Jeff Bezos is investing in UK start-up CuspAI as part of a $400mn financing that will more than quadruple the two-year-old AI developer’s valuation to $2.6bn.
CuspAI applies generative AI to material sciences and counts AI pioneers Geoffrey Hinton and Yann LeCun and former BP chief Lord John Browne as advisers.
The deal will see the Cambridge-based company’s valuation jump from $520mn last September to $2.6bn, including the new capital raised. Investors include Silicon Valley venture capitalists Kleiner Perkins and Bezos Expeditions, the Amazon founder’s family office, according to people familiar with the matter.
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