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Reuters UK
Reuters UK
(Reuters) – 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. The share purchase deal will close by the first quarter of this year, following which Apax will continue to remain a major shareholder of the startup. Co-founded by Srikanth Velamakanni and Pranay Agrawal in Mumbai in 2000, New York-h…