Fundamental, a San Francisco, CA-based AI company building foundation models purpose-built for enterprise data, has emerged from stealth with $255 million in funding.
Investors
The round includes a $30 million Seed round and a $225 million Series A, led by Oak HC/FT, with participation from Valor Equity Partners, Battery Ventures, Salesforce Ventures, and Hetz Ventures. Notable angel investors include Aravind Srinivas (Co-Founder & CEO, Perplexity), Assaf Rappaport (Co-Founder & CEO, Wiz), Henrique Dubugras (Co-Founder, Brex), and Olivier Pomel (Co-Founder & CEO, Datadog).
Oak HC/FT is a venture and growth equity firm specializing in investments in fintech and healthcare. Using partnership as a foundation, the firm guides companies and founders at every stage, from seed to growth, to create businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in over 100 portfolio companies and manages more than $7 billion in assets under management. The firm is headquartered in Stamford, CT, with an office in San Francisco, CA.
Fundamental Use of Funds
The company will use the new capital to scale compute infrastructure, expand enterprise deployments, and grow its research, engineering, and go-to-market teams.
About Fundamental
Led by CEO Jeremy Fraenkel, Fundamental is an AI company building Large Tabular Models (LTMs) purpose-built to unlock predictive intelligence from enterprise data. Created by DeepMind alumni, the company’s flagship model, NEXUS, is designed to understand complex, non-linear relationships in massive tabular datasets that underpin critical business decisions. Founded in October 2024, Fundamental turns raw enterprise tables into predictive intelligence for use cases such as demand forecasting, price prediction, financial fraud detection, and customer churn.
Funding Details
Company: Fundamental Technologies Inc.
Raised: $255.0M
Round: Seed and Series A
Funding Date: January 2025
Lead Investor: Oak HC/FT
Additional Investors: Valor Equity Partners, Battery Ventures, Salesforce Ventures, Hetz Ventures, Aravind Srinivas, Assaf Rappaport, Henrique Dubugras, Olivier Pomel
Company Website: https://fundamental.tech/
Software Category: Enterprise AI / Predictive Analytics / Foundation Models
Source: https://www.businesswire.com/news/home/20260205966141/en/