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January 24, 2026
Latham Advises on US$30 Million Seed Fundraising of CuspAI
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- Latham & Watkins advised Hoxton Ventures and Basis Set Ventures in the US$30 million seed financing round for CuspAI, an applied AI company focused on developing a platform for next-generation materials aimed at addressing sustainability and clean energy challenges
- The investment will fund CuspAI’s work on machine learning algorithms for molecular and material design
- The financing round was led by Hoxton Ventures, with participation from Basis Set Ventures and Lightspeed Venture Partners.
Latham & Watkins has advised Hoxton Ventures and Basis Set Ventures on the US$30 million seed financing round of CuspAI, an applied AI company building a platform for next-generation materials to tackle global sustainability and clean energy challenges. The new investment will support CuspAI’s development and deployment of machine learning algorithms for novel molecular and material design. The round was led by Hoxton Ventures, with significant participation from Basis Set Ventures and Lightspeed Venture Partners. The Latham team was led by London corporate partner Shing Lo, with associates Venice Ma and Cyrus Fung.~~
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