AI materials science startup CuspAI raises $450M in funding
CuspAI Ltd., a startup using artificial intelligence to discover new materials, today announced that it has raised $450 million in funding.
The U.K.-based company also formed a chemical research consortium that includes Nvidia Corp. and Samsung Electronics Co.
CuspAI’s Series B round values it at $2.6 billion. The deal was led by Kleiner Perkins and NEA with a “significant contribution” from Bezos Expeditions. The funds were joined by more than a half-dozen others, including prominent tech investor John Doerr.
Discovering a new compound requires scientists to navigate trillions of material and molecular structure combinations. In the initial phase of a chemistry project, research teams narrow down the possibilities to a relatively small number of promising compound candidates. They then test the candidates in a simulation to evaluate their properties.
