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The Silicon Review Asia

TPG Capital Asia's $360M Investment Turns Fractal into a Unicorn

TPG Capital Asia's $360M Investment Turns Fractal into a Unicorn

The transaction is expected to close by first quarter of 2022

The leading provider of AI and advanced analytics solutions, Fractal, has announced that TPG Capital Asia will be investing $360 million in its business. The transaction will include a combination of primary investment and secondary share purchase from Funds advised by Apex.

“We continue to see great momentum in how clients are leveraging AI to accelerate digital transformation. 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 Srikanth Velamakanni, Co-founder & Group CEO, Fractal. “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.”

The investment from TPG Capital Asia has propelled the Fractal market valuation to above the $1billion mark. TPG’s Puneet Bhatia and Vivek Mohan will join Fractal’s board of directors, as part of the investment.

One of the prominent players in the AI space, Fractal has over 3,500 employees across 16 global locations, including the United States, UK, Ukraine, India, Singapore, and Australia. The company's offerings have enabled it to develop a loyal client base, which include some of the world's leading companies.

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