Fundamental, an AI company that has built its most powerful Large Tabular Model (“LTM”) to drive predictions from enterprise data, announced it is emerging from stealth with $255M in funding. 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, Salesforce Ventures, and Hetz Ventures.
Notable angel investors include Perplexity co-founder and CEO Aravind Srinivas, co-founder and CEO of Wiz Assaf Rappaport, Brex co-founder Henrique Dubugras, and Datadog co-founder and CEO Olivier Pomel. The new capital will be used to scale compute, expand enterprise deployments, and rapidly grow the team across research, engineering, and go-to-market.
“We’ve built a generalised foundation model specifically to leverage the world’s most valuable data: the billions of tables that underpin predictions in every enterprise, across every vertical,” said Fundamental CEO & co-founder Jeremy Fraenkel. “NEXUS is the OS for business decisions.”
Fundamental has also entered into a strategic partnership with Amazon Web Services (AWS) to accelerate enterprise adoption of its model to AWS customers. Starting today, AWS customers can buy and deploy NEXUS in their AWS environment in the same way they buy compute or storage on their AWS dashboard – all backed by AWS’s secure, reliable, and scalable infrastructure. In parallel, Fundamental has secured seven-figure contracts with Fortune 100 enterprises that are applying this model to predictive use cases including demand forecasting, price prediction, and customer churn.
“Fundamental’s structured data prediction model builds on AWS’s advanced AI offerings, helping enterprise customers fill a crucial gap in comprehensive tabular data analysis at scale,” said Dave Brown, VP of Compute, Platforms & ML Services at AWS. “By partnering with Fundamental, we are making it seamless for customers to transform tabular data – the backbone of enterprise decision-making – into a powerful predictive asset. This collaboration exemplifies our commitment to bringing transformative AI solutions to market with the enterprise-grade security and scalability our customers demand.”
Fundamental’s public launch, and the release of its Large Tabular Model NEXUS, introduces a new category of enterprise AI designed to transform structured business data into predictive intelligence at scale.
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