Britain's Sovereign AI Venture Fund

“CuspAI, a U.K.-based materials discovery startup, raised $450M in Series B at a $2.6 billion valuation, led by Kleiner Perkins and NEA with participation from Jeff Bezos and John Doerr.”

“The scale of the round and the caliber of investors signals that AI-powered materials science is graduating from niche to mainstream investment theme — sitting at the intersection of AI and physical-world application (energy, manufacturing, defense).”

“Britain's Sovereign AI Venture Fund and the Abu Dhabi Investment Authority (ADIA) both appear in this edition — the former as a co-investor in CuspAI's $450M round, and the latter as a selling stockholder in Jersey Mike's IPO with an 8.5% stake.”