CuspAI, an artificial intelligence (AI) startup based in Cambridge, UK, has raised $30 million in seed money to transform the way materials are created for a more #sustainable future.
Hoxton Ventures led the investment round, while a group of well-known investors, including Basis Set Ventures, Lightspeed Venture Partners, and LocalGlobe, also participated.
CuspAI's cutting-edge platform simplifies the material design process by utilizing the capabilities of deep learning, generative AI, and molecular modeling.
This innovative device functions as a virtual "search engine" for sustainable materials, enabling users to look for materials with particular attributes on #demand.
CuspAI seeks to quickly generate and assess a wide range of innovative material structures in order to find materials with specific capabilities that might effectively tackle important sustainability and clean energy concerns.
CuspAI CEO Dr. Chad Edwards stated, "With this funding, we will be able to expand our operations and development efforts." "Our goal is to leverage the power of AI to develop a new generation of sustainable materials that will help fight climate change."
The leadership team at CuspAI has an outstanding background. The company was co-founded by Professor Max Welling, a #pioneer in AI who was previously a Vice President and Distinguished Scientist at Qualcomm and Microsoft Research.
Alongside him as a co-founder is Dr. Chad Edwards, a seasoned chemist with extensive experience in deep-tech commercialization at Quantinuum, BASF, and Google.
The company's collaboration with Meta further demonstrates its dedication to open science. The goal of this partnership is to find new materials more quickly so that the urgent problem of climate change may be addressed.
CuspAI's #novel approach to material design holds the potential to transform a number of different sectors. The organization is laying the groundwork for a cleaner, more sustainable future by utilizing AI.
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