India, Oct. 6 -- Frontier AI research startup FYDY (Fuzzy Dynamics), which is operating in stealth mode, is in advanced talks to raise $12 Mn (about Rs.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.

As per FYDY's LinkedIn page, the startup was incorporated in 2025. It has five cofounders - Alapan Chaudhuri, Shivansh Subramanian, Anvay Karmore, Tanishq Chaudhary, and Zeeshan Ahmed.

FYDY says its founding team includes ICPC World Finalists and Physics & Astronomy Olym...