CuspAI valuation, funding and investors
CuspAI works in AI-Driven materials research and development, based in United States. Founded in 2024, it has about 94 employees.
- Last round
- Series B · $450M · Jul 2026
- Valuation at last round
- $2.60B
- Headcount
- 94 · growing
- Grade
- B
- Founded
- 2024
CuspAI valuation today
VCMC values CuspAI at $2.9B today, with a range of $2.3B to $4.5B and a grade of B. The valuation starts from its last funding round, a Series B round in Jul 2026.
Valuation by date (38 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2024 | $22.1M | $8.06M – $60.8M | $23.1M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $22.3M | $8.12M – $61.3M | $23.1M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $22.5M | $8.18M – $61.7M | $23.1M (+3%) | before first round | – | unknown | D | 0% |
| 1 Apr 2024 | $22.6M | $8.24M – $62.2M | $23.1M (+2%) | before first round | – | unknown | D | 0% |
| 1 May 2024 | $22.8M | $8.30M – $62.6M | $23.1M (+1%) | before first round | – | unknown | D | 0% |
| 1 Jun 2024 | $23.0M | $8.36M – $63.1M | $23.1M (+1%) | before first round | – | unknown | D | 0% |
| 19 Jun 2024 | $200M | $131M – $609M | $400M (+100%) | after a round | – | unknown | C | 0% |
| 1 Jul 2024 | $205M | $131M – $609M | $400M (+95%) | after a round | – | unknown | C | 0% |
| 1 Aug 2024 | $217M | $131M – $609M | $400M (+84%) | after a round | 9 | unknown | C | 0% |
| 1 Sep 2024 | $231M | $131M – $609M | $400M (+73%) | after a round | 9 | unknown | C | 0% |
| 1 Oct 2024 | $244M | $131M – $609M | $400M (+64%) | after a round | 9 | unknown | C | 0% |
| 1 Nov 2024 | $276M | $157M – $726M | $477M (+73%) | after a round | 20 | growing | C | 0% |
| 1 Dec 2024 | $297M | $157M – $726M | $477M (+61%) | after a round | 20 | growing | C | 0% |
| 1 Jan 2025 | $320M | $157M – $726M | $477M (+49%) | after a round | 20 | growing | C | 0% |
| 1 Feb 2025 | $344M | $157M – $726M | $477M (+39%) | after a round | 20 | growing | C | 0% |
| 1 Mar 2025 | $368M | $157M – $726M | $477M (+30%) | after a round | 20 | growing | C | 0% |
| 1 Apr 2025 | $396M | $157M – $726M | $477M (+20%) | after a round | 20 | growing | C | 0% |
| 1 May 2025 | $425M | $157M – $726M | $477M (+12%) | after a round | 20 | growing | C | 0% |
| 1 Jun 2025 | $458M | $157M – $726M | $477M (+4%) | after a round | 20 | growing | C | 0% |
| 1 Jul 2025 | $477M | $157M – $726M | $477M (0%) | after a round | 20 | growing | C | 0% |
| 1 Aug 2025 | $477M | $158M – $726M | $477M (0%) | after a round | 20 | growing | C | 0% |
| 1 Sep 2025 | $477M | $158M – $726M | $477M (0%) | after a round | 20 | growing | C | 0% |
| 11 Sep 2025 | $521M | $452M – $1.1B | $936M (+80%) | after a round | 20 | growing | B | 0% |
| 1 Oct 2025 | $538M | $452M – $1.1B | $936M (+74%) | after a round | 42 | growing | B | 0% |
| 1 Nov 2025 | $565M | $452M – $1.1B | $936M (+66%) | after a round | 42 | growing | B | 0% |
| 1 Dec 2025 | $594M | $452M – $1.1B | $941M (+58%) | after a round | 43 | growing | B | 0% |
| 1 Jan 2026 | $628M | $452M – $1.1B | $959M (+53%) | after a round | 47 | growing | B | 0% |
| 1 Feb 2026 | $662M | $452M – $1.1B | $959M (+45%) | after a round | 47 | growing | B | 0% |
| 1 Mar 2026 | $710M | $452M – $1.2B | $1.0B (+42%) | after a round | 59 | growing | B | 0% |
| 1 Apr 2026 | $751M | $452M – $1.2B | $1.0B (+34%) | after a round | 59 | growing | B | 0% |
| 1 May 2026 | $806M | $452M – $1.2B | $1.0B (+28%) | after a round | 66 | growing | B | 0% |
| 1 Jun 2026 | $855M | $452M – $1.2B | $1.0B (+21%) | after a round | 66 | growing | B | 0% |
| 1 Jul 2026 | $904M | $452M – $1.2B | $1.0B (+14%) | after a round | 66 | growing | B | 0% |
| 21 Jul 2026 | $2.6B | $2.3B – $4.5B | $3.9B (+50%) | after a round | 66 | growing | B | 0% |
| 1 Aug 2026 | $2.6B | $2.3B – $4.5B | $3.9B (+48%) | after a round | 66 | growing | B | 0% |
| 1 Sep 2026 | $2.7B | $2.3B – $4.5B | $3.9B (+43%) | after a round | 66 | growing | B | 0% |
| 1 Oct 2026 | $2.8B | $2.3B – $4.5B | $3.9B (+38%) | after a round | 94 | growing | B | 0% |
| 24 Oct 2026 | $2.9B | $2.3B – $4.5B | $3.9B (+35%) | after a round | 94 | growing | B | 0% |
Key facts about CuspAI
- Founded
- 2024
- Headquarters
- United States
- Employees
- about 94 +124% in a year
- Total raised
- $580M
- Funding rounds
- 3
- Last round
- Series B Jul 2026
CuspAI was founded in 2024 by Chad Edwards and Max Welling.
CuspAI funding history
CuspAI has 3 funding rounds on record, from Jun 2024 to Jul 2026, $580M in total. The latest disclosed valuation is $2.60B post-money (Series B, Jul 2026).
Series B 20 Jul 2026
Led by Kleiner Perkins, New Enterprise Associates; with Bezos Expeditions, Glade Brook, Lux Capital, AMD Ventures, Tru Arrow Partners, StepStone, Britain’s Sovereign AI Venture Fund, Invest-NL, Temasek, Basis Set, Giant Ventures, Touring Capital, Prosus, Phoenix Court, Northzone.
Sources: finsmes.com
$450M
$2.60B post-money
Series A 10 Sep 2025
Led by New Enterprise Associates, Temasek; with NVentures, Samsung Venture Investment, Hyundai Motor Group, Basis Set, FJ Labs, Giant Ventures, LocalGlobe, Northzone, Prosus Ventures, Tiferes Ventures, Touring Capital, ARCH Venture Partners, F-Prime Capital, FTX Ventures, General Catalyst, Hoxton Ventures, Lightspeed Venture Partners, Lux Capital, Mubadala, Y Combinator. Individuals: Durk Kingma, Zoubin Ghahramani, Arash Ferdowsi, Thomas Wolf, Victor Riparbelli.
Sources: techfundingnews.com, businessweekly.co.uk, finsmes.com and 5 more
$100M
$520M post-money
Seed 18 Jun 2024
Led by Hoxton Ventures; with Basis Set, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures.
Sources: finsmes.com, startups.co.uk, giant.vc and 3 more
$30M
CuspAI investors
33 investors have backed CuspAI; Hoxton Ventures, New Enterprise Associates and Temasek and 1 more led at least one round.
- Hoxton Ventures lead, 2 rounds
- New Enterprise Associates lead, 2 rounds
- Temasek lead, 2 rounds
- Kleiner Perkins lead
- FJ Labs 2 rounds
- Lightspeed Venture Partners 2 rounds
- LocalGlobe 2 rounds
- Lux Capital 2 rounds
- Tiferes Ventures 2 rounds
- AMD Ventures
- ARCH Venture Partners
- Bezos Expeditions
- Britain’s Sovereign AI Venture Fund
- FTX Ventures
- General Catalyst
- Glade Brook
- Hyundai Motor Group
- Mubadala
- NVentures
- Phoenix Court
- Prosus
- Prosus Ventures
- Samsung Venture Investment
- StepStone
- Tru Arrow Partners
- Y Combinator
What CuspAI does
CuspAI works in research institutes, with 14 recorded offerings and customers in materials science, engineering and AI.
CuspAI is a United States-based company engaged in materials science and artificial intelligence, with a focus on developing solutions that utilize AI to accelerate the development of new materials. The company operates globally, serving industries such as materials science, engineering, and AI.
Description from Veridion's company data.
Products and services
- AI-Driven Materials Research and Development
- Materials Science Consulting Services
- On-Demand Materials Development Solutions
- Custom Materials Engineering Services
- AI Platform Development for Materials Science
- Materials Innovation Consulting Services
- Collaborative Materials Science Research Services
- AI-Enabled Materials Acceleration Solutions
- Engineering Materials Optimization Services
- Materials Science Platform Integration Services
- On-Demand Materials Solutions Delivery
- Materials Science Platform Customization Services
- AI Materials Development Services
- Materials Science Platform Development Services
Markets
- Materials Science
- Engineering
- AI
Technology
- AI-Powered Materials Design
Business model
- Business-to-Business
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) 100% match
Questions about CuspAI
What is CuspAI worth?
Valuation $2.9B (range $2.3B to $4.5B), as of 24 Oct 2026. The last disclosed valuation was $2.60B (Series B, Jul 2026).
Has CuspAI raised money?
CuspAI has 3 funding rounds on record, from Jun 2024 to Jul 2026, $580M in total. The latest disclosed valuation is $2.60B post-money (Series B, Jul 2026).
Who has invested in CuspAI?
Hoxton Ventures, New Enterprise Associates, Temasek, Kleiner Perkins, Basis Set and Giant Ventures, and 27 more. Lead investors include Hoxton Ventures, New Enterprise Associates, Temasek and Kleiner Perkins.
How many people work at CuspAI?
About 94, up 124% over the last year. Headcount grew from 9 in Aug 2024 to 94 in Sep 2026.
What does CuspAI do?
CuspAI works in research institutes, with 14 recorded offerings and customers in materials science, engineering and AI. Its main offerings are AI-Driven materials research and development, materials science consulting services and on-demand materials development solutions.
When was CuspAI founded, and where is it based?
CuspAI was founded in 2024 and is based in United States. It has about 94 employees, up 124% over the last year.