# CuspAI funding: rounds and investors > CuspAI has raised $950M across 6 rounds since 2024. Investors include New Enterprise Associates, Kleiner Perkins and Lightspeed Venture Partners. Source: https://millionrounds.com/company/cuspai (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Series B startup](https://millionrounds.com/companies) # 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. AI Chemicals & Materials Cleantech Deeptech Raised 4 months ago Follow CuspAI and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fcuspai) Funding summary Updated 5 Nov 2026 **$950M** raised across 6 rounds since 2024, from 8 sources **$400M** Round **$450M** Series B - **Latest round:** Series B, $450M Jul 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. 2025 2026 **$250K** Round **$190K** Seed **$100M** Series A **?** Venture **$400M** Round **$450M** Series B - **First round:** Round, $250K - **Biggest round:** $450M - **Usual gap between rounds:** 5 months ## The rounds - **Jul 2026** Series B **$450M** *6 new* *3 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) Lead [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) Lead [Lux Capital](https://millionrounds.com/fund/lux-capital) [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) [AMD Ventures](https://millionrounds.com/fund/amd-ventures) [NewView Capital](https://millionrounds.com/fund/newview-capital) [Invest-NL](https://millionrounds.com/fund/invest-nl) [Britain's Sovereign AI Venture Fund](https://millionrounds.com/fund/britain-s-sovereign-ai-venture-fund) [the U.K. government](https://millionrounds.com/fund/the-u-k-government) Reported by TechStartups and 1 other - **Jun 2026** Round **$400M** *2 new* [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) Reported by TechStartups - **Mar 2026** Venture **Amount undisclosed** *4 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) Source recorded - **Oct 2025** Series A **$100M** *5 new* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Temasek Holdings](https://millionrounds.com/fund/temasek) [LocalGlobe](https://millionrounds.com/fund/localglobe) [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) Reported by Hoxton Ventures and 1 other - **Nov 2024** Seed **$190K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **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. - Aug 2026 **$377M** UK share allotment - Mar 2026 **$61M** UK share allotment - Nov 2025 **$197K** UK share allotment - Sept 2025 **$502K** UK share allotment - Sept 2025 **$39M** UK share allotment - Aug 2025 **$14M** UK share allotment - Aug 2025 **$49M** UK share allotment - Nov 2024 **$190K** UK share allotment - Jul 2024 **$250K** UK share allotment ## Founders and team From CuspAI's own website: 2 on the team. - **Patrick Vandenameele** Chief Executive Officer, imec - **David Fried** Chief 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. **Round** 2024 **Seed** 2024 **Series A** 2025 **Venture** 2026 **Round** 2026 **Series B** 2026 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) L L [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) L [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) [Lux Capital](https://millionrounds.com/fund/lux-capital) [LocalGlobe](https://millionrounds.com/fund/localglobe) [AMD Ventures](https://millionrounds.com/fund/amd-ventures) [NewView Capital](https://millionrounds.com/fund/newview-capital) ## Everyone who backed them [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **3** rounds, led 2 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **2** rounds, led 1 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **2** rounds [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures) VC firm **2** rounds [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) Family office **2** rounds [Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **1** round [LocalGlobe](https://millionrounds.com/fund/localglobe) VC firm **1** round [AMD Ventures](https://millionrounds.com/fund/amd-ventures) VC firm **1** round [NewView Capital](https://millionrounds.com/fund/newview-capital) VC firm **1** round [Invest-NL](https://millionrounds.com/fund/invest-nl) Private equity **1** round [Britain's Sovereign AI Venture Fund](https://millionrounds.com/fund/britain-s-sovereign-ai-venture-fund) VC firm **1** round [the U.K. government](https://millionrounds.com/fund/the-u-k-government) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cuspai). ## 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 Partners](https://millionrounds.com/fund/shorooq-partners) VC firm Per its own site [Zero Prime Ventures](https://millionrounds.com/fund/zero-prime-ventures) VC firm Per its own site [Glade Brook Capital Partners](https://millionrounds.com/fund/glade-brook-capital) VC firm Per its own site [Sovereign AI](https://millionrounds.com/fund/sovereign-ai) Government Per 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. ## Companies like CuspAI In the same sector, and raised in the last eighteen months. [**Atmospheric AI** $20M · Nov 2026](https://millionrounds.com/company/atmospheric-ai)[**Lazarus AI** $43M · Nov 2026](https://millionrounds.com/company/lazarus-ai)[**Crediflow AI** $2.0M · Nov 2026](https://millionrounds.com/company/crediflow-ai)[**Thistle** $10M · Nov 2026](https://millionrounds.com/company/thistle)[**Fractile** $960M · Oct 2026](https://millionrounds.com/company/fractile)[**Nexgen Cloud** $179M · Oct 2026](https://millionrounds.com/company/nexgen-cloud) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app