep 10, 2025
- Last closed-round valuation
- $2.6B$2.6 billion (per Bloomberg, as cited by Quartz) (Quartz (via Yahoo Finance), Cris Tolomia; valuation attributed to Bloomberg, Jul 20, 2026)
- What it has shipped
- Has a product
Founders
- Chad Edwards: co-founder and CEO; "a chemist turned technology entrepreneur" who previously worked at Quantinuum (SiliconANGLE, Sep 10, 2025)
- Max Welling: co-founder; AI expert and former vice president of technology at Qualcomm (SiliconANGLE, Sep 10, 2025)
Raised a $450M Series B at a reported $2.6B valuation and launched the AI Materials Foundry with more than 45 partner organizations. Jul 20, 2026
Quartz (via Yahoo Finance), Cris Tolomia; valuation attributed to Bloomberg, Jul 20, 2026
What it has built
Shipped, or not yet.
“Has a product” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
OpenDAC, an open dataset of more than 100 million datapoints on direct-air-capture materials, built with Meta and Georgia Tech (as described by Fortune)
Source2 rounds
Funding, as reported.
Every round we found, with the amount, valuation and investors as the source states them.
| When | Round | Amount | Valuation | Investors named | Source |
|---|---|---|---|---|---|
| Sep 10, 2025 | Series A | $100 million | $520 million (one unnamed source; CuspAI declined to comment) | NEA (co-lead), Temasek (co-lead), NVentures, Samsung Ventures, Hyundai Motor Group | Fortune |
| Jul 20, 2026 | Series B | $450 million | $2.6 billion (per Bloomberg, as cited by Quartz) | Kleiner Perkins (co-lead), NEA (co-lead), Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, AMD Ventures, UK Sovereign AI Venture Fund, Temasek, Prosus | Quartz (via Yahoo Finance), Cris Tolomia; valuation attributed to Bloomberg |
Our note
Worth knowing.
Our note: Series B figures are from Quartz, which attributes the valuation to Bloomberg; Quartz is not on the trusted-outlet list and the Bloomberg piece was not fetched. Advisers include Yann LeCun and Geoffrey Hinton, per the same report.
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