Fundamental
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Founders
About
Fundamental is a U.S.-based AI company with R&D operations in Israel, founded in October 2024 by former DeepMind researchers Jeremy Fraenkel and Gabriel Suissa 12. The company builds Large Tabular Models (LTMs) — AI models designed for enterprise tabular data to drive predictions, as opposed to large language models 1. Its flagship product NEXUS helps enterprises predict outcomes in areas like price optimization, fraud detection, and healthcare 2. The company emerged from stealth as a $1.2B unicorn in February 2026 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| ~2025 | Seed | $30M | — | — 1 |
| Feb 2026 | Series A | $225M | Oak HC/FT | Valor Equity Partners, Battery Ventures, Salesforce Ventures, Hetz Ventures 1 |
Total raised: $255M. Valued at $1.2B (some sources report $1.4B) as of February 2026 12. Notable angel investors include Aravind Srinivas (Perplexity CEO), Assaf Rappaport (Wiz CEO), Henrique Dubugras (Brex co-founder), and Olivier Pomel (Datadog CEO) 1.
What Investors Say
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What Founders Say
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Sources
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BusinessWire, “Fundamental Announces $255M in Funding and Publicly Launches its Most Powerful Large Tabular Model (LTM),” February 5, 2026, accessed March 2026. https://www.businesswire.com/news/home/20260205966141/en/Fundamental-Announces-$255M-in-Funding-and-Publicly-Launches-its-Most-Powerful-Large-Tabular-Model-LTM↩↩↩↩↩↩
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Calcalist Tech, “Fundamental exits stealth as $1.2 billion unicorn, armed with $255 million for tabular AI,” February 2026, accessed March 2026. https://www.calcalistech.com/ctechnews/article/hktlfm7vbx↩↩↩↩