Exclusive: AI Research Startup FYDY In Talks To Raise $12 Mn From Lightspeed, General Catalyst

Frontier AI research startup FYDY (Fuzzy Dynamics), which is operating in stealth mode, is in advanced talks to raise $12 Mn (about ₹115 Cr) in its maiden funding round, sources told Inc42. Lightspeed Venture Partners and General Catalyst are co-leading the round, which is being discussed at a $50 Mn valuation, the sources said. While questions sent to FYDY didn’t elicit any response, Lightspeed Venture Partners and General Catalyst did not respond.