AI startup Fractal becomes unicorn with $360 million investment from TPG
TechCrunch
JANUARY 5, 2022
Fractal has raised $360 million from TPG in a new financing round and entered the unicorn club as the Mumbai and New York-based AI startup, which counts Google and Wells Fargo among its customers, scales its offerings and begins preparation for an IPO. The new financing round valued the 21-year-old startup “at well north of $1 billion,” said Srikanth Velamakanni, co-founder and group chief executive at Fractal, in an interview with TechCrunch.
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