IPO-bound AI giant Fractal Analytics has secured $150 million in a secondary share transaction, pushing its valuation to an impressive $2.44 billion. The deal saw private equity firm Apax Partners offload a 6% stake in the company to a group of 22 investors, led by Trust Investment Advisors (TIA) and White Oak Capital. Gaja Capital and Neo Asset Management also participated in the funding round.
Fractal continues to cement its position as a leading AI and analytics firm, offering solutions to a broad range of Fortune 500 clients across industries such as financial services, retail, and healthcare. The company’s growing portfolio includes well-known platforms like Asper.ai, Analytics Vidhya, and Qure.ai, all of which contribute to its reputation as a technology innovator in applied AI.
In addition to these, Fractal is making significant strides in AI product development with offerings such as MarshallGoldsmith.ai, an AI-driven leadership platform, and Vaidya.ai, aimed at transforming healthcare analytics. The firm has also gained attention for the recent launch of Fathom-R1-14B, an open-source large language model designed to further democratize AI access and research.
The secondary transaction was supported by several leading legal firms, including Saraf and Partners, AZB & Partners, Kirkland & Ellis, and Shardul Amarchand Mangaldas & Co, ensuring compliance and legal precision for all parties involved.
This fundraise, though secondary in nature, signals strong investor confidence in Fractal’s long-term vision and capabilities. The move is particularly significant as the company prepares for a public offering, with analysts closely watching how it leverages this momentum for further growth.
Fractal’s ability to build scalable AI solutions and foster ecosystem platforms underscores its commitment to pushing boundaries in the enterprise AI landscape. The latest investment not only enhances its capital flexibility but also reaffirms its leadership in the global AI space.
