About Fusemachines

Founded in 2013, Fusemachines is headquartered in New York but has operations across Asia, Latin America, Canada, and the USA. The company’s mission is simple yet powerful: “to democratize AI”.

Fusemachines provides enterprise AI solutions, including platforms like AI Studio and AI Engines, helping businesses automate processes, gain insights, and leverage AI technologies for growth.

The Big Move: NASDAQ Listing

Fusemachines recently signed a business combination agreement with CSLM Acquisition Corp, a SPAC (Special Purpose Acquisition Company), to go public on NASDAQ.

Some highlights of this move:

• The company is expected to receive around $20 million in working capital.

• The valuation is estimated at $200 million (~25 billion NPR).

• The listing is projected to complete by mid-2024.

This move could make Fusemachines the first company of Nepali origin to be listed on a major US exchange, bringing international visibility to Nepal’s tech talent.

Why It Matters for Nepal

Fusemachines’ success is a source of inspiration for the Nepali IT sector:

• Global Recognition: Showcases Nepali talent on the international stage.

• Boost for Tech Ecosystem: Encourages other Nepali IT and AI startups to aim for global expansion.

• Economic Impact: Potential for increased export of AI services and foreign investment.

• Learning Opportunity: Local companies can learn about scaling products, managing international operations, and meeting global compliance standards.

What to Watch

While this is an exciting story, it’s important to keep a realistic perspective:

• Listing through a SPAC involves market and regulatory risks.

• Fusemachines operates globally, so not all value directly impacts Nepal.

• Local investors cannot directly buy shares via Nepal’s stock market (NEPSE) and would need to access US markets or ADRs.

Lessons for Nepali IT Companies

1. Think Global: Fusemachines proves that a Nepali-founded company can serve international clients and scale globally.

2. Focus on Products, Not Just Services: Building scalable AI products opens doors to higher valuation and global markets.

3. Leverage Talent: Combining Nepali talent with global opportunities can create success stories with international recognition.

Final Thoughts

Fusemachines’ journey is more than just a company going public — it’s a symbol of Nepali innovation, talent, and ambition. For young tech enthusiasts, entrepreneurs, and investors in Nepal, it’s a reminder that global dreams are achievable with vision, skill, and perseverance.

Disclaimer

This article is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any financial instruments. Readers should conduct their own research and consult with a licensed financial advisor before making any investment decisions.

NepState and the author cannot be held responsible for any financial losses or damages resulting from actions taken based on the information in this article.