Sources: UK-based CuspAI, which aims to use AI for discovering new materials, is in discussions to raise at least $200M, taking its valuation to over $1B (Yazhou Sun/Bloomberg)
CuspAI, a UK startup using AI for materials discovery backed by Temasek, is in talks to raise $200M+ at a $1B+ valuation, joining the AI unicorn ranks.
Excerpt
<a href="https://www.bloomberg.com/news/articles/2026-04-20/temasek-backed-cuspai-in-talks-to-boost-value-above-1-billion"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260420/i14.jpg" vspace="4" /></a>
<p><a href="http://www.techmeme.com/260420/p14#a260420p14" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Yazhou Sun / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-04-20/temasek-backed-cuspai-in-talks-to-boost-value-above-1-billion">Sources: UK-based CuspAI, which aims to use AI for discovering new materials, is in discussions to raise at least $200M, taking its valuation to over $1B</a></b></span> — CuspAI, a British startup that aims to use artificial intelligence for discovering new materials, is in discussions to raise … </p>
Read at source: http://www.techmeme.com/260420/p14#a260420p14