CuspAI, startup building AI models for chemistry, raises $100 million Series A at $520 million valuation

CuspAI , a startup developing AI models for chemistry that counts several AI luminaries among its scientific advisors, has raised $100 million in new venture capital funding.

The funding round, the company’s Series A, was led by venture capital firm New Enterprise Associates and Singapore sovereign wealth fund Temasek. Nvidia’s venture capital arm NVentures, Samsung , and Hyundai[/hotlink ignore=true] Motor Group also participated in the financing, along with a number of venture capital firms and angel investors who had previously backed the company.

The funding round values CuspAI at $520 million, one source familiar with the deal said. CuspAI declined to comment on its valuation.

CuspAI, which has hired staff from leading AI labs, including Google DeepMind and Meta , is amo