CuspAI - About the company
CuspAI is a series A 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 $130M in funding from investors like New Enterprise Associates, Temasek and Hoxton Ventures, with a current valuation of $*****. The company has 71 active competitors, including 18 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 A
Total Funding
$130M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Sep 10, 2025
Investors
Ranked
3rd among 71 active competitors
Employee Count
59 as on Mar 31, 2026
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Legal entities associated with CuspAI
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) |
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CuspAI's funding and investors
CuspAI has raised a total funding of $130M over 2 rounds. Its first funding round was on Jun 18, 2024. Its latest funding round was a Series A round on Sep 10, 2025 for $*****. 17 investors participated in its latest round. CuspAI has 16 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 |
|---|---|---|---|---|---|---|
Sep 10, 2025 | 8412787 | Series A | 4020901 | 8961262 | 5479131 | 3522772 |
Jun 18, 2024 | 9880812 | Seed | 6627027 | 3222130 |
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CuspAI's founders and board of directors
Founder? Claim ProfileThe 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 59 employees as of Mar 26. Here is CuspAI's employee count trend over the years:
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CuspAI's Competitors and alternates
Top competitors of CuspAI include Schrodinger, PhaseCraft and PASQAL. Here is the list of Top 10 competitors of CuspAI, ranked by Tracxn score:
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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 | 66/100 | |
2nd |  PhaseCraft 2019, Bristol (United Kingdom), Series B | Provider of quantum simulation systems | $56.4M | 63/100 | |
3rd | CuspAI 2024, Cambridge (United States), Series A | AI-enabled platform for materials research and applications | $130M | 62/100 | |
4th | Developer of neutral atom quantum computers, offering hardware, cloud access, and software. | $152M | 59/100 | ||
5th |  Materials Nexus 2019, Cambridge (United Kingdom), Seed | Developer of an AI-powered quantum simulation platform for material discovery | $2.57M | 58/100 | |
6th | Orbital Materials 2022, London (United Kingdom), Seed | Developer of AI-powered hardware solutions for data center thermal management | $4.8M | 54/100 | |
7th | Multiwave Technologies 2015, Geneva (Switzerland), Series A | Develops software that accelerates the design of meta material | $4.5M | 46/100 | |
8th | _1560332692304.png?devicePixelRatio=2&height=30&width=30){kind=logo} HQS Quantum Simulations 2017, Karlsruhe (Germany), Series A | Developer of quantum simulation software for spectroscopy and related techniques | $16.2M | 43/100 | |
9th |  Multiscale 2020, Atlanta (United States), Series B | Provider of AI based platform offering material planning for the manufacturing sector | $18.6M | 43/100 | |
10th |  Frenetic AI 2015, Spain, Series A | Provider of AI and cloud-based manufacturing technology for magnetic components | $17.3M | 42/100 |
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CuspAI's Investments and acquisitions
CuspAI has made no investments or acquisitions yet.
Reports related to CuspAI
Here is the latest report on CuspAI's sector:
News related to CuspAI
Filter this listMedia has covered CuspAI for a total of 7 events in the last 1 year, 3 of them have been about partnerships and 1 about company updates.
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Prosus Ventures Backs CuspAI’s $100M+ Series A to Revolutionise Materials Discovery with AIStock Screener•Sep 10, 2025•CuspAI, Prosus, NVentures, Samsung Venture Investment and 13 others
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British startup CuspAI Secures €85 million+ to transform materials discovery with AIEU-Startups•Sep 10, 2025•Touring Capital, NVentures, Samsung Venture Investment, Basis Set Ventures and 12 others
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CuspAI seeks $100M funding to unlock AI's potential in climate materialsTech Funding News•Aug 05, 2025•CuspAI
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Kemira partners with CuspAI for AI-driven materials development in water treatmentChemengonline•Jul 10, 2025•Kemira, CuspAI
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