Fundamental builds NEXUS, a Large Tabular Model designed to analyze structured data from spreadsheets, databases, and CRM systems. It ingests raw tabular data and automatically learns patterns, enabling forecasting, classification, anomaly detection, and scenario simulation in one foundation model. The product is deployed through the AWS dashboard via a strategic partnership and trained on Amazon SageMaker HyperPod to handle datasets with billions of rows, with customers including Fortune 100 firms across financial services, healthcare, retail, and energy. The goal is to help enterprises turn raw data into actionable insights to improve forecasting accuracy, reduce risk, and optimize business outcomes, by focusing on structured data rather than unstructured text or images.
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Company Size
51-200
Company Stage
Series A
Total Funding
$255M
Headquarters
San Francisco, California
Founded
2024
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AEG & Fundamental Partner to bring NEXUS to socal venues. 9th October 2026 Fundamental, an AI company whose Large Tabular Model ("LTM"), NEXUS is reimagining enterprise decision-making, and AEG, the world's leading sports and live entertainment company, have announced a new partnership spanning two of AEG's signature Southern California properties. The agreement names Fundamental an Official Partner of the six-time MLS Cup Champion LA Galaxy and L.A. LIVE, AEG's 4-million-square-foot sports and entertainment district in the heart of downtown Los Angeles. Brokered by AEG Global Partnerships, the partnership will bring NEXUS, Fundamental's Large Tabular Model (LTM), to key areas of each property's commercial business to help generate predictive insights and inform smarter decision-making. Unlike Large Language Models (LLMs), which are built to understand and generate text, NEXUS is purpose-built for tabular data: the rows and columns of structured business records that sit behind ticketing, marketing, and partnership decisions at every major sports and entertainment brand. Where most organizations look at that data to explain what already happened, NEXUS is built to help anticipate what may be coming next, identifying patterns that can inform areas such as fan engagement, marketing, and partnership strategy. Both the LA Galaxy and L.A. LIVE will put NEXUS to work across ticketing, marketing, and partnership strategy, giving each organization a live, forward-looking view of the patterns already sitting in their own data. NEXUS will also be the presenting sponsor of the Coachella Valley Invitational, the largest pre-season professional soccer tournament in the United States, featuring 20 teams from across Major League Soccer (MLS) and National Women's Soccer League (NWSL). "Sports and live entertainment businesses move fast, and the organizations that win are the ones that see what's coming before it happens," said Fundamental CEO Jeremy Fraenkel. "NEXUS was built to find the value hiding inside structured data that previously looked unpredictable. Through this partnership, we have an opportunity to work alongside the LA Galaxy and L.A. LIVE to show what a foundation model built for tabular data, not text, can do for an industry built on split-second decisions." "We're constantly looking for new ways to deepen our understanding of our fans and set the Galaxy up for long-term growth," said Tom Braun, President and Chief Operating Officer, LA Galaxy. " We look forward to putting NEXUS to work, and we see real potential for it to inform how we engage fans, build partnerships, and grow the club." "This partnership is built to deliver real value on both sides while introducing Fundamental's technology to the global sports and entertainment industry, and it opens the door to joint thought leadership on where AI and prediction are taking this business next," said Nick Baker, President and COO of AEG Global Partnerships. "It's a partnership that came together through the collaboration and vision of teams on both sides, including Rashid Dadashi, vice president of AEG Global Partnerships, and Richard McBeath, head of marketing at Fundamental, and we are all incredibly excited about the impact we can create together." The partnership marks Fundamental's entry into professional sports and live entertainment, extending NEXUS's reach beyond the energy, shipping, and manufacturing sectors where it already runs in production today. Founded in 2024 by alumni of JPMorgan, Bridgewater, and DeepMind, Fundamental has built a growing base of enterprise contracts for NEXUS spanning demand forecasting, price prediction, and customer churn.
Fundamental Technologies, a US AI startup specialising in structured data analysis, has secured strategic investment from MUFG Innovation Partners, the venture arm of Mitsubishi UFJ Financial Group. The company develops Large Tabular Models designed to process corporate datasets like sales figures and transaction histories, rather than treating tables as text. Fundamental's flagship system, NEXUS, generates forecasts for demand planning and risk analysis. The startup raised $225 million in a Series A round in February, reaching unicorn status with backing from Battery Ventures and Salesforce Ventures. MUFG's investment aligns with the bank's broader AI strategy, including collaborations with OpenAI and Sakana AI. Fundamental has designated Japan a priority market and is hiring locally to target manufacturing, retail, and telecommunications sectors.
Fundamental's NEXUS Large Tabular Model now available on Amazon SageMaker jumpstart. Wednesday, Jun 3, 2026 1:56 pm ET 1min read Fundamental's NEXUS model, a Large Tabular Model, is now available on Amazon SageMaker AI. NEXUS is pre-trained on billions of real-world prediction tasks across structured datasets and offers deterministic architecture, native tabular understanding, and non-sequential reasoning. It provides advantages over traditional ML and LLMs, such as permutation invariance, billion-row capability, cross-schema reasoning, and autonomous data cleaning. With NEXUS on SageMaker AI, enterprises can generate accurate and reproducible predictions from structured data in days, not months. Fundamental, a San Francisco-based AI company, has launched its Large Tabular Model (LTM), NEXUS, on Amazon SageMaker AI, marking a significant advancement in enterprise predictive analytics. NEXUS is designed to analyze structured data, such as enterprise databases and spreadsheets, which are central to business decision-making. The model is pre-trained on billions of real-world prediction tasks, enabling it to deliver native tabular understanding, and non-sequential reasoning. Unlike traditional machine learning models or large language models (LLMs), NEXUS offers unique advantages, including permutation invariance and cross-schema reasoning, and autonomous data cleaning. These features allow enterprises to derive accurate and reproducible predictions from structured data significantly faster than with conventional methods. The model is particularly suited for use cases such as demand forecasting, price prediction, and customer churn analysis. Fundamental has raised $255 million in funding, including a $225 million Series A round led by Oak HC/FT, with participation from Valor Equity Partners, Battery Ventures, Salesforce Ventures, and Hetz Ventures. The company has also secured seven-figure contracts with Fortune 100 enterprises, demonstrating strong early adoption of its technology. Ask Aime: Are you ready to unlock the secrets of NEXUS, the pioneering Large Tabular Model? The partnership with AWS enables enterprises to deploy NEXUS directly within their AWS environments, leveraging secure and scalable infrastructure. This integration allows businesses to integrate NEXUS into their existing data stacks with minimal effort, often with a single line of code. Fundamental's CEO, Jeremy Fraenkel, emphasized that NEXUS is designed to replace legacy predictive analytics tools with a foundation model tailored for tabular data. The model is built by DeepMind alumni and trained on Amazon SageMaker HyperPod, enabling it to understand complex non-linear relationships in enterprise datasets. With the launch of NEXUS on SageMaker AI, Fundamental is addressing a critical gap in enterprise AI, where traditional models struggled to process structured data at scale. The company's approach leverages recent advances in deep learning to bring the benefits of the AI revolution to tabular datasets, which underpin most enterprise decisions. Aime insights. Which penny stocks are likely to generate short-term gains? Which stocks are commonly held by Cathie Wood and Pelosi? What's the current performance of key Chinese companies listed on US stock exchanges? Could you recommend defensive stocks that perform well in inflationary environments?
AI unicorn Fundamental expands Israel operations as it scales enterprise AI push. The startup is recruiting dozens of engineers in Tel Aviv to expand NEXUS platform. 12:18, 19.05.26 AI startup Fundamental, founded by Israeli entrepreneur Gabriel Suissa and his partner Jeremy Fraenkel, has announced the expansion of its operations in Israel with the launch of a development center in Tel Aviv and the recruitment of dozens of engineers. The company's investors include Wiz CEO Assaf Rappaport and Perplexity CEO Aravind Srinivas. In an exclusive interview with Calcalist, Suissa said: "Israel has some of the best engineers in the world. Its first three senior engineers are Israelis. There is world-class human capital here, so Calcalistech will invest heavily. My ambition is to employ dozens of people in its Israeli center by the end of the year. "At the moment, we have no need to acquire a company in Israel, but if a suitable opportunity arises, we will consider it." The company already employs about 10 people in Israel, and the Tel Aviv development center is expected to open roles in development and infrastructure. Fundamental has developed an artificial intelligence model called NEXUS, designed to analyze large volumes of structured enterprise data. The model, known as a Large Tabular Model (LTM), is trained on billions of tabular datasets and is capable of processing large databases while avoiding some of the inaccuracies typical of general-purpose AI systems. "Our model is fundamentally different from others because it is trained specifically on tabular data, and our goal is to apply it across a wide range of industries," Suissa said. Regarding the AI bubble, Suissa said: "I view it similarly to the internet revolution of the late 1990s. The internet itself was not a bubble, it completely changed the world. The current revolution is much bigger. In my opinion, Anthropic is the big winner of this era because it has managed to crack enterprise adoption. Our vision is to be exactly that in our field." In February, the company raised $275 million at a valuation of $1.45 billion, in a round combining a $30 million Seed and a $245 million Series A, led by Oak HC/FT, with participation from Valor Equity Partners, Battery Ventures, Salesforce Ventures, and Hetz Ventures. "When we started with a $70 million valuation, people thought it was too large. Within a year, our valuation increased twentyfold. We signed contracts with many companies and secured agreements with AWS and SAP, and that's what drove the valuation," Suissa said. "Every deal we sign is worth seven figures or more. We've worked with energy companies to predict resource usage and have saved them hundreds of millions of dollars." Fundamental has signed agreements with Fortune 100 companies, including a strategic partnership with AWS that allows customers to deploy NEXUS through its management interfaces, as well as a partnership with SAP to integrate NEXUS's forecasting capabilities into enterprise systems in areas such as finance, supply chain, and risk management.
Stealth AI startup lands massive funding for foundation model tackling big data
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Industries
Company Size
51-200
Company Stage
Series A
Total Funding
$255M
Headquarters
San Francisco, California
Founded
2024
Find jobs on Simplify and start your career today