Fractal Analytics raises 0 mn from Malaysia’s Khazanah

Malaysian sovereign wealth fund Khazanah Nasional Berhad will invest up to $100 million (Rs 667 crore) in Fractal Analytics, the India- and US-based data analytics provider said. “There is a revolution underway in advanced analytics, deep learning and visual storytelling. The investment from Khazanah will help us invest further in our AI (artificial intelligence) and deep learning-based software stack,” Srikanth Velamakanni, co-founder and CEO of Fractal Analytics, said in a statement. Chinta Bhagat, executive director at Khazanah, said the funds will help Fractal “dramatically accelerate” its programmatic investments and acquisitions. The big funding round comes three years after the company raised $25 million from private equity investor TA Associates. Canadian firm Aimia Inc., which provides loyalty management programmes to enterprises, and Gulu Mirchandani, chairman of consumer electronics firm Onida, are…

Link to Full Article: Fractal Analytics raises 0 mn from Malaysia’s Khazanah

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