MUFG Innovation Partners Co., Ltd. (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has recently invested in Fundamental Technologies, Inc. (Fundamental) through the MUFG Innovation Partners No. 3 Investment Partnership.
Corporate Profile
Name | Fundamental Technologies, Inc. |
Date of Establishment | 2024 |
Headquarters | Delaware, USA |
CEO & Co Founder | Jeremy Fraenkel |
Fundamental is an enterprise AI company building Large Tabular Models (LTMs) designed to reason over massive, structured datasets that are difficult for traditional LLMs and legacy machine learning to process. The company’s flagship model, NEXUS, executes scalable deterministic predictions on tabular data that businesses have to help with forecasting, risk analysis, and optimization.
“Trillions of dollars of value remain locked in the huge, structured datasets that every enterprise is sitting on,” said Jeremy Fraenkel, CEO of Fundamental. Their technology serves as foundational infrastructure that supports sophisticated and critical decision-making in data-intensive industries, including financial services, and is already being adopted by major enterprises.
For the MUFG Group and its corporate clients, which handle vast volumes of complex structured data, we believe that leveraging Fundamental’s predictive AI technology holds significant potential to transform the future of finance and business. Through the technological capabilities of Fundamental’s LTMs, MUIP will support the delivery of new value to MUFG and its corporate clients.
About MUIP
MUIP was established in January 2019 as the corporate venture capital arm of Japan’s leading financial group, MUFG, to promote its open innovation strategy. MUIP currently runs 5 funds (about USD 650 million in total), making strategic investments in startups globally and driving business collaboration between the startups and MUFG group companies.
For more information, visit MUFG Innovation Partners.
About Fundamental
Fundamental is pioneering the future of enterprise decision-making. Co-founded by DeepMind alumni, Fundamental has developed NEXUS - its most powerful Large Tabular Model (LTM) - purpose-built for the structured records that contain trillions of dollars in business value. While other AI companies focus on text and images, Fundamental addresses the tabular data that actually drives enterprise decisions. Backed by world class investors and trusted by Fortune 500 companies, Fundamental unlocks trillions of dollars of value by giving businesses the Power to Predict™.
Learn more at Fundamental Technologies
