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CuspAI raises $450M in a Series B round led by Kleiner Perkins and NEA to launch its AI Materials Coalition, enhancing its position in the growing physical AI market.
Amount Raised
$450 Million
Round Type
Series B
CambridgeInformation TechnologyArtificial IntelligenceMachine Learninginformation technology & servicesInvestors
Description
CuspAI has successfully secured approximately $450 million to advance its generative AI technology for materials design and to establish the AI Materials Foundry coalition. This funding round significantly boosts its total to over $580 million. The coalition aims to leverage computing power and scientific resources from over 48 members to expedite materials development. CuspAI was co-founded by Chad Edwards and Max Welling and focuses on integrating AI into the physical realm.
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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Funding Insights
What this usually meansCuspAI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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