-1%

est. 2Y upside i

AI & MLSeries B

While nature took billions of years to perfect molecules, we are harnessing AI to unlock trillion-dollar materials breakthroughs in months, not millennia. Our founding team is the most cited in the world, comprised of world-class researchers in AI, chemistry and engineering. We're on the cusp of the on-demand materials era.

Rank

#2320

Sector

AI for Materials Science

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the extreme valuation of $2.6B on only $3.6M revenue (724x multiple) and the high likelihood that common stock will be wiped out by preference stack in any moderate exit scenario, the equity grant from CuspAI offers very limited upside potential.

Last updated: July 19, 2026

Bull (20%)-1%

Assumes revenue grows to $60M (308% CAGR) and exit multiple of 20x, yielding $1.2B exit. After $530M preference, common equity $670M, still a 74% loss from entry valuation. After 20pp dilution, -94%.

Base (35%)-1%

Revenue grows to $30M (189% CAGR) with 10x multiple, exit $300M, entirely consumed by preference stack. Common stock value $0, resulting in -100% return.

Bear (45%)-1%

Revenue stalls at $15M with 5x multiple, exit $75M, well below $530M preference. Common stock worthless; -100% return.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

20%

Total preferred liquidation preference of $530M represents 20.4% of valuation.

Dilution Risk

moderate

Company raised $400M in Series B June 2026; high burn suggests potential need for additional capital within 2 years.

Secondary Liquidity

none

No secondary market activity detected.

Questions to Ask at the Interview

Strategic questions based on CuspAI's data — designed to show you've done your homework.

  • 1

    “How does CuspAI plan to grow revenue from $3.6M to a level that justifies its $2.6B valuation?”

  • 2

    “What is the expected timeline to profitability given the $530M in total funding?”

  • 3

    “How does the preference stack affect employee equity value in downside scenarios?”

Community

Valuation Sentiment

Our model estimates -1% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.