🔴 Bezos, UK fund back £2bn AI startup CuspAI in $450m Series B
Cambridge-based CuspAI, valued at $2.6bn, raised $450m (£330m) from Amazon founder Jeff Bezos, the UK government's sovereign AI fund, and Kleiner Perkins. The two-year-old startup launched the AI Materials Foundry, a coalition of 48+ tech, industrial, and research firms including Nvidia, Meta Platforms, and Hyundai.
• CuspAI builds AI software to discover materials for chipmakers, targeting rare metals like iridium and ruthenium
• Coalition aims to accelerate energy networks, batteries, and semiconductor development
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