Fundamental

Private

San Francisco, CaliforniaAI, Data & Cloud Infrastructurehttps://fundamental.tech/

Last Round

Seed

Feb 5, 2026

Est. Valuation

$1.2B

Total Funding Raised

$285M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Fundamental is an artificial intelligence company that has developed a Large Tabular Model (LTM) called NEXUS to drive predictions and forecasting from structured enterprise data.

Sector

AI, Data & Cloud Infrastructure

Verticals

ML Platforms, Business Intelligence, Supply Chain, Compliance & Risk

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting

AI Layer

Foundation

Keywords

large tabular modelLTMfoundation modeltabular data AIfrontier AI labstructured data AIenterprise AIpredictive analyticspredictive AIdemand forecastingcustomer churn predictionfinancial fraud detectionautomated feature engineeringprice predictionAWS marketplace

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Fundamental Comps

Public and private peers based on sector, stage, and business model.

Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Fundamental Funding Rounds

Historical fundraising activity

Round	Date	Amount Raised	Valuation	Investors	Sources
Seed	Feb 5, 2026
Series A	Feb 5, 2026

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Key People

Founding team and executive leadership

Jeremy Fraenkel

CEO & Co-Founder

Founding Team

Fundamental Investors

Notable investors and investment history

Investor	Rounds
Oak HC/FT	Seed, Series A
Hetz Ventures	Series A, Seed
Salesforce Ventures	Seed, Series A
Battery Ventures	Seed, Series A
Valor Equity Partners	Seed, Series A

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Market signals

Structured signals derived from secondary market and firmographic data.

Feb 19, 2026
Added Ketch Kloud, Inc. from the Technology/Data Privacy sector.
Feb 5, 2026
$255M round with a $1.2B post-money valuation.

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Fundamental Filings

SEC and related filings with document metadata.

Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Fundamental Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Fundamental's valuation, stock price, and market status.

Firmographic Details

HeadquartersSan Francisco, California

Year Founded2024

Last FundingFeb 5, 2026

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