Originally published on AI Tech Connect.
What you need to know The round. CuspAI, a Cambridge, UK-based AI materials-discovery startup, announced $450 million in Series B financing around 21 July 2026, at a valuation of $2.6 billion — up from $520 million in September. Kleiner Perkins and NEA co-led. The coalition. On the same day, the company launched the AI Materials Foundry: more than 48 technology companies, industrial firms and research facilities pooling computing power and scientific resources. Named members include Nvidia, Meta Platforms and Hyundai Motor Group. The hiring. CuspAI is opening an office in Singapore and expanding teams in the UK, the Netherlands, Germany, Japan and the United States. This is not a single-country story. The caveat. A roughly fivefold valuation step-up in about ten months prices in execution…
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