Latest news with #SrikanthVelamakanni
The Wire
29-07-2025
- Business
- The Wire
Fractal Launches Cogentiq, an Agentic AI Platform to drive Enterprise Performance
MUMBAI, India, July 29, 2025 /PRNewswire/ -- Fractal ( a global provider of artificial intelligence solutions to Fortune® 500 enterprises, today announced the launch of Cogentiq, an innovative agentic AI platform designed to translate AI excitement into measurable enterprise performance. Cogentiq accelerates product development and enhances operational agility through pre-built agents, intuitive tools, seamless connectors, and robust governance - all integrated within a powerful low-code framework. Despite enthusiasm around AI, enterprises often struggle to translate potential into tangible results. Traditional analytics and automation tools remain constrained by data silos, rigid workflows, and dependence on technical expertise - limiting the speed and effectiveness of decision-making. Cogentiq bridges this gap, going beyond passive analytics to enable decision-making. Its intelligent agents integrate data across systems, analyze information contextually, and autonomously initiate actions, transforming how enterprises engage with customers, manage operations, and drive growth. Early deployments of Cogentiq have already delivered results across sectors like healthcare, insurance, and consumer packaged goods ("CPG"). For example, a major healthcare provider used Cogentiq to fully automate contact center auditing, reducing call duration and enhancing member experiences - achieving operational efficiency and high ROI. "The excitement around AI is undeniable, yet most enterprises struggle to convert this enthusiasm into sustained performance," said Srikanth Velamakanni, Co-founder, Group Chief Executive, and Vice-Chairman of Fractal. "Cogentiq represents the future of AI - where intelligent agents actively think, plan, and act within real-world business scenarios. It moves beyond traditional dashboards to embed intelligence directly into daily workflows, accelerating decisions. This means enterprises can now move from actionable intelligence to intelligent actions." Key features of the Cogentiq platform include: SME-Friendly Agent Builder: Empowers subject matter experts ("SME") with a low-code/no-code environment to create and deploy tailored AI agents - democratizing AI across the enterprise. Unified Data Integration: Comprehensive connectors for structured and unstructured data eliminate silos, enabling holistic and real-time insights. Pre-Built Domain Intelligence: Specialized agents tailored for key business functions, including finance, HR and supply chain, accelerating deployment and accuracy. Flexible, Future-Proof Architecture: Cloud-agnostic and compatible with diverse large language models ("LLM"), ensuring enterprises benefit from advancements without vendor lock-in. Enterprise-Grade Security and Compliance: Robust governance framework, secure authentication, and role-based access controls ensures safe, ethical, and compliant AI operations. "Enterprises today are navigating a world rich with data, but what sets us apart is the ability to not just derive insight but act on it, instantly and logically. Cogentiq enables business users to move past static dashboards, to understand the 'why' behind the 'what', and trigger autonomous actions in real-time. With no code and no dependencies from customer support to field sales, businesses can build logical workflows, accelerate decisions and unlocking measurable impact," said Pranay Agrawal, Co-founder and CEO of Fractal US. About Fractal Fractal is a globally recognized Enterprise AI company with a vision to power every human decision in the enterprise. Fractal's suite of businesses includes (enabling interconnected decisions for revenue growth) and Analytics Vidhya (one of the world's largest data science communities). Fractal incubated a global healthcare AI leader enhancing the rapid identification and management of tuberculosis, lung cancer, and stroke. Fractal's dedicated AI research team is focused on foundational AI advancements, including knowledge-based foundational models, reasoning-based systems, and agentic systems. The team has launched successful products such as and the open-source reasoning model Fathom-R1-14B. Fractal employs over 5,000 professionals across 18 global locations, including the United States, Canada, UK, Netherlands, Ukraine, India, Singapore, South Africa, UAE, and Australia. It has consistently earned recognition as one of India's Best Companies to Work For (Top 100, 2025), a 'Great Workplace' for eight consecutive years, and among 'India's Best Workplaces for Women' for five years running by the Great Place to Work® Institute. Fractal was also named a Leader in the 2025 Forrester Wave™ for Customer Analytics Service Providers and earned leadership positions in the Everest Group Peak Matrix Assessment 2025 for AI and Analytics Services, and Information Services Group's 2024 assessments for Data Engineering and Data Science Services. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Entrepreneur
16-07-2025
- Business
- Entrepreneur
Fractal Analytics Raises USD 170 Mn in Secondary Sale
The transaction values the company at USD 2.44 billion. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fractal Analytics, a global provider of artificial intelligence and advanced analytics solutions, has secured USD 170 million through a secondary share sale. The transaction values the company at USD 2.44 billion. According to a report by the Economic Times, Apax Partners sold 6 percent of its stake to 22 investors, including Trust Investment Advisors. This development comes as Fractal prepares for its initial public offering, aiming to raise between USD 400 million and USD 500 million at a projected valuation of USD 3 billion. The company has appointed Morgan Stanley, Kotak Securities, and Axis Securities to manage the public issue and is working towards filing its draft red herring prospectus. Founded by Srikanth Velamakanni and Pranay Agrawal, Fractal has emerged as a global player in areas such as machine learning, computer vision, quantum computing, and cognitive automation. Nearly 70 percent of its revenue is generated from the United States. Fractal recently expanded into the Generative AI segment with products including Fractal GPT, Flyfish (a digital sales advisor), and Arya (a data science agent). It also launched in 2024, India's first multilingual text-to-image model. Earlier this year, the company invested USD 20 million in a platform focused on driving growth for consumer goods and manufacturing sectors. To date, Fractal has raised approximately USD 855 million, including a USD 360 million round that led to its unicorn status. In fiscal year 2024, the company's Indian unit reported revenue of INR 2,196 crore and a loss of INR 54.7 crore. Fractal employs over 5,000 people across 18 countries, including the USA, UK, India, Singapore, and Australia.
Mint
04-07-2025
- Business
- Mint
Fractal Analytics to file draft papers by mid-August for $500 million IPO
Mumbai: Fractal Analytics is preparing to file draft papers for a $500 million public listing over the next five to six weeks at a valuation exceeding $3 billion, two people familiar with the matter told Mint. 'A bulk of the issue will have an offer-for-sale component under which existing investor Apax Funds will look to part sell its six-year-old stake in the company,' one of the people said. The person added that TPG may also consider a small stake sale on its three-year-old bet in the company. The second person said that the draft papers will be filed by the second week of August, with the listing expected by the end of this financial year. Fractal did not immediately respond to Mint's requests for comment. TPG and Apax Funds declined to comment. The company has hired Morgan Stanley, Kotak Mahindra Capital, and Axis Capital to manage the issue, according to a report by The Economic Times. The Mumbai-based analytics firm had first planned to go public in 2021 but deferred its plans amid weak market conditions. Over the past year, several other companies have also delayed initial public offerings (IPOs), recalibrated their valuations, and downsized issue sizes in response to changing market sentiment. For instance, Ather Energy trimmed its IPO size to just over ₹ 2,600 crore at the time of listing, down from an initial target of ₹ 3,100 crore. Its valuation also fell to $1.4 billion from a previous target of $2 billion. If it goes ahead as planned, Fractal will join a growing list of startups including Meesho, Wakefit, Shadowfax, Curefoods, PhysicsWallah, Shiprocket, Urban Company, Boat, Groww, Pinelabs, and Capillary Tech that have filed draft papers in recent weeks. Others such as Inframarket, Ofbusiness, Moneyview, Kissht, and Turtlemint are also expected to follow soon. The spurt in activity signals a rebound in India's IPO market, as easing global uncertainty revives investor appetite and boosts confidence among issuers. In FY24, Fractal reported consolidated revenue of ₹ 2,196 crore, a 10.6% increase from ₹ 1,985 crore the previous year. However, it posted a net loss of ₹ 54.7 crore, compared to a net profit of ₹ 194 crore in FY23, as per its annual report. Founded in 2000 by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan, and Ramkrishna Reddy, Fractal provides AI-driven data solutions to clients across consumer goods, retail, financial services, and insurance. Its customer base includes around 150 Fortune 500 companies such as Google and Wells Fargo. Its target group includes companies with either $20 billion in market capitalization or $10 billion in revenues, or those with at least 30 million customers. The company says it allocates about 10–12% of revenues toward research and development. Over the past few years, Fractal has raised over $600 million from investors including TA Associates, TPG, and Malaysia's Khazanah Nasional Berhad through primary and secondary transactions, according to data from Tracxn. In 2016, Khazanah invested $100 million at a $300 million valuation. Fractal entered the unicorn club six years later after a $360 million investment from TPG. The company also incubates and spins off ventures. One such business is healthcare startup which raised funds from Sequoia Capital (now Peak XV Partners) in 2020. Fractal exited its 36.2% stake in at a value of ₹ 541 crore in FY23, boosting its bottom line that year.
Entrepreneur
29-06-2025
- Business
- Entrepreneur
We see Agentic AI as a Once-in-a-Lifetime Opportunity: Srikanth Velamakanni
With a team of more than 5000 professionals worldwide, Fractal has also built cutting-edge AI platforms such as which applies AI to assist people in medical diagnosis and Kaleido, India's first text to image diffusion model You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Tech 25: Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice Chairman of Fractal Fractal Analytics was founded in 2000 with a vision to empower organisations through data-driven decision-making. At a time when analytics was still nascent, Fractal believed in the transformative potential of data and AI to solve complex business challenges. Over the years, Fractal has evolved into a global AI powerhouse, serving over 100 Fortune 500 companies across sectors. Fractal first started looking at AI in 2010, when AI research had started seeing some results with speech analytics. The company started Fractal Sciences, an R&D division in 2011, to work on AI products spending about 13 per cent of annual revenue on R&D. As technology progressed, Fractal incubated AI companies within its fold, starting with in 2015 under a newer entity, Fractal Alpha, and focused on building AI products for industry-specific use cases. Fractal Alpha includes companies that are incubated by Fractal, like Crux Intelligence, and With a team of more than 5000 professionals worldwide, Fractal has also built cutting-edge AI platforms such as which applies AI to assist people in medical diagnosis and Kaleido (India's first text to image diffusion model). "India stands at a pivotal moment, ready to lead the next wave of AI innovation. But to truly harness this potential, businesses must double their investment in technology. Today, Indian companies spend just 2-3 per cent of their revenue on tech. This needs to increase significantly to fully capitalize on AI's promise. At Fractal, we are committed to driving this transformation by building high-quality AI products that address India's unique needs," says Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice Chairman of Fractal. Recently, Fractal AI's Project Ramanujan introduced a groundbreaking reasoning system to enhance the capabilities of large language models (LLMs) by integrating deep mathematical reasoning, enabling it to tackle complex tasks such as Olympiad-level mathematics and strategic games like chess. Looking ahead, Velamakanni says Fractal plans to introduce Cogentiq, an agentic AI platform for B2B applications, and Ramanujan, an advanced AI model for reasoning and coding. Additionally, the company is developing Project Pioneer, a multi-agent AI system designed for real-world applications like software development. Today, Fractal is making a bold bet on agentic AI. "Today, our revenues come from AI systems that power enterprise decisions, and many of these systems are now evolving to become agentic. We see this as a once-in-a-lifetime opportunity to reimagine every business process with AI, from marketing and customer service to trade finance and healthcare," says Velamakanni. Asked what is one of the biggest challenges businesses face today, Velamakanni says it is building sustained trust in a rapidly evolving, tech-driven landscape. As AI and data become central to decision-making, clients and consumers alike are more cautious about how their data is used, how transparent the models are, and whether the solutions are genuinely adding long-term value or simply riding a hype wave. "Overcoming this requires more than just technical excellence. It calls for a culture of responsibility, deep domain empathy and an unwavering commitment to outcomes, not just outputs," he says. Company facts:
Time of India
24-04-2025
- Health
- Time of India
Fractal proposes indigenous AI medical models to improve healthcare
HYDERABAD: IPO-bound Fractal Analytics submitted a proposal to the IndiaAI Mission to build indigenous medical foundation models aimed at improving healthcare accessibility , medical education, and clinical decision support. Srikanth Velamakanni, co-founder of Fractal Analytics, said the estimated cost of the project would be around Rs 150 crore. Fractal proposed building a comprehensive family of foundation models—from base language models to specialised medical reasoning systems with multimodal capabilities to advance AI in healthcare, aimed at transforming the medical landscape. "The PG NEET test is taken by 200,000 people every year. Indian doctors take it annually for their post-graduation in medicine. On that test, we scored 83, which is our benchmark. All the other open-source models we accessed scored much less than that. We launched Vaidya AI to elevate it to the next level by building India's biggest breakthrough medical model," Velamakanni Mumbai-based company developed India's first multimodal medical assistant, which outperformed frontier language models like GPT-4o, Gemini, and Llama 3.2 on the PG NEET benchmark. Trained extensively with more than 650,000 images and 200,000 text samples, exhibits proficiency in processing various Indian languages, such as Hindi, Kannada, Tamil, and Telugu. Fractal's proposal said that multimodal reasoning systems possess the capability to recognise patterns of symptoms, enhancing diagnostic assessments through analysis and verification across X-rays and CT scans. These systems function by validating signals between different modes of data collection, such as establishing connections between minute features of lung nodules visible in CT scans, alterations in respiratory measurements from wearable devices, and descriptive information documented in clinical records. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo India's healthcare system demonstrates a pressing need for technological advancements. The disparity in healthcare access is particularly evident in rural and semi-urban regions, where the ratio of doctors to patients surpasses 1:1,500, significantly higher than the WHO's recommended standard of 1:1,000. He said the medical reasoning model supports doctors and patients with diagnosis and health-related questions. "The model can aid medical reasoning. It can assist a doctor in reaching a diagnosis. It could help a patient understand their symptoms or determine what their side effects might be. It can also provide guidance on what nutrition they should follow." The tech roadmap has two phases, with the first one incorporating a foundational language model trained from scratch on 18T tokens, STEM content, coding, and educational material. It also includes a multimodal foundation integrating the vision encoder with the language model. The second phase includes meta-cognitive abilities, self-reflection, and expert-level medical reasoning capabilities. Velamakanni said Fractal has an extensive collection of educational materials, including PG NEET and MBBS examination books covering the five-year medical programme. The dataset underwent thorough preparation through text standardisation, medical term identification, and contextual parsing before being utilised to calibrate Vaidya, ensuring its foundation in reliable, examination-focused medical knowledge and clinical analysis. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
