Fractal Analytics, a San Mateo, CA-based global provider of analytics solutions, is to receive an up to USD 100m investment.
Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, will invest in the company to accelerate its growth.
The company intends to use the funds to further in its AI & deep learning based software stack.
Led by Srikanth Velamakanni, co-founder & CEO, and Pranay Agrawal, co-founder and Chief Commercial Officer, Fractal Analytics is a global analytics firm that allows Fortune 500 companies to understand consumers and make data driven decisions by delivering advanced analytics, deep learning and visual storytelling. Fractal, which operates 13 global locations including the United States, UK and India, is also backed by TA Associates, a Boston-based global private equity firm, and Aimia, a large loyalty firm.