Fractal Announces Us$ 360 Million Investment From Tpg
01/05/22, 4:30 AM
Money raised
$360 million
TPG, a leading global alternative asset firm, and Fractal (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced that they have signed a definitive investment agreement. TPG is investing US$ 360 million in Fractal through TPG Capital Asia, the firm's Asia-focused private equity platform, in a transaction that includes a combination of primary investment and secondary share purchase from Funds advised by Apax, who will remain a major shareholder following the transaction. The transaction is expected to close by the first quarter of 2022. Additional terms were not disclosed.
Company Info
Additional Info
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's products include Qure.ai to assist radiologists in making better diagnostic decisions, Crux Intelligence to assist CEOs and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, Eugenie.ai to find anomalies in high-velocity data, Samya.ai to drive next-generation Enterprise Revenue Growth Management, Senseforth.ai to automate customer interactions at scale to grow top-line and bottom-line and
Analytics Vidhya is the largest Analytics and Data Science community offering industry-focused training programs.
Fractal has more than 3500 employees across 16 global locations, including the United States, UK, Ukraine, India, Singapore, and Australia. Fractal has consistently been rated as India's best companies to work for, by The Great Place to Work® Institute, featured as a leader in Customer Analytics Service Providers WaveTM 2021, Computer Vision Consultancies WaveTM 2020 & Specialized Insights Service Providers WaveTM 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 QuadrantTM for data & analytics by Gartner. For more information, visit fractal.ai