Exhibit 99.1 #DemocratizeAI Confidential Investor Presentation
No Offer or Solicitation, Trademarks and Non-GAAP Measures This presentation has been prepared by Fusemachines Inc. (the “Company”) and CSLM Acquisition Corp. (“CSLM”) for information purposes only. The presentation was created for interested parties to make an evaluation of the subject matter contained herein and to assist them in evaluating the proposed transaction between the Company and CSLM. In all cases, interested parties should conduct their own investigation and analysis of the Company, CLSM and the data contained in this presentation. No Offer or Solicitation This presentation shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This presentation shall also not constitute an offer to sell or the solicitation of any offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the proposed transaction, a Registration Statement on Form S-4 (the “Registration Statement”) has been filed with the SEC in connection with the proposed transaction which will include a proxy statement/prospectus and certain other related documents, which will include both the proxy statement to be distributed to holders of common stock of CSLM in connection with CSLM’s solicitation of proxies for the vote by CSLM’s shareholders with respect to the proposed transaction and other matters as may be described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities to be issued in the proposed transaction. CSLM’s shareholders and other interested persons are advised to read the proxy statement/prospectus included in the Registration Statement and the amendments thereto and the definitive proxy statement/prospectus, as these materials will contain important information about the Company, CSLM and the proposed transaction. After the Registration Statement is declared effective, the definitive proxy statement/prospectus will be mailed to shareholders of CSLM as of a record date to be established for voting on the proposed transaction and other matters as may be described in the Registration Statement. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Trademarks In addition to trademarks, service marks, trade names, copyrights and logos of Fusemachines and CSLM contained herein, this presentation contains trademarks, service marks, trade names, copyrights and logos of other companies, which are the property of their respective owners. Unless otherwise stated, the use of these other trademarks, service marks, trade names, copyrights and logos herein does not imply an affiliation with, or endorsement of the information contained herein by, the owners of such trademarks, service marks, trade names, copyrights and logos. Non-GAAP Measures This presentation contains “non-GAAP financial measures,” which are adjusted financial measures that are not calculated and presented in accordance with generally accepted accounting principles in the United States, or “GAAP.” We present non-GAAP measures, such as Adjusted EBITDA, herein as supplemental measures of our financial and operating performance because our management believes that such information provides useful information to investors about our operating performance. Non-GAAP financial measures do not have any standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. For reconciliations of the non-GAAP financial measures used in this presentation to the most comparable GAAP measures, please see the Appendix to this presentation. Fusemachines Inc. - Investor Presentation 2
We Are Fusemachines We deliver Enterprise AI Transformation through industry- and problem-specific proprietary AI Solutions (Products and Services) , with a team of AI PhDs & Engineers trained in underserved communities. Fusemachines Inc. - Investor Presentation 3
Leadership Team Founder-led AI Experts & Educators Sameer Maskey, PhD Anish Joshi Parag Shrestha Rob Traghetto Founder & CEO, Head of Technology Head of South Asia Head of AI Solutions Chairman of the Board ● Born and raised in Kathmandu, Nepal● 10+ Years of experience leading AI ● 15+ years of IT experience & SaaS sales ● Serial entrepreneur – founded Rake Products & Solutions (acquired by Fusemachines in 2018) ● Obtained a full scholarship to study in ● Manages South Asia operations the US ● Fusemachines-trained AI engineer● 20+ years in software and product ● Focused on driving strategies & ● Holds a PhD in Computer Science (AI) engineering across Education, HR ● Leads teams of 100+ engineers across processes to drive organizational from Columbia University Tech, and Health Tech. multiple engagements growth. ● 15+ years of AI experience ● Developed and delivered AI solutions ● Leading engineering and innovation ● In Past, solved critical business ● Adjunct Assoc. Professor of AI at across diverse business verticals. strategy, talent acquisition, and challenges for clients like Coca-Cola, Columbia (12+ years) service delivery. Delta Airlines, FedEx, and General ● Previously AI Researcher at IBM Motors. ● Manages internal R&D Watson Center Rake Fusemachines Inc. - Investor Presentation 4
Fusemachines at a Glance Enterprise AI Solutions + growing AI Product Suite, for Attractive Economics AI-Driven transformation 54% Fusemachines’ mission: #DemocratizeAI Gross Margin (1) YTD (9/30/24) Global Scale Top-Tier AI Talent & Products >$230K ~400 Average LTM Revenue Employees 250+ 27% 20+ (2) per Q3 ‘ 24 client Mostly in underserved communities Engineers Female Languages Spoken NYC 5 AI Platform Headquarters Countries ~2 years Canada Nepal Average relationship length USA India (2) of Q3 ‘24 clients Dominican AI Studio AI Engines Squadery Fuse Classroom Republic (1) Unaudited Fusemachines figures as disclosed in 7 AI Patents Pending Form S-4 filed by CSLM Holdings, Inc. on 11/27/24. (2) Internal Company data. F Fusemac usemachines Inc hines Inc. - In . - Inv vest estor P or Pr resent esentation ation 5 5
Trusted By Clients Like Leading Fashion Global News & Leading Leading Technology Brand Media Company Consumer Corporation Insights Provider Fuse’s ability to deliver consistently outstanding solutions and strategic counsel is on par with their commitment to nurturing AI and tech talent through global education initiatives. Their unique role as experts and educators motivates us to continue finding ways to work together. - TIME Digital, former CTO & President Fusemachines Inc. - Investor Presentation 6
Market Opportunity & Our Positioning Fusemachines Inc. - Investor Presentation 7
Market Opportunity Massive Addressable Market Opportunity In Enterprise AI $2.5 T $14.5 B 44% 59% Only 10% % of companies who have of professionals are very Global Global Global purchased or plan to confident in their ability to Digital transformation (DX) Enterprise AI market Enterprise AI market purchase in-year at least one build good AI solutions spend, in 2024 size, in 2024 growth CAGR generative AI tool, among in-house 10-year forecast 2024-2034 survey respondents (Source: IDC - Worldwide Digital (Source: Precedence Research, Nov. (Source: Precedence Research, Nov. (Source: WRITER, April ‘23) (Source: WRITER, 2024) Transformation Spending Guide, ‘24) ‘24) May ‘24) Opportunity for Enterprise AI requires AI-First Approach to AI Talent Shortage more than just a Large Digital Transformation for Continues to be a Language Model Hurdle Future-Proofing Businesses Fusemachines Inc. - Investor Presentation 8
Limits of Existing Offerings Our Value Proposition AI Tools Limitations Fusemachines AI Tools are ● Not Industry-specific✓ Industry-specific ● Not Problem-specific✓ Problem-specific ● Limited customizations✓ Fully customizable (access to source code) - No access to source code for most Azure, AWS, GCP APIs Fusemachines AI Talent Bench AI Talent in Limited Supply ✓ AI Fellowship program educating AI Talent at scale in ● Tuning a system requires significant bench of talent underserved communities (Nepal, South Asia, LatAm) Data Access & Security Risks Secure Data Access ● Many tools require data access outside of enterprise ✓ Our AI Studio and AI Engines are deployed in the firewalls client’s company Cloud - behind corporate firewalls - Exposes valuable corporate data to unforeseen risks ▶ Reduced ROI for Enterprise AI initiatives ▶ Higher ROI for Enterprise AI initiatives Fusemachines Inc. - Investor Presentation 9 9
Our Go-To-Market Offerings Fusemachines Inc. - Investor Presentation 10
Fusemachines Approach AI Studio & AI Engines Proprietary AI platform & engines accelerate build and deployment of AI models AI-Driven ENTERPRISE AI Transformation TRANSFORMATIO N AI AI Solutions Education Unique Proprietary in-house platform & content for “Hubs” approach: upskilling AI Talent industry- and problem- from underserved specific AI Solutions communities, to drive transformation Fusemachines Inc. - Investor Presentation 11
AI Studio & AI Engines AI Studio & AI Engines Fusemachines AI Studio AI AI Solutions Education AI Studio One platform for all AI Engines ● Simplifies creation of industry-specific, tailored AI solutions ● Seamlessly integrates into clients’ processes, enhancing efficiency & facilitating AI transformation ● Flat-rate pricing for unlimited API’s makes running production AI systems more affordable ● Customize and deploy latest state of the art models faster Fusemachines Inc. - Investor Presentation 12
AI Studio & AI Engines AI Studio & AI Engines Fusemachines AI Engines: Driving Faster AI Development & Business Value AI AI Solutions Education AI Engines Xtract Fraud Detection AI Engine AI Engine TM AI Studio Industry-Specific & Problem-Specific Forecast AI Software Answer Gen (1) AI Engine ● Multiple AI Engines built on top of AI Studio ● Use case-, vertical- and domain-specific, to address unique challenges of the client & industry ● Leverage extensive IP (patented & unpatented) to drive increased efficiency and new revenue streams ● Enable scalability, reducing costs of customization and development for customers Fusemachines Inc. - Investor Presentation 13 (1) In development.
AI Studio & AI Engines AI Studio & AI Engines Current Proprietary AI Engines AI AI Solutions Education GenAI Engines Predictive AI Engines Answer Gen Xtract Fraud Detection Forecast AI Engines AI Engines AI Engines AI Engines Q&A system to generate Extracts information from answers from data Accelerate identification of Use historical and industry handwritten and pdf repositories with multiple emerging fraud patterns and data to improve forecasting documents data types investigate them with AI of demand and inventory - Forms, invoices, 10Ks, etc. - Word, Excel, Ppt, pdf In development Fusemachines Inc. - Investor Presentation 14
AI Studio & AI Engines “Hubs” Approach: Industry- and Problem-Specific AI Solutions AI Solutions AI AI Solutions Education Fuse Industry Hubs Fuse Technology Hubs Retail & Consumer Goods Machine Learning Data Engineering Healthcare Deep Learning Web Technologies Technology Natural Language DevOps Processing Banking & Insurance Computer Vision MLOps Media & Entertainment Fusemachines Inc. - Investor Presentation 15
AI Studio & AI Engines AI Education as a Proprietary Pipeline for Engineering Talent AI Education AI AI Solutions Education Fusemachines AI Fellowship Programs ● “Fuse Fellowships” offer professional AI education in communities underpenetrated by multinationals, free of charge Nepal - 600+ students enrolled to date (selected from thousands of applicants) Dominican Republic Bangladesh ● Empowering students with AI skill sets in high demand globally ● Reinforcing Fusemachines’ brand as ‘employer of choice’ for AI talent LATAM ● Providing proprietary pipeline of top AI talent for Fusemachines and its clients - 1/3+ of graduates hired by Fusemachines Fusemachines Inc. - Investor Presentation 16
Delivering Results - Growing With Our Clients Fusemachines Inc. - Investor Presentation 17
AI Studio & AI Engines ENTERPRISE AI TRANSFORMATION Customer Success Stories AI AI Solutions Education Supply Chain Optimization Product Similarity Engine Improved production and supply chain through Built AI system which assembled images and enhanced forecasting of shortages & stockouts text-based models, creating product matches for search recommendations - Global manufacturer of generic drugs - US publicly-traded E-commerce company Time Series Forecasting for Image Recognition Customer Lifetime Value Built an Image Recognition System to identify risk Forecasted revenue results outperforming all by visualizing ad details while searching, filtering other business analytics methods and labeling ads, to curb human trafficking - Leading global video games company - US-based non-profit intelligence organization Entity Extraction Explore more on: Developed a BERT model with higher F1 scores to extract desired data points https://fusemachines.com/success-stories/ - Leading crowdsourced commercial real estate data platform Fusemachines Inc. - Investor Presentation 18
Customer Satisfaction ➜ Retention & Relationship Growth Track record of retaining and growing client relationships Initial MRR Current MRR (Sept. 2024) Leading Fashion Brand Owner Global News & Media Company Leading Consumer Insights Provider $77K $50K $87K $80K $50K $100K $40K $80K $60K $30K $60K $40K $20K $20K $40K $19K $15K $20K $10K $20K $0K $0K $0K Initial MRR Current MRR Initial MRR Current MRR Initial MRR Current MRR Client since: Mar 2020 Client since: Aug 2020 Client since: June 2021 Fusemachines Inc. - Investor Presentation 19 2.5x 4.6x 5.1x
Financial Profile Fusemachines Inc. - Investor Presentation 20
Selected Financial Metrics Revenue Revenue Comments +8% y/y ($ in mil.) (1) Note +15% y/y (2) Note ● >$230k average LTM revenue per Client (9/30/2 (3) 4) Note (4) Note - +16% year-over-year (vs. LTM 9/30/23) ● ~2 years average client relationship of Q3 ‘24 clients ● Focus on landing & expanding larger Enterprise clients - 10 new Enterprise Client MSAs signed in 2024 ● Direct sales team + partnerships (3) Gross Margin Adj EBITDA ($ in mil.) (1) Audited figures. (2) Unaudited figures. Fusemachines Inc. - Investor Presentation 21 (3) Please see Appendix for reconciliation of Non-GAAP measures.
Pending Business Combination Transaction Transaction close anticipated Q1 2025 ● CSLM Acquisition Corp. - Blank Check Company; IPO on January 18, 2022 (Nasdaq: CSLMU (CSLM, CSLMW, CSLMR)) - Anticipate domestication in Delaware through merger with Fusemachines - Applied with NASDAQ for listing under FUSE, FUSEW upon closing ● Fusemachines Inc. - Anticipated to be first company with origins in Nepal listed on NASDAQ Q1 Q2 2024 Q3 2024 Q4 2024 Q1 2025 2024 ➔ 8/27/24 Merger ➔ 1/22/24 merger ➔ Anticipate CSLM ➔ 11/27/24 CSLM Holdings, agreement amended agreement signed shareholder vote Inc. filed amended among CSLM Form S-4 ➔ Anticipate transaction Acquisition Corp. and closing ➔ Anticipate proxy Fusemachines Inc. statement / prospectus mailed to CSLM shareholders Fusemachines Inc. - Investor Presentation 22
Conclusion Fusemachines Inc. - Investor Presentation 23
Investment Highlights ● Pure-play Enterprise AI solutions provider - Proprietary products (studio & engines) + AI talent pipeline for bespoke solutions ● Massive market opportunity for Enterprise AI, experiencing dynamic growth (1) - +44% market CAGR projected 2024-2034 ● Proven business model, validated by blue-chip clients ● Differentiated market approach: Industry- and Problem-specific solutioning - Competition more focused on horizontal solutions - less tailored to clients’ specific needs ● Fusemachines AI Fellowships - proprietary pipeline of AI talent - AI Fellowships offered in underserved communities ● Founder-led experts and educators, bringing world-class domain experience ● Pending merger with CSLM provides path to accelerated growth - Capital, public currency, elevated business profile (1) Source: Precedence Research, Nov. ‘24. Fusemachines Inc. - Investor Presentation 24
Appendix Fusemachines Inc. - Investor Presentation 25
Non-GAAP Reconciliations: Adjusted EBITDA Nine Months Ended September 30, Full Year Ended December 31, (In thousands) 2024 2023 (In thousands) 2023 2022 Net loss $(12,126) $(4,780) Net loss $(6,762) $(751) Interest expense 161 272 Interest expense 451 158 Provision for tax 72 2 Provision for tax 11 23 Depreciation and amortization 126 75 Depreciation and amortization 108 71 EBITDA $(11,767) $(4,431) EBITDA $(6,192) $(499) Stock-based compensation 1,171 1,982 Stock-based compensation 2,154 – (1) Fair value adjustments 4,337 347 (1) Fair value adjustments 611 94 Extinguishment of payable 70 – Extinguishment of debt 143 – Extinguishment of debt 549 143 (2) (2) Aborted IPO costs 306 – Aborted IPO costs – 49 Adjusted EBITDA $ (2,978) $(405) Adjusted EBITDA $ (5,640) $(1,910) (1) Represents change in fair value of convertible notes and warrant liability. (2) Represents professional service fees related to the proposed SPAC transaction in 2023. Fusemachines Inc. - Investor Presentation 26
Mission Democratize AI Make personalized AI education possible to talented students from underserved communities Enable AI-powered transformation for enterprises with AI Studio, AI engines and a global pool of talent
