About CuspAI
CuspAI is a company based in Cambridge (United States) founded in 2024 by Chad Chad Edwards and Max Welling.. CuspAI has raised $130 million across 2 funding rounds from investors including Lightspeed Venture Partners, Temasek and FJ Labs. CuspAI offers products and services including AI Materials Platform. CuspAI operates in a competitive market with competitors including PhaseCraft, PASQAL, HQS Quantum Simulations, BosonQ Psi and Exponential Technologies, among others.
- Headquarter Cambridge, United States
- Founders Chad Chad Edwards, Max Welling
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Cusp Ai Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$130 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Series A
Sep 10, 2025
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Investors
Lightspeed Venture Partners
& 16 more
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Employee Count
Employee Count
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Products & Services of CuspAI
CuspAI offers a comprehensive portfolio of products and services, including AI Materials Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for accelerating materials discovery using AI and research tools.
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Funding Insights of CuspAI
CuspAI has successfully raised a total of $130M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $100 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $100.0M
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First Round
First Round
(18 Jun 2024)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series A - CuspAI | Valuation | New Enterprise Associates , Temasek | |
| Jun, 2024 | Amount | Seed - CuspAI | Valuation | Hoxton Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CuspAI
CuspAI has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Temasek and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC and PE firm focused on seed and early stage tech companies
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Founded Year | Domain | Location | |
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Early-stage technology investments are managed by Basis Set Ventures.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CuspAI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CuspAI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cuspai Comparisons
Competitors of CuspAI
CuspAI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PhaseCraft, PASQAL, HQS Quantum Simulations, BosonQ Psi and Exponential Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Quantum simulation systems are provided for materials and chemical reactions.
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| domain | founded_year | HQ Location |
Developer of neutral atom quantum computers, offering hardware, cloud access, and software.
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| domain | founded_year | HQ Location |
Quantum simulation software for chemical and pharmaceutical sectors is provided.
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| domain | founded_year | HQ Location |
Provides quantum algorithms for faster simulations in aerospace and defense sectors.
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| domain | founded_year | HQ Location |
AI-based design software is provided for industrial manufacturing processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about CuspAI
When was CuspAI founded?
CuspAI was founded in 2024.
Where is CuspAI located?
CuspAI is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of CuspAI?
Chad Chad Edwards is the current CEO of CuspAI. They have also founded this company.
Is CuspAI a funded company?
CuspAI is a funded company, having raised a total of $130M across 2 funding rounds to date. The company's 1st funding round was a Seed of $30M, raised on Jun 18, 2024.
What does CuspAI do?
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.
Who are the top competitors of CuspAI?
CuspAI's top competitors include HQS Quantum Simulations, PASQAL and PhaseCraft.
What products or services does CuspAI offer?
CuspAI offers AI Materials Platform.
Who are CuspAI's investors?
CuspAI has 17 investors. Key investors include Lightspeed Venture Partners, Temasek, FJ Labs, Hoxton Ventures, and Basis Set Ventures.
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