Fractal, a global provider of enterprise AI solutions and services to Fortune 500® companies, announced a $20 million strategic investment in one of its product companies, Asper.ai, a purpose-built AI for growth platform for consumer goods and manufacturing. The funding aims to power Asper’s next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe.
Speaking about the investment, 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. The phased investment will fuel Asper’s vision, unlocking new opportunities for enterprise customers.”
Asper.ai Co-founder & CEO, Mohit Agarwal said, “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.”
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Anuj Kaushik, Co-founder & Chief Commercial Officer, Asper.ai shared, “The market has responded well to our product capabilities. Building the capability in-house requires significant investment in AI talent, infrastructure, and ongoing model training, alongside deep domain expertise. Our platform eliminates these barriers, offering purpose-built vertically integrated AI solutions that delivers speed-to-value.”
SOURCE: PRNewswire
