Fractal Analytics raises 0 mn from Malaysia’s Khazanah

Malaysian sovereign wealth fund Khazanah Nasional Berhad will invest up to $100 million (Rs 667 crore) in Fractal Analytics, the India- and US-based data analytics provider said. “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 (artificial intelligence) and deep learning-based software stack,” Srikanth Velamakanni, co-founder and CEO of Fractal Analytics, said in a statement. Chinta Bhagat, executive director at Khazanah, said the funds will help Fractal “dramatically accelerate” its programmatic investments and acquisitions. The big funding round comes three years after the company raised $25 million from private equity investor TA Associates. Canadian firm Aimia Inc., which provides loyalty management programmes to enterprises, and Gulu Mirchandani, chairman of consumer electronics firm Onida, are…


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