# Fundamental Research Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fundamental-research-labs

- Industry: Software
- Headquarters: Menlo Park, US
- Website: https://fundamentalresearchlabs.com
- Total disclosed funding: $85M
- Latest round: Series B (Aug 5, 2025)
- Investors on record: 8

## About

Founded in 2023 and based in California, US, Fundamental Research Labs, Inc., formerly known as Altera.AL, operates as an information technology infrastructure company that develops digital human beings. The company was founded by its CEO, Robert Yang, Andrew Ahn, Nico Christie, and Shuying Luo. Fundamental Research Labs develops AI technology to create digital human beings, and these digital humans will be companions and collaborators for people. The firm develops agents that can play Minecraft with a user. In August 2025, Fundamental Research Labs, Inc. raised USD 45 million in series B funding co-led by Sequoia Capital. The company will use the August 2025 funding for further growth and development.

## Funding rounds

- Series B, Aug 5, 2025, $45M — Hong Shan
- Series A, Jan 21, 2025, $31M — Andreessen Horowitz, Prosus Ventures, VamosVentures, Factorial Funds, Patron, First Spark Ventures
- Seed, Apr 11, 2024, $9M — Andreessen Horowitz, Alumni Ventures Group, VamosVentures, Patron, First Spark Ventures

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- VamosVentures (https://capitalatlas.ai/funds/vamosventures) — Seed, Series A
- Patron (https://capitalatlas.ai/funds/patron) — Seed, Series A
- First Spark Ventures (https://capitalatlas.ai/funds/first-spark-ventures) — Seed, Series A
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series A
- Factorial Funds (https://capitalatlas.ai/funds/factorial-funds) — Series A
- Hong Shan — Series B