Fractal Analytics to Invest Heavily in AI R&D Before IPO

Fractal Analytics, an Indian AI firm, plans to maintain substantial R&D spending, even before its IPO. With a focus on staying competitive, the company, which helps businesses make AI-driven decisions, has consistently allocated around 6% of its budget to R&D. Currently, Fractal generates over 65% of its revenue from U.S. clients, including tech giants like Microsoft, Apple, and Amazon. The company aims to raise $554 million in its IPO, hoping to pave the way for other Indian AI firms to secure funding.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.