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CuspAI

Cambridge-based AI-materials company founded in 2024 that uses machine learning to generate and simulate novel molecular structures, reducing the need for physical lab iteration.

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#15 18 Sept
#15 16 Sept
#14 21 Aug
#14 20 Aug
#14 3 Aug
#13 23 Jul
#12 20 Jul

Named 45 founding partners and closed a $450m Series B

UK Startups and Innovation: CuspAI names 45 partners for lab access
#12 20 Jul

Received new investment including a UK and a Dutch state vehicle

UK Startups and Innovation: State fund surfaces on CuspAI cap table
#12 15 Jul
#12 15 Jul
#10 2 Jul

Closed its round at a $2.6bn valuation with no UK vehicle on the cap table

UK Startups and Innovation: CuspAI closes at $2.6bn, EU fund circles
#10 1 Jul

Cited as an example of the AI-concentration pattern

UK Startups and Innovation: Mentioned in: AI takes record 44% of UK equity market
#10 24 Jun
#9 20 Jun

Signed term sheets for a $400m raise at a reported $2.6bn valuation

UK Startups and Innovation: CuspAI raising $400m on Bezos money