AI Startup Strikes $200 Million SPAC Deal to List on Nasdaq

Fusemachines Inc., which develops artificial intelligence products for enterprise use, is merging with a blank check company in a $200 million deal to begin trading on the Nasdaq.

The combination with CSLM Acquisition Corp. is expected to be completed by the end of the second quarter, the companies said. Fusemachines, based in New York, will trade under the ticker FUSE.

Sameer Maskey

Source: Fusemachines Inc.

Founded in 2013 by Nepal-born entrepreneur Sameer Maskey, Fusemachines has built AI solutions for customers such as media company Time Inc., airport concession operator OTG and luxury-goods firm Tapestry Inc., the owner of brands including Coach ...