CuspAI Secures $30 Million Funding to Develop Revolutionary Gen-AI Powered Search Engine for Novel Materials Discovery


CuspAI, a UK-based company, has secured $30 million in a seed round to develop generative-AI-driven software for designing new materials. The company’s platform, led by CEO Chad Edwards and co-founder Max Welling, a renowned pioneer in AI, generates and evaluates novel structures at a rapid pace.

Edwards notes that the company’s approach is flipped from the traditional method, where materials are created first and then simulated using computer software. Instead, CuspAI designs materials based on specific properties, much like a search engine for materials. The company aims to revolutionize the materials development process, enabling the creation of new materials that can solve pressing problems such as climate change.

The company has partnered with Meta on its open science project to discover new materials that can address climate change. The collaboration will involve using AI to accelerate the discovery of novel sorbent materials for carbon capture. The round was led by Hoxton Ventures, with significant participation from Basis Set Ventures and Lightspeed Venture Partners, and included investments from LocalGlobe, Northzone, and other prominent venture capital firms.

Mike Butcher
Mike Butcher
Tech Editor. Mike has written for UK national newspapers and magazines and been named one of the most influential people in European technology by Wired UK. He has spoken at the World Economic Forum, Web Summit, and DLD. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities. He has also advised UK Prime Ministers and the Mayor of London on tech startup policy, as well as being a judge on The Apprentice UK.

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