CuspAI Secures $100 Million for AI-Driven Materials Discovery
Summary
CuspAI, an AI startup developing models for chemistry, raises $100 million Series A at $520 million valuation led by New Enterprise Associates and Temasek, with Nvidia, Samsung Ventures, and Hyundai Motor Group participating to discover new materials for carbon capture, water filtration, and semiconductors.
Key Points
- CuspAI, a startup developing AI models for chemistry, raises $100 million Series A at $520 million valuation
- The funding round is led by New Enterprise Associates and Temasek, with participation from Nvidia, Samsung Ventures, and Hyundai Motor Group
- CuspAI's AI models aim to discover new materials for applications like carbon capture, water filtration, and semiconductors