Kathmandu, Jan 26: The Fusemachines Inc, a company set up by an entrepreneur of Nepali origin, Dr Sameer Maskey, is set to be listed on the US Stock Exchange-NASDAQ.
The Artificial Intelligence company recently entered into a definitive agreement for merger with CSLM Acquisition Corp, paving the path for the AI solutions provider enterprise to debut on the prestigious stock exchange NASDAQ.
Following the merger, the company’s equity valuation is estimated to be worth USD 200 million, according to Dr Maskey, CEO of the company.
It will be publicly traded company on the NASDAQ under the name ‘Fuse’, said Dr Maskey, adding that deal for business combination with the CSLM Acquisition Corp is expected to be carried out at the end of second quarter of fiscal year 2024.
The board members of the both companies have already approved the deal and it will be listed on NASDAQ following approval of stakeholders and fulfilling legal process.
The company that makes Artificial Intelligence accessible to everyone through education, software and services has employed over 500 employees including over 350 from Nepal.
Who is Maskey
Dr Maskey is a computer scientist, educator and entrepreneur, currently serving as the Founder and CEO for Fusemachines Inc, and an adjunct associate professor at Columbia University.
Growing up in Kathmandu, Nepal, he enrolled in Bates College in Maine, USA for undergraduate studies. After graduating from Bates, he continued his pursuit of further studies by enrolling in a PhD programme in Computer Science at Columbia University in New York City.
He went on to contribute to the academic community by serving in various capacities at international conferences. He served as a session chair, a program committee member, and a review committee member at many international conferences including ACL, HLT, ICASSP, Interspeech, NAACL and COLING.
Maskey founded the company, Fusemachines, in 2013. Headquartered in New York with operations spanning across Asia, Canada, the USA, and Latin America, the company aims to make artificial intelligence technology accessible to underserved communities around the world by providing AI education programs AI job opportunities, and an AI platform that helps provide AI Assisted Learning, said Maskey.
What inspires Maskey
Hollywood AI movies have inspired me as a child to get into the AI world. AI movies and series on Television, in cinemas and newspapers may have inspired me.
His feeling for Nepal
Proving good opportunities to Nepali people help them transform their lives. This has always made me do something for Nepal and has made me visit Nepal frequently.
