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💰 MoneyJuly 20, 2026

CuspAI raises €393.2 million at €2.2 billion valuation; launches AI Materials Foundry to accelerate materials discovery

CuspAI, a Cambridge-based company building an AI system for materials discovery, today announced its €393.2 million ($450 million) Series B funding round at a €2.2 billion ($2.6 billion) valuation and the launch of “AI Materials Foundry”, a global network to accelerate the design of new materials. The funding round was led by Kleiner Perkins and […] The post CuspAI raises €393.2 million at €2.2 billion valuation; launches AI Materials Foundry to accelerate materials discovery appeared first on EU-Startups .

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https://www.eu-startups.com/2026/07/cuspai-raises-e393-2-million-at-e2-2-billion-valuation-launches-ai-materials-foundry-to-accelerate-materials-discovery/