Fractal Lands $360M From TPG As AI Demand Surges

Although it seems artificial intelligence has been a buzzword in tech for decades, when New York-based Fractal was founded 21 years ago it could be a hard sell to big enterprises. … People thought we were talking about astrology or something.” Times have changed, and now even small and medium-sized businesses use AI and analytics to make decisions. The deal includes a combination of primary investment and secondary share purchase from funds advised by Apax, which remains a major shareholder in the company. Fractal’s AI and analytics platform helps companies “solve every human problem in the enterprise,” Velamakanni said. The company’s offerings encompass several different industries, from retail to life sciences, and has a handful of subsidiaries that sit under the Fractal umbrella.