Founding members -- including Nvidia, Meta and Samsung -- aim to reduce their reliance on rare materials used in chips.
July 20, 2026
A U.K. startup looking to become a "search engine" for rare materials used in AI chips has completed a $450 million Series B funding round.
The round values Cambridge-based CuspAI at $2.6 billion and follows a $100 million Series A in 2025.
At the same time, the vendor launched the AI Materials Foundry, a global network consisting of nearly 50 founding members that brings together data, labs, compute and scientific expertise with the purpose of using AI to design new materials.
