Fusemachines and CSLM Acquisition announced today a definitive agreement for a business combination at an equity valuation of $200 million. The target is a provider of enterprise ai products and solutions.
If the deal is approved, the combined company is expected to list on the Nasdaq under the ticker symbol FUSE. The business combination is expected to be completed by the end of Q2.
Formerly named Consilium Acquisition I, the SPAC raised $165 million in an ipo two years ago.
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. Read more.