# Fundamental

> Foundation-model startup creating NEXUS, a deterministic large tabular model for enterprise structured data.

## Why it is interesting

A commercial non-LLM architecture bet: $30M seed plus $225M Series A, with reported enterprise demand. NEXUS is built for tabular prediction rather than parallel text generation.

## Profile

- **Latest funding:** Series A — $225M (February 5, 2026)
- **Latest known valuation:** Reported ~ $1.4B post-money (TechCrunch); other valuations differ (February 5, 2026)
- **Total disclosed equity funding:** $255M
- **Stage:** series-a
- **Status:** private
- **Industries:** N/A
- **Coverage:** full
- **Last updated:** 2026-11-13
- **Latest funding investors:** Oak HC/FT, Valor Equity Partners, Battery Ventures, Salesforce Ventures, Hetz Ventures

## Key facts

- $255M total funding disclosed Feb 5, 2026: $30M seed plus $225M Series A
- Oak HC/FT led Series A; AWS distribution partnership
- NEXUS is a tabular foundation model, not a text generation replacement

## Funding history

- Series A · $225M · February 5, 2026
  Source: https://press.aboutamazon.com/aws/2026/2/fundamental-announces-255m-in-funding-and-publicly-launches-its-most-powerful-large-tabular-model-ltm
- Seed · $30M (announced retrospectively Feb 5, 2026) · January 2024
  Source: https://press.aboutamazon.com/aws/2026/2/fundamental-announces-255m-in-funding-and-publicly-launches-its-most-powerful-large-tabular-model-ltm

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 13, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/fundamental-tech