Fractal Analytics Raised 0 Million From Khazanah, Malaysian Sovereign Wealth Fund

May 11,2016: Fractal Analytics, a data analytics company founded in 2000, has raised $100 million (Rs 667 crore) from Malaysian sovereign wealth fund Khazanah in one of the largest investments in the technology ecosystem in 2016. According to a source directly familiar with the development, the investment will value the US and India-based company at close to $300 million (Rs 2,000 crore), as the company is looking to embark on an aggressive inorganic strategy. Fractal Analytics said that the funding will be used to accelerate its growth, investing in areas like artificial intelligence (AI) to snag Fortune 500 clients. It counts multi-nationals like Franklin Templeton Investments, P&G, Kimberly Clark, Microsoft and Philips as its clients. According to the latest forecast from Gartner, Global revenue in business intelligence and analytics is…


Link to Full Article: Fractal Analytics Raised 0 Million From Khazanah, Malaysian Sovereign Wealth Fund