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6d ago

CuspAI Raises $100 Million Series A for AI Materials Discovery

The capital will accelerate CuspAI’s synthesis‑aware materials platform, with a focus on expansion in Asia.

CuspAI cofounders Max Welling, left, and Chad Edwards. The company, which is working on AI models for material science, just raised a $100 million Series A.
CuspAI raises $100M for AI material discovery platform

Overview

  • New Enterprise Associates and Temasek co-led the round, with NVentures, Samsung Ventures and Hyundai Motor Group participating.
  • A person familiar with the deal put the valuation at about $520 million, a figure CuspAI declined to confirm.
  • Hyundai also announced a partnership with CuspAI on sustainable energy applications.
  • CuspAI highlights collaborations such as the OpenDAC dataset with Meta and Georgia Tech and a PFAS‑removal effort with Kemira.
  • The company describes its models as a “search engine for the material world,” and it added Lord John Browne and ASML veteran Martin van den Brink to an advisory board that already includes Geoffrey Hinton and Yann LeCun.