Fractal Analytics, an artificial intelligence and analytics firm, has filed for an initial public offering (IPO) in Mumbai. The IPO could value the company, which provides AI and analytics services across sectors like consumer goods, insurance, and healthcare, at over $3.5 billion.
Fractal was founded in 2000 and has grown to over 5,000 employees across 18 global locations. The company has a dual headquarters in Mumbai and New York City. Fractal provides AI and analytics services to Fortune 500 companies. Fractal has invested in Generative AI, with offerings like Fractal GPT and Kalaido.ai.
Prior to this IPO filing, Fractal raised $170 million through a secondary share sale, valuing the company at $2.44 billion. The IPO is expected to raise between $400 million and $500 million. The company intends to use the capital to expand its AI capabilities and for research and development.
