Back to Blog

Fractal Lands $360 Million from Alternative Asset Firm TPG

Fractal Lands $360 Million from Alternative Asset Firm TPG

AI-powered decision making firm Fractal Analytics landed a $360 million investment from alternative asset firm TPG Capital this week. The round brings the 21-year-old company’s total funding to $685 million.

While there is no official word on Fractal’s valuation, Fractal CEO and Co-founder Srikanth Velamakanni told Bloomberg earlier this year that the company is “assessing interest from investors valuing the company at significantly more than $1 billion.”

The funds are coming from TPG’s Asia-focused private equity firm, TPG Capital Asia. The deal, which is expected to close in the first quarter of this year, is comprised of a combination of a primary investment and secondary share purchases from funds advised by private equity advisory firm Apax. Both TPG and Apax will be minority shareholders in Fractal.

As part of today’s deal, TPG’s Puneet Bhatia and Vivek Mohan will sit on Fractal’s board of directors.

“Fractal is building a great workplace and an innovative culture that’s driving significant client outcomes through our ‘user focused, decision-backwards’ approach to solving problems,” said Velamakanni. “TPG’s capabilities across all our markets and their proven success in building and supporting top AI providers is the perfect complement to the partnership we’ve enjoyed with Apax, whose insight and expertise have been instrumental in accelerating our growth.”

Headquartered in New York City, Fractal helps businesses leverage AI to power and inform human decisions. The company serves a range of industries, offering products including, a conversational AI platform;, a revenue growth AI; Crux Intelligence, an AI-powered analytics platform;, a tool for AI-driven operational efficiency.

Fractal employs 3,500 employees in 16 offices across the globe, including the U.S., the U.K., Ukraine, India, Singapore, and Australia. Last month, the company appointed Manish Tiwari as Chief Information Officer. Last summer, Fractal announced it is exploring an IPO. The funding route would help fuel the company’s growth now that companies have made a post-pandemic push to move their operations to the cloud. “The floodgates have opened,” said Velamakanni. “We have the scale to be a public company.”

Photo by Mike Page on Unsplash