Hoxton Ventures
Assembly Line
CuspAI raises $30M to create a GenAI-driven search engine for new materials
The modern method of coming up with new materials is to make something and then use a computer to work out whether the material came out correctly. But what if you flipped that around, using generative-AI-driven software to design the material in the first place? That’s the premise behind Cambridge, U.K.-based CuspAI, which has now secured $30 million in a seed round led by Hoxton Ventures, with significant participation from Basis Set Ventures and Lightspeed Venture Partners.
The company says its platform functions like a search engine for materials, enabling the fast evaluation of a “vast number of novel structures.” An area where CuspAI thinks AI-designed materials could have a significant near-term impact is carbon capture and storage.
Cogna's AI-powered SaaS raises £3.76M to improve industry problem-solving
London-based Cogna announced it has raised £3.76 million to transform how traditional industries solve unique, difficult problems. The funding round was led by Hoxton Ventures, with participation from Notion Capital and Octopus First Cheque Fund, and a roster of angel investors including Stan Boland (Founder, Icera); Hermann Hauser (of Amadeus Capital Partners); Professor Neil Lawrence (DeepMind Professor of Machine Learning, Cambridge); Zayd Enam and Tim Shi (Founders of Cresta); Ping Wu (CEO of Cresta); and Aviv Nevo, Nick Elliot (Helsing).
Founded in 2023, Cogna is a SaaS company using AI to create highly customised software applications, selling them as a standard SaaS licence to numerous companies. Cogna’s AI-driven SaaS platform simplifies the integration of data across different business areas and gives domain experts the ability to create their own customised software tools in collaboration with AI – to drive analysis, optimisations and decisions that deliver vast improvements.