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{{Short description|Multinational artificial intelligence company}}
{{Multiple issues|
{{Undisclosed paid|date=May 2020}}
{{Advert|date=August 2020}}
{{Unreliable sources|date=August 2020}}
}}
{{Infobox company
{{Infobox company
| name = Fractal
| name = Fractal Analytics Private Limited
| romanized_name = <!--| logo = FractalAnalytics-logo-official.jpg -->
| romanized_name = <!--| logo = FractalAnalytics-logo-official.jpg -->
| logo = FractalAnalytics-new-logo.png
| logo = FractalAnalytics-new-logo.png
| logo_size = 180px
| logo_size = 180px
| type = [[Private company|Private]]
| type = [[Private company|Private]]
| founders = Srikanth Velamakanni and Pranay Agrawal
| founders = {{ubl|Srikanth Velamakanni|Pranay Agrawal}}
| area_served = Global
| area_served = Worldwide
| key_people =
| key_people =
| industry = Analytics
| industry = [[Artificial intelligence]]
| services = Data Analytics
| services =
| num_employees = 4,600 (May 2024)<ref>{{cite news |title=How Fractal, India’s first AI unicorn, is prepping for the next race |url=https://www.livemint.com/companies/how-fractal-india-s-first-ai-unicorn-is-prepping-for-the-next-race-11715761613950.html |access-date=15 July 2024 |work=Mint}}</ref>
| num_employees = 1,200+
| foundation = 2000
| foundation = 2000
| location = [[New York City]]
| location = {{ubl|[[Mumbai]], India<ref name="hq"/>|[[New York City]], United States<ref name="hq"/>}}
| revenue = {{up}} {{INRconvert|1985|c}} (FY23)<ref name="fy23"/>
⚫
| homepage = [https://fractal.ai/ fractal.ai]
| profit = {{up}} {{INRconvert|194|c}} (FY23)<ref name="fy23">{{cite news |last1=Manchanada |first1=Kunal |title=AI unicorn Fractal posts Rs 1,985 Cr revenue and Rs 194 Cr profit in FY23 |url=https://entrackr.com/2023/10/ai-unicorn-fractal-posts-rs-1985-cr-revenue-and-rs-194-cr-profit-in-fy23/ |access-date=14 December 2023 |work=Entrackr |date=19 October 2023}}</ref>
⚫
| homepage = {{URL|https://fractal.ai/}}
}}
}}
'''Fractal''' is a multinational artificial intelligence company that provides services in consumer packaged goods, insurance, healthcare, life sciences, retail and technology, and the financial sector. Headquartered in New York, it has a presence in the&nbsp;[[United States]]<ref>{{cite news|last1=Sainul k Abudheen|title=Fractal Analytics buys mobile-based context-aware Big Data startup Mobius Innovations|url=http://www.vccircle.come/news/technology/2015/01/12/fractal-analytics-buys-mobile-based-context-aware-big-data-startup-mobius|accessdate=5 March 2017|work=VCCircle|date=12 January 2015}}</ref>, [[United Kingdom]], and [[India]] along with fifteen other locations.<ref name="Various Details">{{cite news|url=https://www.livemint.com/Companies/Bu7xfpaTebsi6bRrEMsgJP/Fractal-Analytics-in-talks-to-raise-200-million-from-Apax.html|title=Fractal Analytics in talks to raise $200 million from Apax|first=Shrija|last=Agrawal|date=January 4, 2019|accessdate=February 11, 2020|publisher=[[Livemint]]}}</ref>
'''Fractal Analytics Private Limited''', trading as '''Fractal''', is a multinational [[artificial intelligence]] company which provides services in packaged consumer goods, insurance, healthcare, life sciences, retail, technology, and the financial sector. The company has dual headquarters in [[Mumbai]] and [[New York City]],<ref name="hq">{{cite news |title=Mumbai to Melbourne: Indian Tech unicorn Fractal expands its business |url=https://www.theaustraliatoday.com.au/mumbai-to-melbourne-indian-tech-unicorn-fractal-expands-its-business/ |access-date=14 December 2023 |work=The Australia Today |date=24 September 2023 |language=en-AU}}</ref> with a presence in the United States, India, and the United Kingdom, among other locations.


== History ==
== History ==
Fractal Analytics was founded in 2000 in Mumbai by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan and Ramakrishna Reddy.<ref name="forbesindia1">{{cite web|url=http://www.forbesindia.com/article/work-in-progress/fractal-analytics-indias-secondlargest-analytics-firm/36445/1|title=Fractal Analytics: India's Second-Largest Analytics Firm|date=November 5, 2013|work=[[Forbes India]]|access-date=February 22, 2017|quote=After a painful board-level split in 2007, Fractal Analytics turned things around to become India’s second-largest analytics company and growing}}</ref> It later moved to the US in 2005.<ref>{{Cite web |last=Nataraj |first=Poornima |date=2022-01-05 |title=Analytics & AI firm Fractal raises $360 million investment, becomes the second unicorn of 2022 |url=https://analyticsindiamag.com/analytics-ai-firm-fractal-raises-360-million-investment-becomes-the-second-unicorn-of-2022/ |access-date=2024-05-15 |website=Analytics India Magazine |language=en-US}}</ref> In 2015 they acquired Imagna Analytics<ref name="bizjournal">{{cite news| title = Fractal Analytics Acquires AI Startup to Expand Customer Genomics| newspaper = Boston Business Journal| url = http://www.bizjournals.com/boston/prnewswire/press_releases/Georgia/2015/10/29/enUK201510294278?ana=prnews| date = October 29, 2015| access-date = February 22, 2017| archive-date = March 7, 2017| archive-url = https://web.archive.org/web/20170307204002/http://www.bizjournals.com/boston/prnewswire/press_releases/Georgia/2015/10/29/enUK201510294278?ana=prnews| url-status = dead}}</ref> and Mobius Innovations.<ref name="thehindu4">{{cite news | title = Fractal Analytics buys Mobius Innovations |work =[[The Hindu]] | url =http://www.thehindu.com/todays-paper/tp-business/fractal-analytics-buys-mobius-innovations/article6782394.ece | date = January 13, 2015 | access-date = February 22, 2017 }}</ref><ref name="mint">{{cite news | title =Fractal Analytics acquires Singapore-based Mobius Innovations |publisher =The Mint | url = http://www.livemint.com/Companies/pH2QKWESK1ZZsx8qeP0cbI/Fractal-Analytics-acquires-Singaporebased-Mobius-Innovation.html | date = 12 January 2015 | access-date = February 22, 2017 }}</ref><ref>{{cite news|last1=Sainul k Abudheen|title=Fractal Analytics buys mobile-based context-aware Big Data startup Mobius Innovations|url=http://www.vccircle.come/news/technology/2015/01/12/fractal-analytics-buys-mobile-based-context-aware-big-data-startup-mobius|access-date=5 March 2017|work=VCCircle|date=12 January 2015}} {{Dead link|date=November 2021}}</ref>
===Leadership===
Fractal was founded in 2000 by Srikanth Velamakanni, Pranay Agrawal<ref name="marketwatch pranay agrawal"/>, Nirmal Palaparthi, Pradeep Suryanarayan and Ramakrishna Reddy<ref name="forbesindia1">{{cite web|url=http://www.forbesindia.com/article/work-in-progress/fractal-analytics-indias-secondlargest-analytics-firm/36445/1|title=Fractal Analytics: India's Second-Largest Analytics Firm|first=Shravan|last=Bhat|date=November 5, 2013|publisher=[[Forbes India]]|accessdate=February 22, 2017|quote=After a painful board-level split in 2007, Fractal Analytics turned things around to become India’s second-largest analytics company and growing}}</ref>.


In 2016, Fractal appointed Pranay Agrawal as the CEO to replace co-founder Srikanth Velamakanni, the new Group Chief Executive and Executive Vice-Chairman.<ref name="vcircle2">{{cite news | title =Fractal Analytics appoints co-founder Pranay Agrawal as new CEO|newspaper=[[VCCircle]]|url=http://techcircle.vccircle.com/2016/11/02/fractal-analytics-names-co-founder-pranay-agrawal-new-ceo-in-management-shift/|date=November 2, 2016| accessdate = February 22, 2017}}</ref>
In 2016, Fractal Analytics appointed Pranay Agrawal as the CEO to replace co-founder Srikanth Velamakanni, the new Group Chief Executive and Executive Vice-Chairman.<ref name="vcircle2">{{cite news | title =Fractal Analytics appoints co-founder Pranay Agrawal as new CEO |newspaper =[[VCCircle]] | url =http://techcircle.vccircle.com/2016/11/02/fractal-analytics-names-co-founder-pranay-agrawal-new-ceo-in-management-shift/ | date = November 2, 2016| access-date = February 22, 2017}}</ref> It also expanded its operations including the creation of two new subsidiaries Qure.ai<ref name="telegraphcalcutta">{{cite news| title = Qure.ai Wins Nvidia's Social Innovation Award| newspaper = [[The Telegraph (Calcutta)]]| url = https://www.telegraphindia.com/pressrelease/prnw/48012/qure-ai-wins-nvidia-s-social-innovation-award.html| date = December 21, 2016| access-date = February 22, 2017| archive-date = March 7, 2017| archive-url = https://web.archive.org/web/20170307204029/https://www.telegraphindia.com/pressrelease/prnw/48012/qure-ai-wins-nvidia-s-social-innovation-award.html| url-status = dead}}</ref> and Cuddle.ai.<ref name="sdtimes">{{cite web | title =Cuddle.ai closes the gap between analytics in the personal and enterprise world |publisher =[[SD Times]] | url =http://sdtimes.com/cuddle-ai-closes-gap-analytics-personal-enterprise-world/ | date = 2 November 2016| access-date = February 22, 2017}}</ref>


In August 2016, they partnered with [[KNIME]], an open source data analytics platform.<ref name="yahoofinance">{{cite web | title = Fractal Analytics Partners With KNIME to Accelerate Institutionalization of Analytics for its Fortune 500 Clients | publisher = [[Yahoo finance]] | url = http://finance.yahoo.com/news/fractal-analytics-partners-knime-accelerate-090000944.html | date = August 9, 2016 | access-date = February 22, 2017 | archive-date = March 7, 2017 | archive-url = https://web.archive.org/web/20170307050717/http://finance.yahoo.com/news/fractal-analytics-partners-knime-accelerate-090000944.html | url-status = dead }}</ref> In June 2017, they acquired Chicago-based strategy & analytics firm, 4i Inc.<ref>{{cite web |url=https://www.prnewswire.com/news-releases/fractal-analytics-acquires-chicago-based-strategy--analytics-firm-4i-inc-625650084.html|accessdate=28 November 2021 |title=Fractal Analytics Acquires Chicago-based Strategy & Analytics Firm, 4i Inc. |website=Cision | date=June 1, 2017 }}</ref> In September 2017, they partnered with Final Mile to combine data science with behavioral science <ref>{{Cite web |url=http://www.fractalanalytics.com/news/fractal-analytics-announces-partnership-final-mile-combine-data-science-behavioral-science |title=Archived copy |access-date=2017-10-02 |archive-date=2017-10-02 |archive-url=https://web.archive.org/web/20171002215653/http://www.fractalanalytics.com/news/fractal-analytics-announces-partnership-final-mile-combine-data-science-behavioral-science |url-status=dead }}</ref> In March 2018, Fractal Analytics acquired behavioural architecture company Final Mile.<ref>{{Cite news|url=https://inc42.com/buzz/data-analytics-company-fractal-analytics-acquires-behavioural-architecture-firm-final-mile/|title=Data Analytics Company Fractal Analytics Acquires Behavioural Architecture Firm Final Mile|date=2018-03-15|work=Inc42 Media|access-date=2018-06-08|language=en-US}}</ref><ref>{{Cite web|url=https://analyticsindiamag.com/fractal-analytics-acquires-final-mile/|title=FRACTAL ANALYTICS ACQUIRES FINAL MILE; BRINGS TOGETHER AI, BEHAVIOURAL SCIENCES|website=analyticsindiamag.com|date=15 March 2018 |language=en|access-date=2018-06-08}}</ref> In January 2019, Fractal received a $200 million funding from [[Apax Partners]].<ref>{{Cite news|url=https://www.business-standard.com/article/pti-stories/funds-advised-by-apax-partners-invest-usd-200-million-in-fractal-analytics-119011600749_1.html|title=Funds Advised by Apax Partners Invest USD 200 Million in Fractal Analytics|last=|first=|date=16 January 2019|newspaper=Business Standard India|archive-url=|archive-date=|access-date=|agency=Press Trust of India }}</ref>
Velamakanni is a graduate in electrical engineering from [[IIT Delhi]] and has an MBA from [[IIM Ahmedabad]].<ref>{{cite news|url=https://www.analyticsinsight.net/top-10-big-data-ceos-in-india/|title=TOP 10 BIG DATA CEOS IN INDIA|first=Smriti|last=Srivastava|date=July 27, 2019|accessdate=February 12, 2020|publisher=Anylytics Insight}}</ref>


In January 2022, Fractal became a [[Unicorn (finance)|unicorn company]] after raising $360 million from private equity firm [[TPG Inc.|TPG]].<ref>{{Cite news|url=https://techcrunch.com/2022/01/05/ai-startup-fractal-becomes-unicorn-with-360-million-investment-from-tpg/|title=AI startup Fractal becomes unicorn with $360 million investment from TPG|last=|first=|date=5 January 2022|newspaper=TechCrunch|archive-url=|archive-date=|access-date=}}</ref>
===Funding History===

Early investors in Fractal have included Malaysian sovereign wealth fund [[Khazanah Nasional Berhad]], TA Associates and Mirc Electronics Ltd's Gulu Mirchandani who have respectively invested USD $100M (in 2016), USD $25M (in 2013) and USD $600,000 (in 2001). <ref name="Various Details"/><ref name="forbesindia1"/><ref>{{cite news|url=https://www.vccircle.com/fractal-analytics-raises-100-mn-malaysias-khazanah/|title=Fractal Analytics raises $100 mn from Malaysia’s Khazanah|date=May 11, 2016|accessdate=February 12, 2020|publisher=VCcircle}}</ref><ref>{{cite news|url=https://www.vccircle.com/apax-partners-to-acquire-200-mn-stake-in-fractal-analytics/|title=Apax Partners to acquire $200 mn stake in Fractal Analytics|first=Ranjani|last=Raghavan|date=January 16, 2019|accessdate=February 12, 2020|publisher=VCcircle}}</ref>

In January 2019, Fractal received a USD $200M funding from [[Apax Partners]], a leading global private equity advisory firm.<ref>{{Cite web|url=https://www.business-standard.com/article/pti-stories/funds-advised-by-apax-partners-invest-usd-200-million-in-fractal-analytics-119011600749_1.html|title=Funds Advised by Apax Partners Invest USD 200 Million in Fractal Analytics|last=|first=|date=January 16, 2019|website=[[Business Standard]]|url-status=live|archive-url=|archive-date=|access-date=February 12, 2020}}</ref><ref>{{cite news|url=https://www.livemint.com/Companies/IwAVz2kCsEelgoDtOnCp0K/Apax-Funds-invests-200-million-in-Fractal-Analytics.html|title=Apax Funds invests $200 million in Fractal Analytics|first=Malvika|last=Joshi|date=January 17, 2019|accessdate=February 12, 2020|publisher=[[Livemint]]}}</ref> Following the investment, the company was valued at $500 million.<ref>{{Cite web|url=https://www.cnbc.com/2019/01/16/ai-firm-fractal-valued-at-500-million-after-apax-buys-minority-stake.html|title=Private equity giant Apax buys $200 million stake in Indian A.I. firm Fractal, valuing it at $500 million|last=Browne|first=Ryan|date=2019-01-16|website=CNBC|language=en|access-date=2020-04-03}}</ref>

==Growth==
In 2005, Fractal Analytics established its base in the [[United States]].

In January 2015, Fractal opened its office in [[Bengaluru|Bangalore]], India.

In 2015, Fractal acquired Imagna Analytics<ref name="bizjournal">{{cite news | title = Fractal Analytics Acquires AI Startup to Expand Customer Genomics |newspaper =Boston Business Journal|url = http://www.bizjournals.com/boston/prnewswire/press_releases/Georgia/2015/10/29/enUK201510294278?ana=prnews| date = October 29, 2015 | accessdate = February 22, 2017}}</ref> and Mobius Innovations.<ref name="thehindu4">{{cite news | title = Fractal Analytics buys Mobius Innovations |publisher =[[The Hindu]] | url =http://www.thehindu.com/todays-paper/tp-business/fractal-analytics-buys-mobius-innovations/article6782394.ece|date=January 13, 2015|accessdate=February 22, 2017 }}</ref><ref name="mint">{{cite news|title =Fractal Analytics acquires Singapore-based Mobius Innovations |publisher =[[Livemint]]|url =http://www.livemint.com/Companies/pH2QKWESK1ZZsx8qeP0cbI/Fractal-Analytics-acquires-Singaporebased-Mobius-Innovation.html|first=Ashna|last=Ambre|date=12 January 2015|accessdate=February 22, 2017 }}</ref>

Fractal has expanded its operations including the creation of two new subsidiaries: Qure.ai<ref name="telegraphcalcutta">{{cite news | title =Qure.ai Wins Nvidia's Social Innovation Award|newspaper=[[The Telegraph (Calcutta)]]|url=https://www.telegraphindia.com/pressrelease/prnw/48012/qure-ai-wins-nvidia-s-social-innovation-award.html|date=December 21, 2016| accessdate = February 22, 2017}}</ref> and Cuddle.ai.<ref name="sdtimes">{{cite web|title =Cuddle.ai closes the gap between analytics in the personal and enterprise world |publisher =[[SD Times]] |url =http://sdtimes.com/cuddle-ai-closes-gap-analytics-personal-enterprise-world/|date=2 November 2016|accessdate = February 22, 2017}}</ref>

Qure.ai has been incubated by Fractal with between US$25 million to US$30 million since its launch. Qure.ai operates out of Mumbai, India and is a healthcare AI startup focused on radiology and using deep learning and AI to quickly analyze diagnostic medical imaging such as x-rays and CT scans. <ref>{{cite news|url=https://asia.nikkei.com/Business/Startups/Indian-AI-startup-in-talks-to-raise-20m-to-fight-tuberculosis|title=Indian AI startup in talks to raise $20m to fight tuberculosis|first=Rosemary|last=Marandi|date=October 15, 2019|accessdate=February 13, 2020|publisher=[[Nikkei Asian Review]]}}</ref>

Qure.ai raised US$16 million in funding in February 2020 in a funding round led by Sequoia India.<ref>{{Cite web|url=https://venturebeat.com/2020/02/26/qure-ai-raises-16-million-for-ai-that-spots-abnormalities-in-chest-and-head-scans/|title=Qure.ai raises $16 million for AI that spots abnormalities in chest and head scans|last=Wiggers|first=Kyle|date=February 26, 2020|website=[[VentureBeat]]|url-status=live|archive-url=|archive-date=|access-date=March 3, 2020}}</ref>

===Acquisitions & Partnerships===

In August 2016, they partnered with [[KNIME]], an open source data analytics platform.<ref name="yahoofinance">{{cite web|title = Fractal Analytics Partners With KNIME to Accelerate Institutionalization of Analytics for its Fortune 500 Clients|publisher=[[Yahoo finance]]|url=http://finance.yahoo.com/news/fractal-analytics-partners-knime-accelerate-090000944.html|date=August 9, 2016|accessdate=February 22, 2017}}</ref> In June 2017, they acquired Chicago-based strategy & analytics firm, 4i Inc.<ref>http://www.prnewswire.com/news-releases/fractal-analytics-acquires-chicago-based-strategy--analytics-firm-4i-inc-625650084.html</ref>

In March 2018, Fractal acquired behavioral architecture company Final Mile to combine data science with behavioral science to improve decision making.<ref>{{Cite news|url=https://inc42.com/buzz/data-analytics-company-fractal-analytics-acquires-behavioural-architecture-firm-final-mile/|title=Data Analytics Company Fractal Analytics Acquires Behavioural Architecture Firm Final Mile|date=2018-03-15|work=Inc42 Media|access-date=2018-06-08|language=en-US}}</ref><ref>{{Cite web|url=https://analyticsindiamag.com/fractal-analytics-acquires-final-mile/|title=FRACTAL ANALYTICS ACQUIRES FINAL MILE; BRINGS TOGETHER AI, BEHAVIOURAL SCIENCES|website=analyticsindiamag.com|language=en|access-date=2018-06-08}}</ref>

In January 2020, Fractal was named Certified Retail Competency Partner by Amazon Web Services (AWS).<ref>{{Cite web|url=https://www.marketwatch.com/press-release/fractal-named-certified-retail-competency-partner-by-amazon-web-services-aws-2020-01-13|title=Fractal Named Certified Retail Competency Partner by Amazon Web Services (AWS)|last=|first=|date=|website=Market Watch|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

In February 2020, Fractal announced a technology partnership with ideaForge to provide AI-based drone solutions. <ref>{{cite news|url=https://www.theweek.in/wire-updates/business/2020/02/04/pwr21-fractal.html|title=Fractal and ideaForge Announce Global Technology Partnership to Launch AI-powered Drones|date=February 4, 2020|accessdate=February 12, 2020}}</ref><ref>{{cite news|url=https://fractal.ai/news/fractal-and-ideaforge-announce-global-technology-partnership-to-launch-ai-powered-drones/|title=Fractal and ideaForge Announce Global Technology Partnership to Launch AI-powered Drones|date=February 4, 2020|accessdate=February 12, 2020}}</ref>

===Awards & Recognition's===

In 2014, Fractal Analytics was listed as one of the Fast 50 Asian American Businesses by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) for the second consecutive year.<ref name="marketwatch pranay agrawal">{{cite news|url=https://www.marketwatch.com/press-release/fractal-analytics-wins-fast-50-asian-american-business-award-for-second-consecutive-year-2014-07-28|title=Fractal Analytics Wins Fast 50 Asian American Business Award for Second Consecutive Year|date=July 28, 2014|website=marketwatch.com|accessdate=February 18, 2020}}</ref>

In 2017, Qure.ai was one of the ten 2017 Netexplo award winners for developing an artificial intelligence technology that automates diagnosis and reporting of CT Scans, MRIs and X-Rays.<ref >{{cite news|url=https://www.prnewswire.com/in/news-releases/qureai-wins-the-netexplo-award-for-innovative-healthcare-ai-620979643.html|title=Qure.ai Wins the Netexplo Award for Innovative Healthcare AI|date=May 2, 2017|website=prnewswire.com|accessdate=February 18, 2020}}</ref>

In 2017, Fractal Analytics won the Best Artificial Intelligence solution award in the Credit Scoring category at Artificial Intelligence Worldwide Software Vendor Selection Event organized by AGOS in collaboration with Nuvolab.<ref >{{cite news|url=https://www.aziendabanca.it/notizie/agos-contest-fintech-ai-vincitori|title=Agos: ready to work on AI|date=September 28, 2017|author=SR|website=aziendabanca.it|lang=it|accessdate=February 18, 2020}}</ref>

In January 2020, Bhavesh Bhatt, Data Scientist at Fractal Analytics, featured among the 40 leading data scientists in India under the age of 40 recognized by Analytics India Magazine.<ref>{{cite news|url=https://analyticsindiamag.com/40-under-40-data-scientists-in-india-2020-who-are-they/|title=40 UNDER 40 DATA SCIENTISTS IN INDIA 2020: WHO ARE THEY?|date=February 4, 2020|first=Bhasker|last=Gupta|website=analyticsindiamag.com|accessdate=February 18, 2020}}</ref>


==References==
==References==
{{reflist|30em}}
{{reflist|30em}}

==External Links==
* [https://fractal.ai/ Official Website]


[[Category:Analytics companies]]
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[[Category:Apax Partners companies]]
[[Category:Companies established in 2000]]
[[Category:Companies established in 2000]]
[[Category:Technology companies established in 2000]]
[[Category:Technology companies established in 2000]]
[[Category:International information technology consulting firms]]
[[Category:International information technology consulting firms]]
[[Category:Software companies of India]]
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Latest revision as of 11:17, 13 September 2024

Fractal Analytics Private Limited
Company typePrivate
IndustryArtificial intelligence
Founded2000
Founders
  • Srikanth Velamakanni
  • Pranay Agrawal
Headquarters
Area served
Worldwide
RevenueIncrease ₹1,985 crore (US$240 million) (FY23)[2]
Increase ₹194 crore (US$23 million) (FY23)[2]
Number of employees
4,600 (May 2024)[3]
Websitefractal.ai

Fractal Analytics Private Limited, trading as Fractal, is a multinational artificial intelligence company which provides services in packaged consumer goods, insurance, healthcare, life sciences, retail, technology, and the financial sector. The company has dual headquarters in Mumbai and New York City,[1] with a presence in the United States, India, and the United Kingdom, among other locations.

History

[edit]

Fractal Analytics was founded in 2000 in Mumbai by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan and Ramakrishna Reddy.[4] It later moved to the US in 2005.[5] In 2015 they acquired Imagna Analytics[6] and Mobius Innovations.[7][8][9]

In 2016, Fractal Analytics appointed Pranay Agrawal as the CEO to replace co-founder Srikanth Velamakanni, the new Group Chief Executive and Executive Vice-Chairman.[10] It also expanded its operations including the creation of two new subsidiaries Qure.ai[11] and Cuddle.ai.[12]

In August 2016, they partnered with KNIME, an open source data analytics platform.[13] In June 2017, they acquired Chicago-based strategy & analytics firm, 4i Inc.[14] In September 2017, they partnered with Final Mile to combine data science with behavioral science [15] In March 2018, Fractal Analytics acquired behavioural architecture company Final Mile.[16][17] In January 2019, Fractal received a $200 million funding from Apax Partners.[18]

In January 2022, Fractal became a unicorn company after raising $360 million from private equity firm TPG.[19]

References

[edit]
  1. ^ a b c "Mumbai to Melbourne: Indian Tech unicorn Fractal expands its business". The Australia Today. 24 September 2023. Retrieved 14 December 2023.
  2. ^ a b Manchanada, Kunal (19 October 2023). "AI unicorn Fractal posts Rs 1,985 Cr revenue and Rs 194 Cr profit in FY23". Entrackr. Retrieved 14 December 2023.
  3. ^ "How Fractal, India's first AI unicorn, is prepping for the next race". Mint. Retrieved 15 July 2024.
  4. ^ "Fractal Analytics: India's Second-Largest Analytics Firm". Forbes India. November 5, 2013. Retrieved February 22, 2017. After a painful board-level split in 2007, Fractal Analytics turned things around to become India's second-largest analytics company and growing
  5. ^ Nataraj, Poornima (2022-01-05). "Analytics & AI firm Fractal raises $360 million investment, becomes the second unicorn of 2022". Analytics India Magazine. Retrieved 2024-05-15.
  6. ^ "Fractal Analytics Acquires AI Startup to Expand Customer Genomics". Boston Business Journal. October 29, 2015. Archived from the original on March 7, 2017. Retrieved February 22, 2017.
  7. ^ "Fractal Analytics buys Mobius Innovations". The Hindu. January 13, 2015. Retrieved February 22, 2017.
  8. ^ "Fractal Analytics acquires Singapore-based Mobius Innovations". The Mint. 12 January 2015. Retrieved February 22, 2017.
  9. ^ Sainul k Abudheen (12 January 2015). "Fractal Analytics buys mobile-based context-aware Big Data startup Mobius Innovations". VCCircle. Retrieved 5 March 2017. [dead link‍]
  10. ^ "Fractal Analytics appoints co-founder Pranay Agrawal as new CEO". VCCircle. November 2, 2016. Retrieved February 22, 2017.
  11. ^ "Qure.ai Wins Nvidia's Social Innovation Award". The Telegraph (Calcutta). December 21, 2016. Archived from the original on March 7, 2017. Retrieved February 22, 2017.
  12. ^ "Cuddle.ai closes the gap between analytics in the personal and enterprise world". SD Times. 2 November 2016. Retrieved February 22, 2017.
  13. ^ "Fractal Analytics Partners With KNIME to Accelerate Institutionalization of Analytics for its Fortune 500 Clients". Yahoo finance. August 9, 2016. Archived from the original on March 7, 2017. Retrieved February 22, 2017.
  14. ^ "Fractal Analytics Acquires Chicago-based Strategy & Analytics Firm, 4i Inc". Cision. June 1, 2017. Retrieved 28 November 2021.
  15. ^ "Archived copy". Archived from the original on 2017-10-02. Retrieved 2017-10-02.{{cite web}}: CS1 maint: archived copy as title (link)
  16. ^ "Data Analytics Company Fractal Analytics Acquires Behavioural Architecture Firm Final Mile". Inc42 Media. 2018-03-15. Retrieved 2018-06-08.
  17. ^ "FRACTAL ANALYTICS ACQUIRES FINAL MILE; BRINGS TOGETHER AI, BEHAVIOURAL SCIENCES". analyticsindiamag.com. 15 March 2018. Retrieved 2018-06-08.
  18. ^ "Funds Advised by Apax Partners Invest USD 200 Million in Fractal Analytics". Business Standard India. Press Trust of India. 16 January 2019.
  19. ^ "AI startup Fractal becomes unicorn with $360 million investment from TPG". TechCrunch. 5 January 2022.


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