Fractal Analytics raises $170 Mn via secondary sale

Fractal Analytics, an Artificial Intelligence (AI) analytics firm, has raised $170 million through a secondary sale, valuing the company at $2.44 billion. This funding involved the sale of a 6% equity stake by its long-time investor Apax Partners to various new investors. The deal underscores strong investor confidence in Fractal's AI capabilities and its growth trajectory, especially as it prepares for an upcoming Initial Public Offering (IPO). This capital infusion will support the company's expansion, particularly in generative AI services and global operations.