Friday, 24 March, 2023

Fractal receives $360M investment from TPG

<p>AI tech startup Fractal received a $360M investment from private equity firm TPG. The share purchase deal will close by Q1 2022, following which Apax will continue to remain a major shareholder of the startup. The startup was weighing options including an IPO or a private investment that would value the startup at more than $1B, according to Bloomberg News. Fractal has 3.5K+ employees and is spread over 16 locations around the globe.<br /> &nbsp;</p>