The seed financing was co-led by UKI2S and Cambridge Enterprise Ventures to support the commercial deployment of photonic chip designs.
"The team has spent the past few years building and experimentally validating our design technology – it’s exciting to have the resources to begin deploying it to solve real industry problems."
The seed round was led by Hoxton Ventures with participation from Basis Set Ventures and Lightspeed Venture Partners.
"The Fundamental AI Research (FAIR) team is looking forward to collaborating with CuspAI in their use of AI, including our OpenDAC work, to accelerate the discovery of novel DAC sorbent materials. The world needs fast progress on affordable carbon capture, and we believe that CuspAI’s team is in an excellent position to apply AI-based materials discovery to this pressing problem."
The BBC backed the Bristol-based technology startup to develop immersive live experiences for younger audiences.
"The more that this technology moves on, the more we’re going to get closer to that live experience and I think that’s so special. This is a much more accessible way for people to hear live music and I’m all for that."
Marathon Venture Capital led the seed round to support product development and team expansion.
"We are here to challenge the current industry perceptions about digitalization and automation. Our mission is to increase capacity in construction by optimising the manufacturing performance of offsite factories. Once the day-to-day design-to-manufacturing workflows are automated, the integration of manufacturing automation technologies becomes the obvious, de-risked next step."