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CuspAI secured $30M in seed funding led by Hoxton Ventures for AI-powered next-gen materials startup

PRIVATEJun 18, 2024

Amount Raised

$30 Million

Round Type

Seed

CambridgeInformation TechnologyArtificial IntelligenceMachine Learninginformation technology & services

Investors

Dorothy ChouMehdi GhissassiZero Prime VenturesTiferes VenturesFj LabsGiant VenturesTouring CapitalNorthzoneLocal GlobeLightspeed Venture PartnersBasis Set VenturesHoxton Ventures

Description

Cambridge-headquartered CuspAI, an AI company building a platform for next-generation materials, has secured $30 million in seed funding. The round was led by Hoxton Ventures, with significant participation from Basis Set Ventures and Lightspeed Venture Partners, along with other prominent investors.

Company Information

Company

CuspAI

Location

Cambridge, England, United Kingdom

About

CuspAI is a Cambridge-headquartered AI company that aims to unlock the future of materials using advanced machine learning and material science. The company leverages generative AI, deep learning, and molecular simulation to streamline the material design process, addressing global sustainability and clean energy challenges as well as combatting climate change.

Fundz sees it the moment CuspAI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for CuspAI's next move

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CuspAI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.