Company

Fundamental

AI company building Shortcut, an Excel agent that writes and executes code using a novel method called Cogen to automate spreadsheet workflows

Enterprise SoftwareAIData & Analytics

People

Jeremy FraenkelfounderNico Christiefounder

Funding History

Jun 11, 2026

Fundamental raised $275M from investors including Oak, Valor, Battery Ventures, Salesforce, and angels including Aravind Srinivas (Perplexity) and Assaf Rappaport (Wiz). The company builds a foundation model for tabular/structured data.

275M

Investors

Battery VenturesSalesforce

News

Interviews (3)

Fundamental raises $275M for a foundation model for tabular data and is using the World Cup to benchmark it against sports books
11 Jun 2026
Shortcut launches as an AI Excel agent that beats Goldman and McKinsey first-year analysts 89% of the time
28 Jul 2025
Fundamental's Shortcut builds AI Excel agent using 'Cogen' method — outperforms Microsoft Copilot
3 Jul 2025