CuspAI reaches $2.6 billion amid AI chip racePublished on: August 3, 2026 3:12 PM
Pakistan, Aug. 3 -- CuspAI, a United Kingdom-based artificial intelligence startup specialising in advanced chip materials, has reached a valuation of $2.6 billion after attracting investment from Jeff Bezos, Nvidia and Meta. The company, founded in 2024 by Dr. Chad Edwards and Professor Max Welling in Cambridge, is using AI to discover new materials that could improve the performance and efficiency of next-generation computer chips. The latest investment highlights growing interest in technologies supporting the expanding AI industry.
The startup secured $450 million in a Series B funding round on July 20, raising its total funding to more than $580 million. The investment round was co-led by Kleiner Perkins and NEA, with additional bac...
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