Fundamental, an AI laboratory, raises $255 million in financing: The company emerges from stealth and redefines large model analysis capabilities with the Nexus model
AI startup Fundamental ends its stealth mode and announces a $255 million Series A funding round, with a post-money valuation of $1.2 billion. The round was led by multiple institutions including Oak HC/FT, with the CEOs of Perplexity and Datadog also participating individually. Its core product is the base model Nexus, aimed at competing with mainstream large language models such as ChatGPT.
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