Total amount raised
$685 Millions
Latest funding date
1/1/2022
Location
Fractal has successfully raised funds through Private Equity, with notable investors including TPG Capital Asia and TA Associates.
Keep reading to explore the intricacies of Fractal's fundraising journey and the investors backing this innovative platform.
What Is Fractal?
Fractal, founded on February 9, 2000, is headquartered in New York, New York. The company was established by Ashwath Bhat, Pranay Agrawal, and Srikanth Velamakanni.
Fractal specializes in providing artificial intelligence solutions and products to enhance decision-making processes in enterprises. The company operates globally, with a significant presence in multiple countries.
With a workforce of 1001-5000 employees, Fractal continues to be a strategic analytics partner for Fortune 500 companies worldwide.
How Much Funding Has Fractal Raised?
- Private Equity Round
- Amount Raised: $25M
- Date: June 2013
- Lead Investors: TA Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development of AI-driven solutions.
- Venture Round
- Amount Raised: Not disclosed
- Date: August 2014
- Lead Investors: Aimia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its product offerings.
- Private Equity Round
- Amount Raised: $100M
- Date: May 2016
- Lead Investors: Khazanah Nasional
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel strategic growth initiatives and expand the company's AI capabilities.
- Private Equity Round
- Amount Raised: $200M
- Date: January 2019
- Lead Investors: Apax Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To make strategic mergers and acquisitions and expand the workforce.
- Private Equity Round
- Amount Raised: $360M
- Date: January 2022
- Lead Investors: TPG Capital Asia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI product development.
Total Amount Raised: $685M. Current Valuation: Not publicly disclosed.
Key Investors
- TPG Capital Asia
- Details: TPG Capital Asia is a leading global private investment firm with a focus on growth capital and buyouts. They have a strong presence in Asia and invest in a variety of sectors.
- Investment Focus Areas: Healthcare, technology, consumer, and financial services.
- Notable Investments: Healthscope, Pathology Asia Holdings, and PropertyGuru.
- Apax Partners
- Details: Apax Partners is a global private equity firm that provides long-term equity financing to build and strengthen world-class companies. They have a history of investing in technology and growth sectors.
- Investment Focus Areas: Technology, telecommunications, retail, healthcare, and financial services.
- Notable Investments: ThoughtWorks, Inmarsat, and GlobalLogic.
- Khazanah Nasional
- Details: Khazanah Nasional is the sovereign wealth fund of the Malaysian government, focusing on strategic investments to deliver sustainable value for Malaysia.
- Investment Focus Areas: Technology, healthcare, and infrastructure.
- Notable Investments: Alibaba, CIMB Group, and Axiata.
- Aimia
- Details: Aimia is a data-driven marketing and loyalty analytics company that helps businesses understand and engage their customers.
- Investment Focus Areas: Data analytics, marketing, and loyalty programs.
- Notable Investments: Not publicly disclosed.
- TA Associates
- Details: TA Associates is a leading global growth private equity firm that invests in profitable companies with opportunities for expansion.
- Investment Focus Areas: Technology, healthcare, financial services, consumer, and business services.
- Notable Investments: ZoomInfo, Nintex, and DigiCert.
What's Next for Fractal?
Fractal stands at the cusp of significant opportunities, driven by the burgeoning big data analytics market projected to reach $275 billion by 2023. With AI-derived business revenue expected to hit $3.9 trillion by 2022, Fractal's focus on developing bespoke machine learning solutions positions it well to capitalize on this growth. Strategic mergers and acquisitions, along with expanding its workforce, will be pivotal in enhancing its capabilities and market reach.
Future fundraising appears promising, given the substantial investment from Apax Partners and Fractal's robust growth trajectory. However, the company must navigate challenges such as intense competition from other analytics firms and the need to maintain rapid innovation. Successfully addressing these hurdles will be crucial for Fractal to sustain its momentum and continue its upward trajectory in the AI and analytics landscape.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Fractal and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
