Fundamental

Database Software · San Francisco, CA · Founded 2024 · Privately Held (backing)

Operator of an artificial intelligence platform intended to improve enterprise decision-making using structured data. Fundamental is based in San Francisco, CA and was founded in 2024. It was valued at $1.5 billion at its early-stage round in Feb 2026, the last priced event on record. It has raised $255 million across 1 recorded round; the latest was a $255 million Series A in Feb 2026.

PMV mark · valuation
$1.5B
Oct 2026
Priced at
its early-stage round
Feb 2026
Total raised
$255.0M
Last round
Early Stage VC (Series A)
Feb 2026
What is Fundamental worth?
$1.5BPrivateMarketView mark · Oct 2026

Valued at $1.5B at its early-stage round, Feb 2026. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Fundamental funding history

1 rounds
DateRoundRaisedPost-money
Feb 2026Early Stage VC (Series A)$255.0M▮
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Fundamental valuation

Fundamental was valued at $1.5 billion at its early-stage round in Feb 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Fundamental raised?

Fundamental has raised $255 million across 1 recorded round since 2026. The largest was a $255 million Series A in Feb 2026.

Comparable companies

Comparable database software names by valuation on PrivateMarketView: Redis ($2 billion), 9fin ($1.3 billion) and Astronomer ($775 million).

How Fundamental's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Fundamental, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Fundamental

What is Fundamental worth?
Fundamental is valued at $1.5B as of Oct 2026. Valued at $1.5B at its early-stage round, Feb 2026. Nothing has traded since.
How much has Fundamental raised?
Fundamental has raised $255.0M in total funding across 1 recorded rounds.
When did Fundamental last raise?
Fundamental last raised in Feb 2026 (Early Stage VC (Series A)), raising $255.0M.