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."
Connect Ventures led the seed financing round to support domestic growth and team expansion.
"Our latest round of investment underscores the urgency of our mission. Businesses shouldn’t bear high costs due to a lack of understanding about where or how to find better deals. Our platform provides instant, transparent access to the best solutions for each business. It not only saves time, but also introduces a level of pricing fairness previously unseen in the industry."
The funding extension comes alongside the appointment of new chief executive officer Kate Henningsen.
"Infogrid’s growth to date coincides with a transformative moment for the built world. The company’s technology future-proofs any building and delivers a solution not otherwise available in the market. I’ve made decarbonising the world the goal of my professional life and I’m thrilled to be joining Infogrid at this critical moment to help real estate organisations reduce their carbon footprint. As an industry, the built world now has a technology that can make an impact at scale, rather than addressing isolated issues. Climate is the problem of our generation to solve and by pursuing this opportunity, Infogrid has the potential to become a category-defining company."
The round was backed by British Patient Capital, Lombard Odier Investment Managers, and Northzone to help scale services for frontline employees.
"Do frontline workers not deserve choice? Do frontline workers – who keep essential services running in good times and tough times – not deserve a better financial future?"