Artificial intelligence technology startup Fractal said on Wednesday it has received a $360 million investment from private equity firm TPG through its Asia focused investment platform.
TPG’s involvement in Fractal includes a mix of primary investment and a secondary share purchase from funds advised by buyout firm and existing investor Apax Partners.
Fractal was weighing options including an initial public offering or a private investment that would value the startup at more than $1 billion, Bloomberg News reported in July, citing an interview with Velamakanni.
Read more/Source: Reuters
