CuspAI in Talks to Raise $100 Million to Discover New Materials
PATH Train Service Resumes After Fire at Jersey City Station
Seeking Relief From Heat and Smog, Cities Follow the Wind
Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole
NYC Mayor Adams Gives Bally's Bronx Casino Plan a Second Chance
Founded in 2024, CuspAI uses generative AI and molecular simulation to build a platform that it likens to a highly specialized search engine. Users can describe properties they'd like a new material to have and the service responds with a chemical makeup.
CuspAI declined to comment. The people familiar with the deal talks asked not to be identified discussing private information.
CuspAI Chief Executive Officer Chad Edwards previously told Bloomberg News that he sees opportunity in green hydrogen, synthetic fuels and semiconductor manufacturing. The startup recently partnered with Kemira Oyj, a Finnish chemicals company, starting with a project focused on removing forever chemicals from water.
The company raised $30 million in seed funding in 2024. Earlier this year, AI 'godfather' and recent Nobel laureate Geoffrey Hinton joined the startup's advisory board.
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©2025 Bloomberg L.P.
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