F
Fundamental
Core neolabLarge Tabular Model (NEXUS) for predictions on enterprise structured data
Raised, confirmed$255M2 confirmed rounds
Valuation, confirmed$1.4B5 Feb 2026 post-money
Valuation, reported—no open report
Founded2024San Francisco, CA, US
Key facts
| Field | Value | Source · checked |
|---|---|---|
| Classification | Core neolabResearch lab building a Large Tabular Model for enterprise data, founded by DeepMind alumni; $255M raised including a $225M Series A (Feb 2026). | |
| Founded | Oct 2024 | press.aboutamazon.com Founded in October 2024, the company raised a $30M Seed roundchecked 9 Nov 2026 |
| Headquarters | San Francisco, CA, USDateline of the company press release; Calcalist also reports a Tel Aviv R&D presence. | press.aboutamazon.comchecked 9 Nov 2026 |
| Founders | Jeremy Fraenkel, Gabriel Suissa | |
| Website | fundamental.tech | fundamental.tech Built by Fundamental, a frontier AI research lab, NEXUS is the Large Tabular Model reimagining enterprise decision-makingchecked 9 Nov 2026 |
| Careers | fundamental.tech | fundamental.techchecked 10 Nov 2026 |
| Profiles and work | X @LTMpredictLinkedInYouTubeResearch | How links are checkedchecked 10 Nov 2026 |
Funding rounds
Fundamental has raised $255M in rounds confirmed by the company, a regulator or two independent outlets. Sources disagree on at least one confirmed round, so the total may count some money twice; see the note on that round. Status rules: methodology.
| Date | Round | Amount | Valuation | Investors | Status | Source · checked |
|---|---|---|---|---|---|---|
| 5 Feb 2026 | Seed | $30M | — | not disclosed | Confirmed | Fundamental press release (US Press Center) Founded in October 2024, the company raised a $30M Seed round and a $225M Series A round led by Oak HC/FT, with participation from top tier venture capital firms including Valor Equity Partners, Battery Ventures, Sale…checked 9 Nov 2026 |
| 5 Feb 2026 | Series A | $225M | $1.4B post-money | Lead: Oak HC/FT; Valor Equity Partners, Battery Ventures, Salesforce Ventures, Hetz Ventures, Aravind Srinivas, Assaf Rappaport, Henrique Dubugras, Olivier Pomel | Confirmedsources conflict | Fundamental press release (US Press Center) Founded in October 2024, the company raised a $30M Seed round and a $225M Series A round led by Oak HC/FT, with participation from top tier venture capital firms including Valor Equity Partners, Battery Ventures, Sale…+3 more sourceschecked 9 Nov 2026 |
Notes on these rounds
- 5 Feb 2026 Seed: Disclosed together with the Series A; the seed closing date and investors are not stated.
- 5 Feb 2026 Series A: The company release gives a $30M seed plus a $225M Series A ($255M total) and no valuation; valuation figures come from media.
People
| Name | Role | Before | Now | Source · checked |
|---|---|---|---|---|
| Jeremy FraenkelXLinkedIn | Co-founder & CEO | — | Current | |
| Gabriel SuissaXLinkedIn | Co-founder | — | Current |
Professional facts from public sources only. How people records are handled.
What it has shipped
| Name | Kind | Date | Open weights | Source · checked |
|---|---|---|---|---|
| NEXUS | model | 5 Feb 2026 | No | techcrunch.com Called a large tabular model (LTM) rather than a large language model (LLM), Fundamental’s Nexuschecked 9 Nov 2026 |
Latest posts on X
The most recent posts from @LTMpredict, the X account of Fundamental, quoted as posted. Replies and reposts are left out. How posts are selected.
Faster power restoration starts before the storm hits. Better predictions are changing how utilities prepare for the worst, and showing what the right information is worth when it matters most.
View the post on X · With video
Large tabular models are opening up a new frontier in AI research. For PhD students choosing where to focus, the opportunity to help shape an emerging field is hard to ignore.
View the post on X · With video
In Formula 1, every gram matters. But what if you could remove a physical sensor without losing the signal it provides? We put that question to the test 🧵
View the post on X · With 1 image
checked 10 Nov 2026
Commonly cited, checked
Figures and statements about Fundamental that circulate in lists and summaries, and what the sources support.
| Claim | Finding | Source |
|---|---|---|
| About $1.2B at launch | TechCrunch reports $1.4B post-money; Calcalist reported $1.2B at launch and $1.45B in a later article. The company release states no valuation. | techcrunch.com The company is emerging from stealth with $255 million in funding at a $1.4 billion post-money valuation. |
Work at Fundamental, or see something wrong? Update this profile with a public source. How corrections work.