IPO-bound AI company Fractal bags $170 million at $2.44 billion valuation

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Artificial intelligence (AI) analytics firm Fractal Analytics has raised $170 million (about Rs 1,461 crore), valuing the company at $2.44 billion (Rs 20,978 crore). The public markets-bound firm made a secondary sale of 6% equity by its long-time investor Apax Partners.

The buyers include 22 investors and funds advised by Trust Investment Advisors, as well as funds managed by White Oak Capital Management, Gaja Capital and Neo Asset Management, it was reported by a news channel.

The unicorn is eyeing to list on the exchanges following an initial…



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IPO-bound AI company Fractal bags $170 million at $2.44 billion valuation



Artificial intelligence (AI) analytics firm Fractal Analytics has raised $170 million (about Rs 1,461 crore), valuing the company at $2.44 billion (Rs 20,978 crore). The public markets-bound firm made a secondary sale of 6% equity by its long-time investor Apax Partners.

The buyers include 22 investors and funds advised by Trust Investment Advisors, as well as funds managed by White Oak Capital Management, Gaja Capital and Neo Asset Management, it was reported by a news channel.

The unicorn is eyeing to list on the exchanges following an initial…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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