#Asia Malaysia’s Khazanah pumping US$100M into Big Data company Fractal Analytics

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The investment will help Fractal invest further in its AI and deep learning-based software stack

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Fractal Analytics, an India- and US-based Big Data analytics company, has entered into a partnership with Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia.

Khazanah will invest up to US$100 million in the company to accelerate its growth.

“There is a revolution underway in advanced analytics, deep learning and visual storytelling. The investment from Khazanah will help us invest further in our AI and deep learning-based software stack,” said Srikanth Velamakanni, Co-founder and CEO of Fractal Analytics.

“We believe that the availability of large amounts of real-time information and the ability to analyse it at scale will transform how the world makes decisions,” said Chinta Bhagat, Executive Director at Khazanah. “Fractal is one of the companies leading this change and with our partnership, it can dramatically accelerate its programmatic investments and acquisitions.”

Fractal Analytics is a global analytics firm that helps companies gain competitive advantage through deep understanding of consumers and better data-driven decisions. Fractal delivers insight, innovation and impact through advanced analytics, deep learning and visual storytelling. It is a strategic analytics partner to some of the leading companies globally, with offices across 13 global locations including the US, the UK and India.

In 2013, Fractal had raised US$25 million from private equity investor TA Associates.

Khazanah has earlier invested in Indian lingerie e-tailer Zivame and online fashion brand YepMe.

The post Malaysia’s Khazanah pumping US$100M into Big Data company Fractal Analytics appeared first on e27.

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