Fractal, a global provider of enterprise AI solutions and services to Fortune 500 companies, has announced a $20 million strategic investment in one of its product companies, Asper.ai, an AI for growth platform for consumer goods and manufacturing.
The funding aims to power Asper’s next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe.
Pranay Agrawal, Co-Founder and CEO, Fractal, said, “Asper has demonstrated exceptional growth and innovation in just three years. We are thrilled to continue our partnership with Asper’s team to drive the next phase of growth. The phased investment will fuel Asper’s vision, unlocking new opportunities for enterprise customers.”
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Asper.ai Co-founder & CEO Mohit Agarwal said, “Last three years have been a thrilling and rewarding journey of building an AI platform in midst of all the tech innovation. Consumer goods leaders need more than AI—they need an ally that scales with their operations, speaks their language, and turns data into actionable decisions. This investment from Fractal further enables us in building our autonomous growth AI platform, attract experienced talent, and expand our product offerings to meet the growing demand for cutting-edge AI platforms”.
Fractal’s other businesses include Flyfish, a GenAI platform for search & product discovery, and Analytics Vidhya, one of the world’s largest data science community.
Fractal also incubated Qure.ai, a healthcare AI player for identification and care of Tuberculosis, lung cancer and stroke. Fractal currently has over 5,000 employees across 18 global locations, including the USA, Canada, UK, Netherlands, Ukraine, India, Singapore, South Africa, UAE and Australia.
