Funding
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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