Funding round
CuspAI Series B
CuspAI, which works in AI-Driven materials research and development in United States, raised $450M in a Series B round announced on 20 Jul 2026, led by Kleiner Perkins and New Enterprise Associates, at a $2.60B post-money valuation. 17 firms took part, 7 of them already investors. It is CuspAI's third venture round on record; the one before was a Series A in Sep 2025.
$450M
Amount raised
$2.60B
Post-money valuation
$2.15B pre-money
17
Investors
2 leads
5.0x
Step-up from the Series A
$520M in Sep 2025
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CuspAI at $2.60B after the new money, 5.0 times the $520M of its Series A (Sep 2025). The $450M bought investors about 17% of the company. It came 10 months after CuspAI's Series A. It is 78% of the $580M CuspAI has raised in the venture rounds on record. No later venture round is on record for CuspAI.
CuspAI's funding rounds
CuspAI has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Kleiner Perkins and New Enterprise Associates led the round with 15 other firms. Temasek, Basis Set, Giant Ventures and Touring Capital and 3 more had backed CuspAI before.
Lead investors
- Kleiner Perkins backs 285 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
Also in the round
- Bezos Expeditions new investor
- Glade Brook backs 30 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- AMD Ventures new investor
- Tru Arrow Partners new investor
- StepStone new investor
- Britain’s Sovereign AI Venture Fund new investor
- backs 46 venture-backed companies new investor
- Temasek backs 195 venture-backed companies existing investor
- backs 53 venture-backed companies existing investor
- backs 51 venture-backed companies existing investor
- backs 13 venture-backed companies existing investor
- Prosus backs 44 venture-backed companies existing investor
- Phoenix Court backs 45 venture-backed companies existing investor
- backs 104 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Research Institutes, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Research Institutes | 2 Sep 2026 | undisclosed | $3.20B | not named |
| Tech Companies | 21 Jul 2026 | $400M | $1.50B | IDG Capital and Matrix Partners China |
| Boats services & dealers | 9 Jul 2026 | $175M | $1.00B | Digital Transformation Capital Partners |
| Tech Companies | 9 Jul 2026 | $175M | not disclosed | not named |
| Property Management | 28 Jul 2026 | $170M | not disclosed | not named |
| Ophthalmic & Optical Instruments & Lenses | 6 Jul 2026 | $150M | $1.00B | Meituan and Tencent |
| Pharmaceutical Products | 22 Jul 2026 | $130M | not disclosed | Frazier Life Sciences |
| Tech Companies | 20 Jul 2026 | $116M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did CuspAI raise in its Series B round?
CuspAI raised $450M in its Series B round, announced in Jul 2026.
Who led CuspAI's Series B round?
Kleiner Perkins and New Enterprise Associates led it, with Bezos Expeditions, Glade Brook, Lux Capital, AMD Ventures and Tru Arrow Partners and 10 more.
What was CuspAI's valuation at the Series B round?
$2.60B post-money ($2.15B pre-money).