Cambridge ‘forever chemicals’ start-up CuspAI nears $1bn valuation

A materials subject start-up which aims to eradicate ‘forever chemicals’ that are harmful to humans, is connected the brink of a large caller backing injection little than 4 months aft securing backing from immoderate of the world’s starring investors.

Sky News has learnt that CuspAI, which announced a $100m fundraising successful September, is adjacent to raising tens of millions of pounds from much from immoderate of the aforesaid shareholders which supported its autumn superior boost.

City sources said that Temasek Holdings, the Singaporean authorities fund, and NEA, a large US-based task superior firm, were expected to perpetrate further wealth to the Cambridge-based company.

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CuspAI has besides drawn concern from the likes of NVentures, Nvidia's task arm, Samsung, Hyundai Motor Group, Giant Ventures, LocalGlobe and Northzone.

One insider said the caller backing enactment CuspAI firmly connected way to scope a 'unicorn' valuation of astatine slightest $1bn successful its adjacent backing round, which is apt to instrumentality spot arsenic aboriginal arsenic adjacent year.

The institution was founded successful 2024 by erstwhile chemist Dr Chad Edwards and Professor Max Welling, an AI specialist.

It has developed what it describes arsenic an AI "search engine" for the worldly world, enablings customers to specify the nonstop properties they request and past generating new, synthesizable candidates up to 10 times faster than accepted find methods.

"Next-generation AI compute, cleanable aerial and h2o and sustainable vigor - these multi-billion-dollar planetary challenges stock a communal barrier: materials," Dr Edwards said successful September.

"In conscionable a year, we've gone from conception to partnerships with satellite leaders successful automotive, semiconductors, energy, and climate."

A idiosyncratic adjacent to CuspAI said the caller backing represented an hold of its Series A round, portion the institution itself declined to comment.