# Jeremy Fraenkel

> Jeremy Fraenkel is the CEO and co-founder of Fundamental, the AI lab that emerged from stealth in February 2026 as a $1.4 billion unicorn with $255 million in funding. A DeepMind alumnus with a graduate degree in Machine Learning from UC Berkeley, Fraenkel previously cut his teeth at JPMorgan and Bridgewater Associates before founding and exiting two startups. At Fundamental, he and co-founders Marta Garnelo (Chief Science Officer, ex-DeepMind/Isomorphic Labs) and Gabriel Suissa are building NEXUS, a Large Tabular Model that does for structured enterprise data what LLMs did for language - delivering accurate predictions from raw tables with a single line of code, no preprocessing required.

- **Role:** CEO & Co-Founder at Fundamental
- **Organizations:** Fundamental, DeepMind (alumni), JPMorgan, Bridgewater Associates
- **Nationality:** American
- **Education:** Graduate Degree, Machine Learning, UC Berkeley
- **Known for:** Built Fundamental to a $1.4 billion unicorn valuation at Series A - a rare milestone in enterprise AI, Raised $255 million in total funding ($30M seed + $225M Series A) led by Oak HC/FT, Secured multiple seven-figure contracts with Fortune 100 enterprises before public launch

## Career timeline

- **early career** — Started career at JPMorgan, gaining deep exposure to mission-critical enterprise data and financial systems
- **mid-career** — Joined Bridgewater Associates, developing fluency in quantitative finance and data-driven decision-making
- **mid-career** — Co-founded first startup (exited successfully)
- **mid-career** — Co-founded second startup (exited successfully)
- **pre-2024** — Worked at DeepMind, connecting with AI researchers including Marta Garnelo
- **2024** — Co-founded Fundamental with Marta Garnelo (Chief Science Officer) and Gabriel Suissa; began 18 months of stealth R&D
- **2026-02** — Fundamental emerged from stealth with $255M in funding ($30M seed + $225M Series A), NEXUS launch, and $1.4B valuation
- **2026-04** — Spoke at HumanX conference in San Francisco
- **2026-05** — Appeared on This Week in AI with Jason Calacanis to discuss tabular foundation models

## Achievements

- Built Fundamental to a $1.4 billion unicorn valuation at Series A - a rare milestone in enterprise AI
- Raised $255 million in total funding ($30M seed + $225M Series A) led by Oak HC/FT
- Secured multiple seven-figure contracts with Fortune 100 enterprises before public launch
- Brokered a strategic AWS partnership making NEXUS available as a first-party seller on AWS Marketplace
- Led development of NEXUS, the first major Large Tabular Model (LTM) foundation model
- Assembled a founding team from DeepMind, Isomorphic Labs, and top financial institutions
- Attracted investment from startup luminaries including Aravind Srinivas (Perplexity), Assaf Rappaport (Wiz), Henrique Dubugras (Brex), and Olivier Pomel (Datadog)
- Successfully exited two prior startups before founding Fundamental
- Developed the first foundation model that handles structured tabular data without preprocessing or feature engineering

## Latest updates

- **2026-05** — Appeared on This Week in AI with Jason Calacanis discussing tabular foundation models and enterprise AI economics
- **2026-04** — Spoke at HumanX conference in San Francisco (April 6-9) on behavioral data in enterprise AI
- **2026-02** — Fundamental emerged from stealth with $255M in funding, launched NEXUS Large Tabular Model, announced AWS partnership, and achieved $1.4B post-money valuation

## Links

- Website: https://fundamental.tech
- LinkedIn: https://www.linkedin.com/in/jeremy-fraenkel/
- Twitter/X: https://x.com/fraenkelj

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Profile page: https://yespress.io/jeremy-fraenkel
Published by YesPress — https://yespress.io
Last updated: 2026-05-14