M&A

M&A

Analytics unicorn Fractal acquires US-based cloud engg firm Neal Analytics

Press Release  

Mumbai- and USA-based analytics unicorn Fractal has acquired Bellevue, WA (USA)-based cloud and data engineering company Neal Analytics. This is Fractal's seventh acquisition to date. Its other acquisitions include Mobius Innovations, Imagna Analytics, 41 Inc., Samya.AI, Zerogons, and FinalMile. Founded in 2011, Neal Analytics is a Microsoft Gold Consulting Partner with customers such as PepsiCo, Microsoft, Intel, Nvidia and Databricks. The company has over 200 employees working across the US, Canada, and India. This acquisition is expected to help Fractal strengthen its AI engineering capabilities and cloud-first offerings on Microsoft's multi-cloud ecosystem. Last week, Fractal had announced raising USD 360 million in a new round from TPG Capital Asia.