Global AI Leader Fractal Becomes Unicorn with US$ 360 Million Investment from TPG
Fractal, a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced a huge US$ 360 million (~ INR 2700 crores) investment from TPG, a leading global alternative asset firm. The transaction is expected to close by the first quarter of 2022.
What should you know about Fractal?
Founded in 2000, Fractal is one of the most prominent players in the Artificial Intelligence space.
Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500® companies. Fractal has more than 3,500 employees across 16 global locations, including the United States, UK, Ukraine, India, Singapore, and Australia.
Fractal has consistently been rated among India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in Customer Analytics Service Providers Wave™ 2021, Computer Vision Consultancies Wave™ 2020 & Specialized Insights Service Providers Wave™ 2020 by Forrester Research, a leader in Analytics & AI Services Specialists Peak Matrix 2021 by Everest Group and recognized as an “Honorable Vendor” in 2021 Magic Quadrant™ for data & analytics by Gartner.
What are some key Fractal Offerings?
Fractal’s portfolio includes:
- Qure.ai to assist radiologists in making better diagnostic decisions
- Analytics Vidhya – the largest Analytics and Data Science community offering industry-focused training programs
- Crux Intelligence to assist CEOs and senior executives make better tactical and strategic decisions
- Theremin.ai to help firms improve investment decisions
- Eugenie.ai to help in finding anomalies in high-velocity data
- Samya.ai to fuel the next-generation enterprise revenue growth management, and
- Senseforth.ai to assist automate customer interactions at scale to grow top-line and bottom-line
A Few Thoughts from Fractal’s Leadership
Srikanth Velamakanni, Co-founder & Group CEO, Fractal:
“We continue to see great momentum in how clients are leveraging AI to accelerate digital transformation. Fractal is building a great workplace and an innovative culture that’s driving significant client outcomes through our ‘user focused, decision-backwards’ approach to solving problems.
TPG’s capabilities across all our markets and their proven success in building and supporting top AI providers is the perfect complement to the partnership we’ve enjoyed with Apax, whose insight and expertise have been instrumental in accelerating our growth.”
Analytics Vidhya conduced an extensive interview with Srikanth that you can read about here.
Pranay Agrawal, Co-founder & CEO, Fractal:
“The demand for AI is surging across the enterprise. Our AI solutions and products, along with our globally recognized team of experts, empower these organizations to realize and maximize their full potential.
Apax has been a great partner to us as we have worked to grow our business, providing valuable insights from their tech experience, operational leadership, and access to their unique network. As we continue to build upon this foundation, the investment from TPG will accelerate our ability to scale and meet this rising demand globally.”
Disclaimer: Fractal is a strategic investor in Analytics Vidhya.