Prosus Ventures leads US$30 million in a Series A funding round in Fundamental Research Labs (formerly known as Altera.AL), an applied AI research company building long-term autonomous, collaborative AI agents, with participation from a16z Speedrun, Patron, First Spark, Factorial, VamosVentures, and angels including

Fundamental Research Labs, formerly known as Altera, secured $33 million in Series A funding led by Prosus, with participation from Stripe co-founder Patrick Collison. The company, founded by Dr. Robert Yang from MIT, focuses on AI applications across various fields and offers products like Fairies, an AI consumer assistant, and Shortcut, a spreadsheet-based agent. They aim to enhance productivity and plan to develop digital human technologies and robots in the future.

Prosus Ventures led a $30 million Series A funding round in Fundamental Research Labs, an AI research company focused on building autonomous, collaborative AI agents. The funding will help advance their research and expand their team. Fundamental Research Labs, co-founded by Dr. Robert Yang, has developed AI agents for complex tasks, including the Shortcut Excel agent, which outperformed human analysts in tests. This round follows a $9 million seed round, bringing total funding to over $40 million.