CUSPAI RAISES $200M, EYES $1B VALUATION

The London-based company focuses on using artificial intelligence to accelerate the discovery of new materials—a field critical for industries ranging from semiconductors to renewable energy. CuspAI joins a growing cohort of AI-powered deeptech startups attracting significant capital. The funding round would mark a major milestone for the company, transforming it into a unicorn and validating the commercial potential of AI-driven materials science. Temasek, Singapore's sovereign wealth fund, has positioned itself as a key investor in AI and deeptech ventures. The investment reflects broader confidence in AI's application beyond software and into physical science domains. The talks underscore investor appetite for startups tackling fundamental scientific challenges with machine learning. Materials discovery has historically been slow and costly; AI offers the potential to compress timelines and reduce research expenses significantly.