Large Tabular Models: Fundamental raises $255M to build models for enterprises

3 months ago

Fundamental AI lab emerged from stealth with a new foundation model called Nexus.
Nexus is designed to handle structured data, unlike traditional LLMs which work with unstructured data.
The company raised $255 million in funding at a $1.2 billion valuation.
Investors include Oak HC/FT, Valor Equity Partners, Battery Ventures, and Salesforce Ventures.
Nexus is a deterministic large tabular model (LTM) that doesn’t rely on transformer architecture.
It can analyze extremely large datasets, such as spreadsheets with billions of rows.
Fundamental has secured high-profile contracts, including seven-figure deals with Fortune 100 clients.
A strategic partnership with AWS allows users to deploy Nexus directly from existing instances.

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