Latest News | Fractal Invests USD 20 Million in Asper.ai

New Delhi, Mar 19 (PTI) Enterprise AI solutions provider Fractal on Wednesday announced a USD 20 million (about Rs 172 crore) strategic investment in its product company Asper.ai.

The funding is intended to drive Asper's growth by enhancing its product development capabilities and broadening its global enterprise customer base.

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"Asper has demonstrated exceptional growth and innovation in just three years. The phased investment will fuel Asper's vision, unlocking new opportunities for enterprise customers," Fractal co-founder and CEO Pranay Agrawal said.

Asper.ai co-founder and CEO Mohit Agarwal said the investment will enable Asper to build its autonomous growth AI platform, attract experienced talent, and expand product offerings to meet the growing demand for AI platforms.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)