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How Fractal, India’s first AI unicorn, is prepping for the next race
Livemint
·
1y ago
Medial
Indian artificial intelligence (AI) firm Fractal Analytics has become India's first AI unicorn, with a valuation of over $1 billion. The company recently received a $350 million investment from TPG Capital Asia. Fractal Analytics currently has over $300 million in revenue and operates in 17 global locations with over 4,600 employees. The company focuses on providing AI-based products and solutions in the data analytics space and is ranked eighth among its competitors by data intelligence platform Tracxn. Fractal has experienced a long journey to success, including a near-death experience when two co-founders left to start a rival company.
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Fractal invests ₹172 in AI-powered venture Asper.AI
Inshorts
·
3m ago
Medial
SaaS unicorn Fractal has announced a strategic investment of ₹172 crore in its in-house AI-driven supply chain management platform Asper.AI. In a statement, Fractal said that the funding will enable Asper.AI to scale up product development, expand enterprise customer base across the globe and power its next phase of growth.
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How AI Is Helping SaaS Unicorn Fractal Streamline Hiring Process
Inc42
·
1y ago
Medial
SaaS unicorn Fractal Analytics is using its AI tool Fractal 360 to streamline its hiring process. The tool, built for internal use, helps the startup's hiring teams choose the right questions to ask potential employees. Fractal Analytics claims to hire 2,000 people and screen 400,000 potential employees yearly. The company also employs an AI agent named Dexter to enhance the employee experience. Fractal Analytics' focus on AI intersects with its goal of creating AI products for clients. The Indian government has increased its push for AI adoption, with India's GenAI market projected to reach $17bn by 2030.
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Fractal rolls out Fathom-R1-14B, an open-source AI model for reasoning
YourStory
·
1m ago
Medial
Fractal has launched Fathom-R1-14B, an open-source AI model with 14 billion parameters, aimed at enhancing mathematical and general reasoning capabilities. Developed by Fractal’s AI Research team, it is built on Deepseek-R1-Distilled-Qwen-14B and supports a 16K context length for better comprehension of extensive inputs. This model, part of IndiaAI Mission’s proposal for India’s first Large Reasoning Model, outperforms other open-source models and excels in reasoning and math benchmarks.
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Fractal Analytics proposes India's first Large Reasoning Model
Inshorts
·
3m ago
Medial
Fractal Analytics plans to develop India’s first Large Reasoning Model (LRM) with a project cost of ₹118.8 crore. The company seeks ₹76.6 crore in government funding under the IndiaAI Mission. The LRM series will include models ranging from 2 to 70 billion parameters, aiming to enhance AI’s reasoning and problem-solving capabilities.
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TPG-backed Fractal Analytics brings back AI firm Eugenie into its fold
VCCircle
·
1y ago
Medial
Fractal Analytics has announced the merger of artificial intelligence (AI) firm Eugenie AI back into its fold. Fractal Analytics, which is backed by private equity firms TPG and Apax Partners, plans to leverage Eugenie's expertise in climate change and industrial sustainability to expand its portfolio. Eugenie, founded in 2020-21, was previously a subsidiary of Fractal Analytics before being spun off as a separate entity. The merger will give Fractal 100% ownership of Eugenie AI. Financial terms of the transaction were not disclosed.
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TPG-backed Fractal Analytics revives IPO plans; Lilavati Hospital to tap PEs
VCCircle
·
1y ago
Medial
US-based AI and analytics solutions provider, Fractal Analytics, is reportedly reviving plans for an initial public offering (IPO) in India. The company aims to raise over $500 million and is targeting a valuation between $3 billion and $3.5 billion. Fractal Analytics has appointed Kotak Mahindra Bank and Morgan Stanley as advisors for the IPO.
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Fractal bets on agentic AI to drive revenue
Livemint
·
4m ago
Medial
Fractal Analytics is pioneering agentic AI with two projects, Cogentiq and Project Pioneer, aimed at enhancing enterprise productivity and decision-making. Cogentiq, already generating revenue, contributes significantly to Fractal's income, while Project Pioneer will soon launch. Fractal reported a revenue increase in FY24 but experienced a net loss due to strategic stake changes. Recent funding valued Fractal at $2.4 billion, and it plans an IPO to further bolster its AI-driven growth strategy.
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Fractal AI says this new generative AI tool will make online shopping more targeted
Money Control
·
2y ago
Medial
Fractal AI has launched a customizable eCommerce user experience (UX) tool that utilizes generative artificial intelligence (AI). The tool enables businesses to enhance their online shopping platforms by generating unique design layouts and recommendations based on user preferences. By leveraging AI technology, Fractal AI aims to provide a personalized and engaging shopping experience, ultimately improving customer satisfaction and boosting conversions for eCommerce businesses.
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Google regains AI initiative by playing to its strengths
Livemint
·
1y ago
Medial
Google, although initially seen as playing defense against OpenAI's ChatGPT, is proving its staying power in the AI race. With its dominant presence in search and Android, Google showcased how its generative AI tools will integrate into these widely used services at its recent I/O developers' conference. Investors responded positively, with Alphabet's stock rising 1% in two days. The challenge now is to show the financial payoff of this expensive AI race, although Microsoft may have an advantage with its existing enterprise software customer base. However, as more users try AI services, the demand and potential revenue opportunities may increase for Google.
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Apple’s AI evolution is not quite a revolution
Livemint
·
1y ago
Medial
Apple has unveiled its first generative artificial intelligence offerings, known as Apple Intelligence, which will be integrated into the company's operating system updates later this year. The AI capabilities include a major upgrade for Siri, Apple's digital assistant. While Apple's entry into the AI race has excited investors, many of the new features demonstrated by Apple appear similar to those already offered by Microsoft and Google. It is unclear how Apple plans to generate additional revenue from its AI services, and the cost of its OpenAI partnership is also unknown. Apple's AI strategy is likely to place a strong emphasis on its hardware products.
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