Khazanah investing 100m in Fractal Analytics

Malaysia's strategic investment fund Khazanah Nasional Bhd is making a strategic investment of 100 million into New Jersey-based Fractal Analytics, a leading global provider of analytics, to accelerate its growth. In a press release, Khazanah executive director Chinta Bhagat commented: "The availability of large amounts of real-time information and the ability to analyse it at scale, will transform how the world makes decisions. Fractal is one of the companies leading this change and with our partnership, it can dramatically accelerate its programmatic investments and acquisitions." TA Associates, a Boston-based global private equity firm and AIMIA, the world's largest loyalty firm and Gulu Mirchandani of Onida are some of Fractal's current investors. Fractal Analytics co-founder and chief executive officer Srikanth Velamakanni said, the investment will allow the company to step up development of its artificial intelligence (AI) and deep learning-based software stack.