A Nepal-born AI Company Fusemachines Goes Public on NASDAQ!

Fusemachines, an enterprise AI company founded in New York by Nepali AI researcher Dr Sameer Maskey, was officially listed on NASDAQ, trading under the ticker FUSE on October 23, 2025.

This listing is more than a financial milestone; it’s a highlight of how innovation born from Nepali talent can make its mark on the world stage.

Fusemachines Listed on NASDAQ

Before blooming on Wall Street as the first tech firm with Nepali roots, Fusemachines was seeded in a small two-room office in Kathmandu.

Founding of Fusemachines

Initially, Columbia University professor Dr Maskey launched a local venture called Parakhi.com in 2011 — a small social networking platform run from Anamnagar, Kathmandu. He then envisioned a team of Nepali engineers building world-class AI solutions and carried a mission to “democratise AI”.

In pursuit of that vision, he crossed the Atlantic once again and founded Fusemachines in New York in 2013. Later in 2016, Dr Sameer Maskey’s Parakhi.com team fused into his newer company and became “Fusemachines Nepal”.

The firm has now grown into a multinational company, with offices in the US, Canada, Latin America, and parts of Asia, including India, offering enterprise-grade AI solutions to global clients. Furthermore, Fusemachines is said to have a 400-strong global workforce, and over half of whom are reportedly Nepali.

Wall Street Journey

The company’s journey to Wall Street follows its successful business combination with CSLM Acquisition Corp., a U.S.-based Special Purpose Acquisition Company (SPAC), as officially announced through GlobeNewswire.

Trading under the symbol FUSE, this marks the first time a company with Nepali roots has been listed on a major global stock exchange — and not just any exchange, but the second-largest in the world.

This is a significant milestone not just for Fusemachines, but for Nepal’s growing digital economy too. FUSE opened at USD 3.30 on October 23, 2025, and climbed as high as USD 4.25 (as of writing).

A Founder’s Reflection

For CEO and founder Dr Maskey, the moment carries deep personal and national meaning. In a heartfelt Facebook post, he wrote:

When I started Fuse, it was not about going public; it was about seeing how the years I had spent learning, teaching, and working in AI could be used to make a difference and positively impact lives.

Today, we celebrate more than a business milestone; we celebrate a dream born in Nepal that now shines on the global stage.

He thanked his team — many of whom have been with the company since the early days — along with his partner, family, and investors, including Dolma Impact Fund, Future Perfect Ventures, IME, BO2, and Consilium Investment Management, for believing in the vision and supporting the journey.

He also added:

I believe AI will have a profound impact on the world in the coming decade. I feel fortunate to have the opportunity now as the CEO of a publicly listed AI company to help build products and services that can make a difference in lives.”

Fusemachines’ NASDAQ Journey: Conclusion

As Fusemachines (FUSE) begins its new chapter as a publicly listed company, it stands as a testament to how ideas born in Nepal can influence the world of technology.

It’s a proud moment for Nepal’s tech ecosystem and a reminder that global innovation can start anywhere. Here’s wishing Fusemachines continued success in the years ahead.

What are your opinions on Fusemachines being listed on NASDAQ? Do let us know in the comments!

(Coverage Article)