Fractal Analytics raises 0 million from Malaysian sovereign wealth fund Khazanah

BENGALURU: Data analytics company Fractal Analytics, 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.The investment will value the US and India-based company at close to $300 million (Rs 2,000 crore), according to a source directly familiar with the development, 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.Global revenue in the business intelligence and analytics is expected to reach $16.9 billion in 2016, an increase of 5.2%…


Link to Full Article: Fractal Analytics raises 0 million from Malaysian sovereign wealth fund Khazanah