Fractal on March 19 announced that it has made a strategic investment of $20 million into one of its product companies, Asper.ai, an AI platform for consumer goods and manufacturing.
The funds will be used for Asper’s next phase of growth, by scaling product development and expanding enterprise customer base globally.
Pranay Agrawal, Co-Founder and CEO, Fractal, said, "Asper has demonstrated exceptional growth and innovation in just three years. We are thrilled to continue our partnership with Asper's team to drive the next phase of growth."
Asper.ai Co-founder & CEO, Mohit Agarwal added, "Last 3 years have been a thrilling and rewarding journey of building an AI platform in midst of all the tech innovation. Consumer goods leaders need more than AI—they need an ally that scales with their operations, speaks their language, and turns data into actionable decisions.”
“This investment from Fractal further enables us in building our autonomous growth AI platform, attract experienced talent, and expand our product offerings to meet the growing demand for cutting-edge AI platforms," he added.
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