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Fundamental Research Labs

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Formerly known as Altera, applied research lab developing digital human agents

Menlo Park, United StatesFounded 2023AI
Valuation $100–250M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Fundamental Research Labs and the history behind them.

About Fundamental Research Labs

Altera is an applied research lab specializing in the development of digital human agents. The company operates in the artificial intelligence (AI) sector, focusing on creating agents that exhibit fundamental human traits such as empathy, friendship, and fun. Altera serves both individual users and enterprises, providing highly capable, interoperable, and long-term autonomous agents. The business model revolves around advancing novel research, scaling infrastructure to support new technologies, and delivering unique products directly to the market. Altera's first product is an agent capable of playing Minecraft with users, simulating a friendly and interactive experience. The company has garnered significant attention and investment, raising over $2 million in funding from Andreessen Horowitz and other investors. Altera aims to redefine the capabilities of AI agents, making them more human-like and versatile. Keywords: digital human agents, AI, empathy, friendship, fun, Minecraft, autonomous, interoperable, research lab, enterprise solutions.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2023
Headquarters
Menlo Park, United States
Employees
31
Open positions
None listed
Dealroom signal
62.5/100
Industry
Enterprise Software
Sector
AI, Core AI, Novel AI, Generative AI, genAI Model Maker, AI Model Maker, AI Agents, ai model layer, DT and LS
Technology
Artificial Intelligence, Deep Tech, Machine Learning
Business model
SaaS
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Aug 2025 $33M $132M Vamos Ventures · a16z speedrun · Prosus Ventures · Patrick Collison ↗
SEED✓Equity / VC May 2024 $9M $36M Alumni Ventures · Bob Meese · Stephen Lim · First Spark Ventures ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Fundamental Research Labs website traffic

Latest recorded traffic for Fundamental Research Labs is 9.4K monthly website visits, up 88% over the last three months. Fundamental Research Labs's team declined 26.2% over the past year.

Latest monthly visits9.4K 3-month web change+88% 1-year team growth-26.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed12 investors entered at this stage

  • Andreessen Horowitz
  • Gunderson Dettmer
  • Alumni Ventures
  • LiquidMetal Ventures
  • Joon Sung Park
  • Vamos Ventures
  • Zachary Weiner
  • First Spark Ventures
  • Patron
  • Bob Meese
  • Stephen Lim
  • Mitch Lasky

Series A4 investors entered at this stage

  • Prosus Ventures
  • a16z speedrun
  • Patrick Collison
  • Factorial
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States95.7%
🇮🇳 India4.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Fundamental Research Labs on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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