Jeff Bezos and Sovereign AI back CuspAI in $450M raise

Jeff Bezos and the UK government-backed VC fund backing domestic AI startups have invested in a UK startup developing AI systems to discover and design new materials for clean energy and chipmaking in a $450m raise. The $450m Series B funding round in Cambridge-based CuspAI values the startup at $2.6bn, which is a five-fold jump from its valuation in September last year when it raised $100m at a valuation of $520m. In total, the two-year-old startup has now raised more than $670m.