Cambridge's CuspAI Nears $1 Billion Valuation Following $100 Million Funding Round
Cambridge-based startup CuspAI, founded in 2024 by Dr Chad Edwards and Professor Max Welling, is making significant advances in the fight against harmful "forever chemicals." The company uses an AI-driven "search engine" technology that specifies material properties and generates synthesizable candidates up to ten times faster than traditional discovery methods.
In September 2025, CuspAI announced a $100 million fundraising round. New investments are expected from Temasek Holdings of Singapore and NEA, a US-based venture capital firm, alongside contributions from NVentures and existing investors including Samsung, Hyundai Motor Group, Giant Ventures, LocalGlobe, and Northzone.
This funding round has been characterized as an extension of the Series A and is anticipated to elevate CuspAI's valuation to at least $1 billion, potentially reaching this milestone as early as the next year. Insiders highlighted the company's partnerships across automotive, semiconductor, energy, and climate sectors.
CuspAI declined to comment on the funding details and valuation projections.
