When was CuspAI founded?

CuspAI was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is CuspAI located?

CuspAI is headquartered in Cambridge, United States. It is registered at 4 STATION SQUARE, C/O MISHCON DE REYA LLP, CAMBRIDGE, UNITED KINGDOM, CB1 2GE.

How many employees does CuspAI have?

As of Jun 30, 2026, the latest employee count at CuspAI is 74.

Is CuspAI a funded company?

CuspAI is a funded company, having raised a total of $670M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 18, 2024.

How much is CuspAI worth?

The latest valuation of CuspAI is $***** as of Sep 10, 2025.

When was the latest funding round of CuspAI?

CuspAI's latest funding was a $***** Series B round on Jul 20, 2026, with participation from 16 investors.

Where does CuspAI rank among its competitors?

CuspAI ranks 3rd amongst 75 active competitors, of which 21 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was PASQAL, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of CuspAI?

CuspAI's top competitors include Schrodinger, PhaseCraft and PASQAL. Among them, CuspAI secured the most recent funding round in July, 2026.

CuspAI - 2026 Company Profile, Team, Funding & Competitors

CuspAI is a series B company based in Cambridge (United States), founded in 2024 by Max Welling. It operates as an AI-enabled platform for materials research and applications. CuspAI has raised $670M in funding from investors like New Enterprise Associates, Temasek and Hoxton Ventures, with a current valuation of $*****. The company has 75 active competitors, including 21 funded and 7 that have exited. Its top competitors include companies like Schrodinger, PhaseCraft and PASQAL.

Company Details

AI-enabled platform for materials research and applications. The platform develops a search engine that enables users to input material properties, and the system generates the chemical composition needed to achieve those properties.

Website: www.cusp.ai/
Social
Email ID: *****@cuspai.com, *****@cuspai.com
Registered Address: 4 STATION SQUARE, C/O MISHCON DE REYA LLP, CAMBRIDGE, UNITED KINGDOM, CB1 2GE

Key Metrics

Founded Year

2024

Location

Cambridge, United States

Stage

Series B

Total Funding

$670M in 3 rounds

Latest Funding Round

Series B, Jul 20, 2026, $*****

Post Money Valuation

$***** as on Sep 10, 2025

Investors

New Enterprise Associates & 23 more

Ranked

3^rd among 75 active competitors

Employee Count

74 as on Jun 30, 2026

Similar Companies

Schrodinger & 98 more

View CuspAI's full profile

CuspAI is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CUSP AI LIMITED CIN: 15549537 , United Kingdom, Active	Mar 09, 2024	-	12 (As on Mar 31, 2025)

CuspAI has raised a total funding of $670M over 3 rounds. Its first funding round was on Jun 18, 2024. Its latest funding round was a Series B round on Jul 20, 2026 for $*****. 16 investors participated in its latest round. CuspAI has 17 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of CuspAI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 20, 2026	8468411	Series B	2625624	3953942	7177146	4509759
Sep 10, 2025	1595941	Series A	3562639	7838503	2849134	NVentures & 14 more
Jun 18, 2024	8418472	Seed	2464566	9972202	Hoxton Ventures	Basis Set Ventures & 10 more

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View details of CuspAI's funding rounds and investors

The founders of CuspAI is Max Welling.

Here are the details of CuspAI's key team members:

Max Welling: Co-Founder of CuspAI and founder of 1 other company.
Contact Info: 1 email address

View details of CuspAI's Founder profiles and Board Members

CuspAI's employee count trend

CuspAI has 74 employees as of Jun 26. Here is CuspAI's employee count trend over the years:

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Top competitors of CuspAI include Schrodinger, PhaseCraft and PASQAL. Here is the list of Top 10 competitors of CuspAI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Schrodinger 1990, New York City (United States), Acquired	Provider of a web-based simulation and modelling tool	$162M	Gates, WuXi AppTec & 16 others	74/100
2nd	PhaseCraft 2019, Bristol (United Kingdom), Series B	Provider of quantum simulation systems	$56.4M	LocalGlobe, Plural & 11 others	64/100
3rd	CuspAI 2024, Cambridge (United States), Series B	AI-enabled platform for materials research and applications	$670M	Lightspeed Venture Partners, PROSPER & 22 others	62/100
4th	PASQAL 2016, Paris (France), Series B	Developer of neutral atom quantum computers, offering hardware, cloud access, and software.	$300M	Quantonation, Temasek & 12 others	60/100
5th	Syensqo 2023, Brussels (Belgium), Acquired	Provider of solutions for materials and chemicals services	-	Europa, NASA	51/100
6th	Multiwave Technologies 2015, Geneva (Switzerland), Series A	Develops software that accelerates the design of meta material	$4.5M	LML, Europa & 3 others	50/100
7th	Orbital Materials 2022, London (United Kingdom), Seed	Developer of AI-powered hardware solutions for data center thermal management	$4.8M	Compound, Character & 3 others	45/100
8th	Multiscale 2020, Atlanta (United States), Series B	Provider of AI based platform offering material planning for the manufacturing sector	$18.6M	Alumni Ventures, AlleyCorp & 1 others	43/100
9th	HQS Quantum Simulations 2017, Karlsruhe (Germany), Series A	Developer of quantum simulation software for spectroscopy and related techniques	$16.2M	b2venture, HTGF & 10 others	43/100
10th	Frenetic AI 2015, Madrid (Spain), Series A	Provider of AI and cloud-based manufacturing technology for magnetic components	$17.3M	42 Capital, Kibo Ventures & 6 others	42/100