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

PRIVATEAug 01, 2025•11 months ago

Amount Raised

$30 Million

Round Type

series a

Artificial IntelligenceMachine Learning

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.

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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

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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