Jeff Bezos and UK government invest in £2bn British startup CuspAI
Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chains Business live – latest updates Amazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup...
Jeff Bezos and the UK government have backed a Cambridge-based artificial intelligence startup that wants to make it easier to find the rare materials needed for advanced technology manufacturing.
CuspAI, a two-year-old British company, said it has raised $450 million, or about £330 million, in new funding from investors including Amazon founder Jeff Bezos and the UK government’s sovereign AI fund. The latest round values the business at $2.6 billion, according to the report from The Guardian Technology.
The company is aiming to build AI software that can speed up research and help reduce the use of scarce metals in chipmakers’ supply chains. Its stated goal is to become a kind of “search engine for rare materials,” a tool that could help identify alternatives and shorten the time it takes to develop new materials for industrial use.
The investment highlights continued interest in artificial intelligence companies focused on scientific discovery and materials research, not just consumer software. For the UK government, the backing also signals support for a domestic AI firm working on strategic technology challenges tied to supply chains and advanced manufacturing.
This report is based on a monitored public feed.
Source: The Guardian Technology - https://www.theguardian.com/technology/2026/jul/20/jeff-bezos-uk-government-invest-in-2bn-british-startup-cuspai
