New York, NY — Jan 12, 2022
Fusemachines Secures $1 Million in Foreign Direct Investment from Business Oxygen
Fusemachines, the leading AI talent and education platform and service provider, today announced $1 million USD in foreign direct investment (FDI) from Business Oxygen Private Limited (BO2), a Nepal-based private equity fund bringing foreign investments to help local companies grow.
Fusemachines will deploy the funds to substantially grow its Nepal team, with the addition of at least 200 new engineers, as well as to further advance AI education and upskilling initiatives in the country.
“We appreciate how Fusemachines has made a tangible shift in Nepal’s AI education and employment landscape and are excited to support their vision of AI talent generation in Nepal,” said Siddhant Raj Pandey, Chairman and CEO of BO2.
“Since we launched our AI Shikshya in Nepal initiative in 2018, we have continually strived to make an impact around AI reskilling and upskilling for both the technology and non-technology audiences in Nepal,” said Sameer Maskey, CEO of Fusemachines. “With this recent round of funding, we hope to further bolster our ongoing efforts, while significantly adding new, credible talent to our employee base.”
In addition to engaging in strategic training partnerships with Nepal’s educational institutes, Fusemachines has rolled out different AI education initiatives in Nepal over the years, including AI2Go training workshops, Foundations in AI as well as Microdegree™ in AI courses, among others. For more information on the company’s training and talent generation initiatives, please visit fuse.ai.
About Fusemachines
Founded in 2013, Fusemachines is a global provider of enterprise AI products and solutions on a mission to democratize AI. Leveraging proprietary AI Studio and AI Engines, the company helps drive the clients’ AI Enterprise Transformation, regardless of where they are in their Digital AI journeys. Under the leadership of chief executive officer and founder, Dr. Sameer Maskey, PhD, Adjunct Associate Professor at Columbia University, Fusemachines continues to actively pursue the mission of democratizing AI for the masses by providing high quality AI education in underserved communities and helping organizations achieve their full potential with AI. Fusemachines is headquartered in New York with operations across Asia, Canada, USA and Latin America.
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