New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Random

CuspAI Garners $30M In Seed Funding

1 Mins read

CuspAI, based in Cambridge, UK, specializing in AI-driven material sustainability solutions, has successfully secured $30 million in Seed funding to advance its operations and development initiatives.

Hoxton Ventures led the funding round, joined by Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures, as well as individual investors Mehdi Ghissassi and Dorothy Chou.

CuspAI under the leadership of CEO Dr Chad Edwards employs generative AI, deep learning, and molecular simulation to streamline material design processes. Their platform functions like a materials search engine, enabling customized requests for specific material properties, thereby encouraging rapid generation and evaluation of diverse structures to discover materials with precise functionalities.

CuspAI has also partnered with Meta to enhance its open science efforts focused on developing new materials aimed at addressing climate change.

The company was co-founded by Professor Max Welling, an AI pioneer and former Distinguished Scientist and VP at Microsoft Research and Qualcomm, currently a professor at the University of Amsterdam. Dr. Chad Edwards, with extensive experience in deep-tech commercialization at Google and BASF, and recently with quantum computing leader Quantinuum, also co-founded the company.

This funding round marks a notable step forward for CuspAI in advancing sustainable material solutions through cutting-edge AI technologies.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

386 posts

About author
We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
Articles
Related posts
Random

Botswana aims for the stars with first Satellite launch

1 Mins read
Botswana is set to join the ranks of nations with satellites in orbit. The Botswana International University of Science and Technology (BIUST)…
ArticleForeign startupsRandom

StoryBox Raises €5.5M In Series A Funding

1 Mins read
StoryBox was founded by Ben Rodrian (CEO) and Rusmin Causevic (CTO). The company combines advanced technology with human connections to facilitate video…
ArticleNow you knowRandom

Three Key Things To Know As A Web3 Developer

2 Mins read
Who is a Web3 Developer? A Web3 developer is a software engineer who specializes in building decentralized applications (dApps) that run on…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply