Fractal Analytics Gets $100m Boost

Mumbai-based predictive analytics company Fractal Analytics has signed an agreement with the Malaysian government's sovereign wealth fund Khazanah Nasional Berhad, which will invest up to $100m in the company to accelerate its growth.

Mateo, California-based Fractal partners with clients to deliver a wide range of services for centralized internal analytics teams or individual business units. Specialisms include big data and visual storytelling, predictive forecasting models, and shopper segmentation and insights. Last year, the firm acquired personalized customer intelligence specialist Mobius Innovations, and artificial intelligence start-up Imagna Analytics.

Chinta Bhagat, Executive Director at Khazanah, says the partnership will enable Fractal Analytics to 'dramatically accelerate' its investments and acquisitions. Srikanth Velamakanni (pictured), Fractal's co-founder and CEO, adds: '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 and deep learning based software stack'.

Web site: www.fractalanalytics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.