AI powered unicorn Fractal acquires US based Neal Analytics
- ByTejika Bajaj | January 12, 2022
The AI and data analytics startup Fractal has recently announced that it has acquired US based Neal Analytics for an undisclosed amount. This announcement comes just a week after Fractal attained a unicorn status following a funding round worth $360 million.
Expressing his views about the recent acquisition, the Co-founder and Chief Executive at Fractal, Srikanth Velamakanni stated, “We are thrilled to be partnering up with Dylan and his supremely talented team at Neal Analytics. They have constructed a peculiar client-centric, people-oriented culture and have a remarkable track record of solving as well as scaling various engineering challenges, especially on the Microsoft platform, for marquee clients. This association would allow us to accelerate our ability to power data-driven decisions end-to-end for our Fortune 500 clients.”
The recent acquisition would enable the AI powered unicorn to strengthen its AI engineering competencies and cloud-first offerings on Microsoft’s multi-cloud ecosystem. Furthermore, this association would allow the startup to scale its AI capabilities, power out decisions and expand geographically thus marking a strong presence in the Pacific Northwest, Canada and India.
Talking about the recent partnership between the two brands, Dylan Dias, CEO, Neal Analytics, said, “This is the successful culmination of a thorough, year-long process. Our goals were to find the best long-term home for Neal’s 200+ employees, a platform to scale faster, and the ability to play a bigger role in this fast-accelerating space. Fractal was a clear choice. Our culture and vision are 100% aligned. This is an exciting opportunity to empower our people and work alongside like-minded practitioners to transform businesses with cloud, data, and AI. It will enable Neal Analytics and Fractal to grow and achieve more together.”
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