London-based startup CuspAI is reportedly in advanced talks to raise over $100 million in a new funding round to further develop its AI-driven materials discovery platform. Founded in 2024, the company previously secured $30 million in seed funding from notable venture capital firms including Hoxton Ventures, Lightspeed Venture Partners, and Northzone. This fresh capital injection aims to accelerate CuspAI’s progress in revolutionising materials science, particularly with applications in climate technology.

CuspAI’s innovative platform operates as a generative AI-powered search engine for materials, allowing users to input desired material properties and receive optimised chemical compositions that meet those specifications. By combining generative AI with molecular simulation techniques, the firm seeks to streamline and significantly speed up the materials discovery process. This approach could profoundly impact industries ranging from sustainable manufacturing to environmental remediation.

The company has explicitly targeted climate solutions as a primary focus area. Cofounder Dr Chad Edwards told Sifted that CuspAI’s technology is geared towards creating materials capable of capturing carbon emissions, a critical challenge in the global effort to mitigate climate change. This direction aligns with broader industry trends aiming to leverage AI for sustainability goals.

Recent strategic partnerships underscore CuspAI’s commitment to practical environmental applications. The startup has teamed up with Kemira Oyj, a Finnish company specialising in sustainable chemical solutions. Their initial collaboration focuses on tackling per- and polyfluoroalkyl substances (PFAS), often referred to as ‘forever chemicals,’ which persist in water and pose serious health risks. By integrating Kemira’s chemical expertise with CuspAI’s AI capabilities, the project seeks to develop innovative materials for effective PFAS removal, marking a significant step in the digital transformation of chemical research and development.

CuspAI’s earlier seed round highlighted the company’s strong backing and expert leadership. Notably, the startup appointed Geoffrey Hinton, a pioneer in artificial intelligence, as Chief Scientist, and forged a partnership with Meta to collaborate on open science initiatives targeting new materials for climate change mitigation. Industry leaders including Meta’s Chief AI Scientist Yann LeCun have expressed confidence in CuspAI’s technological potential to address pressing environmental challenges.

With this prospective $100 million fundraising effort, CuspAI aims to expand its platform’s capabilities and accelerate the deployment of AI-designed materials that could unlock new frontiers in sustainability and clean energy. The talks signal strong investor confidence in the company’s vision to transform material science through artificial intelligence, aligning with growing market demand for innovative climate technology.

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Source: Noah Wire Services