United Kingdom · Series B startup

Who invested in CuspAI

6 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AIChemicals & MaterialsCleantechDeeptech

Raised 4 months ago

Funding summaryUpdated 5 Nov 2026

$950Mraised across 6 rounds since 2024, from 8 sources

$400MRound$450MSeries B
Latest round
Series B, $450MJul 2026
Led by
New Enterprise Associates and Kleiner Perkins
Investors
13 (2 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20252026
$250KRound$190KSeed$100MSeries A?Venture$400MRound$450MSeries B
First round
Round, $250K
Jul 2024
Biggest round
$450M
Series B · Jul 2026
Usual gap between rounds
5 months
the median of 5

The rounds

  1. Jul 2026
  2. Jun 2026
  3. Mar 2026
  4. Oct 2025
  5. Nov 2024
    Seed$190K

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

  6. Jul 2024
    Round$250K

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

Funding filed with regulators

CuspAI filed 9 raises, $541M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Aug 2026$377MUK share allotment
  2. Mar 2026$61MUK share allotment
  3. Nov 2025$197KUK share allotment
  4. Sept 2025$502KUK share allotment
  5. Sept 2025$39MUK share allotment
  6. Aug 2025$14MUK share allotment
  7. Aug 2025$49MUK share allotment
  8. Nov 2024$190KUK share allotment
  9. Jul 2024$250KUK share allotment

Founders and team

From CuspAI's own website: 2 on the team.

  • Patrick VandenameeleChief Executive Officer, imec
  • David FriedChief AI Officer, Lam Research

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

New Enterprise AssociatesVC firm3rounds, led 2
Kleiner PerkinsVC firm2rounds, led 1
Temasek HoldingsVC firm2rounds
Basis Set VenturesVC firm2rounds
Bezos ExpeditionsFamily office2rounds
Lux CapitalVC firm1round
LocalGlobeVC firm1round
AMD VenturesVC firm1round
NewView CapitalVC firm1round
Invest-NLPrivate equity1round
the U.K. governmentGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 4 firms list CuspAI as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Shorooq PartnersVC firmPer its own site
Zero Prime VenturesVC firmPer its own site
Glade Brook Capital PartnersVC firmPer its own site
Sovereign AIGovernmentPer its own site

Quick answers about CuspAI

Who invested in CuspAI?

CuspAI's investors include New Enterprise Associates, Kleiner Perkins, Lightspeed Venture Partners, Temasek Holdings and Basis Set Ventures, and 8 more on record. New Enterprise Associates led its latest round.

How much has CuspAI raised?

CuspAI has raised $950M across 6 rounds since 2024. One round did not disclose an amount, so the total is a floor.

When did CuspAI last raise?

CuspAI's most recent round was a Series B of $450M in Jul 2026, led by New Enterprise Associates.

What was CuspAI's biggest round?

Its most recent round, $450M in Jul 2026, is also its largest on record.

Who backed CuspAI first?

CuspAI's first round on record, in Oct 2025, was backed by New Enterprise Associates, Lightspeed Venture Partners and Temasek Holdings and 2 others.

What stage is CuspAI at?

CuspAI's latest named round is a Series B, in Jul 2026.

Where is CuspAI based?

CuspAI is based in the United Kingdom.

Who led CuspAI's rounds?

New Enterprise Associates led the Series A in 2025.

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In the same sector, and raised in the last eighteen months.

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