CuspAI

Investor: Kleiner Perkins and NEA

CuspAI, a Cambridge-based firm specializing in AI for materials discovery, has successfully completed a significant Series B funding round, securing $450 million (£334 million) to accelerate its global expansion and enhance its proprietary AI platform, MIRA.Summary of transaction details:Value: $450 million (£334 million)Sector: DeepTech & AI (Materials Discovery)Advisor: Not mentionedKey Entities: Target: CuspAI; Lead Investors: Kleiner Perkins, NEA; Significant Participant: Bezos Expeditions.Location: Cambridge, UK (target company's base)Note: This substantial investment will enable CuspAI to address the critical global challenge of materials bottlenecks across industries like semiconductors, clean energy, and advanced manufacturing by leveraging frontier agentic AI and fostering a collaborative network through its newly launched AI Materials Foundry.

Investor: Bezos Expeditions

CuspAI, a platform for developing new materials to tackle global sustainability and clean energy challenges, is set to be valued at £2bn with a new funding round led by Bezos Expeditions. Summary of transaction details: Value: £2bn Sector: DeepTech & AI Advisor: None Key Entities: CuspAI, Bezos Expeditions, Kleiner Perkins Location: Cambridge Note: The investment in CuspAI highlights the growing importance of AI in tackling global sustainability and clean energy challenges, and the company's innovative platform is poised to make a significant impact in the industry.

Investor: Bezos Expeditions

CuspAI, a Cambridge-based AI materials discovery specialist, has secured a $400 million investment from Bezos Expeditions, valuing the company at $2.6 billion. Summary of transaction details: Value: $400 million Sector: DeepTech & AI Advisor: Not disclosed Key Entities: CuspAI, Bezos Expeditions Location: Cambridge, UK Note: The investment in CuspAI is a significant development in the UK's AI sector, highlighting the country's potential to drive innovation and growth in the industry.

Investor: Kleiner Perkins

CuspAI, a Cambridge-based AI material discovery company, has successfully completed a significant Series B funding round, securing £334 million from a syndicate of leading investors.Summary of transaction details:Value: £334 millionSector: DeepTech & AIAdvisor: Not mentionedKey Entities: CuspAI (Target), Kleiner Perkins, NEA, Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, AMD Ventures, Tru Arrow Partners, StepStone, Britain’s Sovereign AI Venture Fund, Invest-NL, John Doerr (Investors)Location: Cambridge, UKNote: This substantial investment is aimed at advancing CuspAI's AI platform for materials discovery and enhancing its AI Materials Foundry, which evaluates, optimises, and synthesises novel molecular structures for various applications.

Investor: Lightspeed Venture Partners, Hoxton Ventures, Basis Set Ventures