CuspAI in Talks to Raise $100 Million to Find New Materials (1)

British startup CuspAI is in talks to raise more than $100 million in funding to support its goal of using artificial intelligence models to discover new materials, according to people familiar with the matter.

Venture capital firm NEA is set to co-lead the funding round, said the people, who spoke on condition of anonymity as the information is not public.

Founded in 2024, CuspAI uses generative AI and molecular simulation to build a platform that it likens to a highly specialized search engine. Users can describe properties they’d like a new material to have and the service responds with a ...