CuspAI Raises $450M Series B at $650M Total Valuation for AI Materials Discovery

CuspAI, a Cambridge, UK-based company developing AI-driven materials discovery, announced a $450M Series B funding round led by Kleiner Perkins, NEA, Bezos Expeditions, the U.K. government, AMD Ventures, Lux Capital, and Glade Brook Capital Partners. The company has now raised more than $650M total and is focused on industrial AI applications for materials science.