Fractal Analytics raises USD 100 million

Fractal Analytics, a leading global provider of analytics, has entered into a partnership with Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, who will invest up to USD 100 million in the company to accelerate its growth. Fractal Analytics delivers insight, innovation and impact through advanced analytics, deep learning and visual storytelling. Talking about the funding, Srikanth Velamakanni, co-founder & CEO of Fractal Analytics, stated that, "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 & deep learning based software stack.” Further, Chinta Bhagat, Executive Director at Khazanah, stated "Fractal is one of the companies leading this change and with our partnership, it can dramatically accelerate its programmatic investments and acquisitions"; while Pranay Agrawal, co-founder and Chief Commercial Officer of Fractal added that this partnership proves to be an exciting phase for Fractal’s growth. Since, the availability of large amounts of real-time information and the ability to analyse it at scale, will transform how the world makes decisions, the unmet need for AI and the sophisticated analytics in these organizations that will propel the future growth of analytics companies further such as through this partnership.