Who is betting on what in AI, and against whom.
Generative materials for carbon capture.
CuspAI, co-founded by Max Welling, generates and screens materials for carbon capture and other industrial uses. It raised a $30M seed in 2024, a $100M Series A in September 2025, and $450M in July 2026.
| Amount | Kind | Valuation | Date | Investors | Source |
|---|---|---|---|---|---|
| $30M | seed | Jun 2024 | Hoxton Ventures, Basis Set Ventures, Lightspeed | FinSMEs | |
| $100M | Series A | $500M reported | Sep 2025 | NEA, Temasek, NVentures, Samsung Ventures, Hyundai | Reuters via Yahoo Finance |
| $450M | funding round | Jul 2026 | SiliconANGLE |