Fundamental Research Labs Raises $30M in Series A to Advance AI Agents and Digital Assistants, Led by Prosus.

Aug 01, 2025•4 days ago

Amount Raised

$30 Million

Round Type

series a

Machine LearningArtificial Intelligence

Investors

Patrick CollisonProsus

Description

Fundamental Research Labs, an applied artificial intelligence firm, has secured $30 million in Series A funding. The round was led by Prosus, with significant participation from Stripe's co-founder and CEO Patrick Collison. This funding supports the company's mission to develop advanced AI agents and digital assistants. Previously, they raised a $9 million seed round in 2023, bringing total funding to over $40 million.

Company Information

Company

Fundamental Research Labs

About

Fundamental Research Labs, formerly known as Altera, is an applied artificial intelligence firm focused on developing advanced AI agents and digital assistants. Founded by Dr. Robert Yang, the company utilizes specialized teams to explore a wide spectrum of AI applications, from gaming to enterprise solutions. Its innovative products, such as Fairies and Shortcut, aim to enhance productivity and have already begun generating revenue. The firm is committed to continuous innovation, with long-term ambitions to explore embodied AI.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundamental Research Labs Raises $30M in Series A to Advance AI Agents and Digital Assistants, Led by Prosus.

Investors

Description

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Funding Insights

Company Information