Fractal Analytics Raises USD 100 Million From Malaysian Wealth Fund Khazanah

Data analytics company Fractal Analytics, 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 funding will be used to accelerate its growth, investing in areas like artificial intelligence (AI) to snag Fortune 500 clients. “We believe that the availability of large amounts of real-time information and the ability to analyse it at scale, will transform how the world makes decisions,” said Chinta Bhagat, Executive Director at Khazanah.“Fractal is one of the companies leading this change and with our partnership, it can dramatically accelerate its programmatic investments and acquisitions.” 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…


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