Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, is investing up to $100 million Fractal Analytics. Jersey City, New Jersey-based Fractal, a provider of analytics, is backed by TA Associates.
SAN MATEO, California, May 10, 2016 /PRNewswire/ —
Fractal Analytics (www.fractalanalytics.com), a leading global provider of analytics, announced today that it has entered into a partnership with Khazanah Nasional Berhad, the strategic investment fund of the Government ofMalaysia, who will invest up to USD 100 million in the company to accelerate its growth.
“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 & deep learning based software stack,” said Srikanth Velamakanni, co-founder & CEO of Fractal Analytics.
“This is an exciting phase of our growth. Our success has been on account of the trust and partnership we have enjoyed from large global corporations,” said Pranay Agrawal, co-founder and Chief Commercial Officer. “The unmet need for AI and sophisticated analytics in these organizations will propel our future growth. We are excited to partner with Khazanah on this journey.”
About Fractal Analytics:
Fractal Analytics is a global analytics firm that helps Fortune 500 companies gain competitive advantage through deep understanding of consumers and better data driven decisions. Fractal Analytics delivers insight, innovation and impact through advanced analytics, deep learning and visual storytelling. Fractal is a strategic analytics partner to some of the most admired companies globally with offices across 13 global locations including the United States, UK and India.
The company has earned recognition by industry analysts and has been named one of the top five ‘Cool Vendors in Analytics’ and a ‘Vendor to watch’ by research advisor Gartner and top provider of text analytics by Forrester. TA Associates, a Boston-based global private equity firm and AIMIA, the world’s largest loyalty firm and Gulu Mirchandani of Onida are some of Fractal’s current investors.
SOURCE Fractal Analytics