Seattle, United States
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AUM
Venture capital investment firm
Cambridge-based CuspAI closed a $450 million Series B round at a $2.6 billion valuation, announced on July 20, 2026. The funding, co-led by Kleiner Perkins and NEA with participation from Bezos Expeditions and the UK’s Sovereign AI Fund, will expand its generative AI platform for discovering new materials and launch an AI Materials Foundry network.
UK startup CuspAI has raised $450 million in a Series B round valuing the company at about $2.6 billion. On July 20–21, 2026, outlets including Sifted, Reuters and The Star reported that the round, led by Kleiner Perkins and NEA with backing from Jeff Bezos and the UK government, coincides with the launch of CuspAI’s AI Materials Foundry, a 45‑plus member network including Nvidia and Meta. The company says the funds will scale its MIRA platform and foundry network across Europe, the US and Asia.