– Earlier this year, Fractal announced Series B fundraise for its AI health-tech startup, Qure.ai

NEW YORK, Oct. 5, 2020 /PRNewswire/– Fractal, (fractal.ai), a global leader in artificial intelligence and analytics for powering decisions in Fortune 500 companies, today announced that one of its subsidiaries, Theremin.ai, has raised funds from OLMO Capital.  The funds will be used for building its algorithmic investment product and for expanding its talent.

Founded in early 2019, Theremin.ai uses deep reinforcement learning to drive quantitative investment strategies for the Indian and Asian capital markets. Theremin’s cutting-edge technology platform identifies unique alpha investment opportunities in financial markets incorporating both conventional and alternate data sources.

“Theremin.ai’s focus is to generate high-value alpha investment strategies and hence there is a need for large datasets, exhaustive research, and specialized talent. This round of financing will help us to continue investing in these areas”, said Hemant Kothavade, Founder & CEO, Theremin.ai.

“We set up Theremin.ai to test whether our algorithms could find signals in a nearly perfect capital markets context and we are encouraged by the results”, said Srikanth Velamakanni, Co-founder, Group Chief Executive, and Vice Chairman at Fractal. “We are excited about two of our AI product businesses (Qure.ai and Theremin.ai) raising external equity financing during this extraordinary year. It validates our approach of finding great entrepreneurs within and outside Fractal and building AI businesses with them while staying consistent with our mission of powering human decisions with AI”.

“We are very excited to partner with Theremin.ai, who are transforming the way investment decisions are being made today. We believe not much innovation has happened in this regard in the Indian and Asian capital markets, and there is a tremendous potential to use AI to make better informed and high-performance Investment strategies”, said Gulu Mirchandani Chairman, OLMO Capital. “Theremin.ai has the right team and capabilities to capitalize on the situation, and we are glad to partner with them to help accelerate their work in this space.”, added Gulu Mirchandani.

“Fractal’s Ideas2Business initiative is focused on fostering cutting-edge ideas and innovation that help in creating new and market-ready AI-based digital products, platforms and solutions. Our spin-outs of Theremin.ai and Qure.ai are testaments to the success of this program”, said, Satish Raman, Chief Strategy Officer, Fractal. He added, “Cuddle.ai and Eugenie.ai are two other AI products that we believe will soon take the same route, even while we have many others in the early stages, which we will bring to the market.”

Fractal’s Ideas2Business program currently includes over eight software solution platforms and four AI companies.  The AI companies include 1) Qure.ai, which uses AI & deep learning techniques to provide an automated interpretation of radiology scans like X-rays, CTs, and MRI scans. Recently, Qure.ai received FDA®approval for one of its products and raised $16 million from Sequoia Capital and Mass Mutual Ventures, 2) Theremin.ai which deploys deep reinforcement learning algorithms to identify unique alpha investment opportunities in financial markets. 3) Cuddle.ai, an AI-powered decision co-pilot that helps surface insights from data through nudges and predictive inputs, and helps business leaders make better and quicker decisions every day, and 4) Eugenie.ai, which has two products that enable businesses to spot, explore and exploit anomalies and patterns that have bottom-line impact.

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500 companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, and Eugenie.ai to find anomalies in high-velocity data.

Fractal has more than 1,700 employees across 16 global locations, including the United States, UK, Ukraine, India, and Australia. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in the Customer Analytics Service Providers Wave™ 2019 by Forrester Research, and recognized as an “Honorable Vendor” in 2019 magic quadrant for data & analytics by Gartner. For more information visit fractal.ai

Fractal has previously featured in India’s Great Places to Work list for 2016, 2017, and is a certified Great Place to Work for 2018, 2019, and 2020

MUMBAI, India, Sept. 25, 2020 /PRNewswire/ – – Fractal (fractal.ai), one of the largest global providers of AI to Fortune® 500 companies, today announced that it has been recognized among India’s Top 100 Best Workplaces for Women in 2020 by Great Place To Work® Institute.

Great Place to Work® Recognition is one of the most prestigious and credible employer brand recognition programs in the world. This award recognizes Fractal’s efforts in building a high trust and inclusive culture.

Fractal’s culture stands on the pillars of trust, transparency, and freedom, which naturally promotes a psychologically and emotionally healthy workplace, encourages an inclusive mindset, and enables learning & development opportunities across all levels in the organization. This provides for a nurturing environment for all forms of diversity, and especially for women.Fractal’s culture stands on the pillars of trust, transparency, and freedom, which naturally promotes a psychologically and emotionally healthy workplace, encourages an inclusive mindset, and enables learning & development opportunities across all levels in the organization. This provides for a nurturing environment for all forms of diversity, and especially for women.

In this study, 852 organizations participated across 17 industries. Earlier this year, Fractal was also declared Great Place to Work – Certified™ in India for the fifth consecutive time. Fractal has also been rated in the Top 100 companies to work for in 2016 and 2017 by the Great Place to Work® Institute.

“I am thrilled to see Fractal recognized as a Great Place to Work for women,” said Rajeswari Aradhyula, Chief People Officer at Fractal. “We do our best work when we bring our whole selves to work. Fractalites of all genders experience a psychologically safe environment, and we have always known that we can meet our full potential here. We are grateful for this recognition.”

“Over the years, we have built a high trust culture at Fractal – a radically transparent, client-centric and people-oriented organization. As Fractal grows further in global prominence, our focus on diversity and inclusion will lead to better problem-solving for clients and create an institution that can stand the test of time,” said Srikanth Velamakanni, Co-founder, Group Chief Executive & Vice-Chairman at Fractal, on this occasion.

“We go above and beyond in serving our clients and taking exceptional care of our people. In these challenging times of the pandemic, it becomes even more important to foster a culture of empathy, respect, and inclusion. This recognition is a testament that we are on the right track,” said Pranay Agrawal, Co-founder & CEO, Fractal.

Speaking of her experience, Neha Singh, Client Partner, Technology at Fractal, said, “I want to congratulate everyone at Fractal for this recognition. Personally, for me, Fractal has been an amazing organization. I have grown as a professional, have been given the freedom to chart my path, have asked questions, debated fearlessly, and made friends along the way. Being a mother to a toddler, life is not easy, but Fractal has given me the flexibility to figure out my schedule. There aren’t many organizations that allow this”.

About Fractal

Fractal is one of the most prominent players in the artificial intelligence space. Fractal’s mission is to power every human decision in the enterprise and uses the power of AI to help the world’s most admired Fortune 500 companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, and Eugenie.ai to find anomalies in high-velocity data.

Fractal has more than 1,500 consultants spread across 15 global locations, including the United States, UK, and India. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in the Specialized Insights Service Providers Wave™ 2020 by Forrester Research, and recognized as an “Honorable Vendor” in 2020 magic quadrant for data & analytics by Gartner. For more information, visit fractal.ai

MUMBAI: The BMC has set up a high-tech “war room” with a track-and-trace mechanism to contain and monitor Covid-19 cases and those who may require to be quarantined, with the help of private companies.

The BMC has tied up with online pharmacy firm PharmEasy, consultancy firm McKinsey and artificial intelligence company Fractal Analytics for better monitoring and tracking of patients to avoid instances of people ignoring self-isolation or quarantine. Pilot runs of the mechanism have been rolled out from Seven Hills Hospital and, if successful, will be implemented across the state, said sources.

The government has expanded healthcare infrastructure with quarantine facilities for suspected cases at Seven Hills and Kasturba hospitals to treat confirmed cases.

BMC decided to roll out the track-and-trace mechanism to get information on suspected Covid-19 carriers, find them, follow up for updates and check if they have developed any symptoms and ensure they do not come in contact with others, it said in a notification.

“We, along with our partners, are helping the BMC with a digital platform which will help collect, collate and analyze data on patients when they test positive, or when they are asked to self- quarantine or isolate themselves. The data will help the authorities tag these patients and monitor them with follow-ups as required. This is part of our corporate social responsibility,” PharmEasy co-founder Dharmil Sheth told TOI.

The software is also being used by the online pharmacy firm, which has 3,000 doctors on its platform and is accessible at 22,000 pin codes across the country.

The digitization is part of the war room activities to generate reports and insights which can be used by police and municipal authorities to take appropriate measures in order to contain Covid-19 outbreak and prevent more cases.

“We will do data digitization. McKinsey project management and Fractal will provide data analytics and insights. The data will be collected at testing centres or quarantine centres,” he added.

The new partnership combines the power of Fractal’s AI with Nielsen’s industry-leading data for CPG industry to create greater value for clients

NEW YORK, March 4, 2020 /PRNewswire/ — Fractal (https://fractal.ai), a global leader in artificial intelligence and analytics, today announced it has joined the Nielsen Connect Partner Network, the industry’s largest open ecosystem of technology-driven solution providers for retailers and manufacturers in the consumer packaged goods (CPG) industry. Available through Nielsen’s Global Connect Business, the new relationship expands the reach of Fractal’s offerings to Nielsen’s clients, and leverages Nielsen data to further strengthen Fractal’s current capabilities as a leading provider of artificial intelligence and analytics solutions for the world’s largest and most admired Fortune 500 companies.

“Our AI technology and globally-recognized team of experts empower organizations all over the world to realize and maximize their full potential,” said Amitabh Bose, Chief Practice Officer, CPG, Retail & Hospitality at Fractal. “Our suite of products and our AI business applications that help clients solve problems via data harmonization, data visualization, natural language query processing, forecasting and supply chain management will be well positioned with the addition of Nielsen’s deep and rich data.”

“As AI increasingly advances beyond a buzzword to driving business value, our clients require access to an array of powerful options,” said Susan Dunn, President, U.S. Sales, Nielsen. “We are pleased to welcome Fractal, a prominent player in the AI and digital transformation space, into the Nielsen Connect Partner Network. With the power of their AI, along with our data and technology, we will collaborate on specific use cases to transform the world of enterprise decision-making and shape a smarter market for the retail and CPG industry.”

Since launching in 2016, the Nielsen Connect Partner Network has been instrumental in driving business value for more than 175 unique Nielsen clients by simplifying industry collaboration and providing more relevant and accurate results from partners that better align to the way clients measure their business. Click here for additional information on Nielsen’s Connect Partner Network.

About Fractal

Fractal is a prominent player in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and use the power of AI to help the world’s most admired Fortune 100 companies.

Fractal’s product businesses include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions and Eugenie.ai to find anomalies in high-velocity data.

Fractal has consistently been rated as India’s best companies to work for by The Great Place to Work [®] Institute. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2019 by Forrester Research and recognized as an “Honorable Vendor” in 2019 magic quadrant for data & analytics by Gartner. For more information: www.fractal.ai

Fractal, along with ideaForge, is at DEFEXPO2020

MUMBAI, Feb. 4, 2020 /PRNewswire/ – – Fractal (https://fractal.ai), a global leader in artificial intelligence and analytics, powering decision-making in Fortune 100 companies, has announced a technology partnership with ideaForge (https://www.ideaforge.co.in) – a global leader in Unmanned Aerial Vehicle (UAV) Technology. Both organizations will join hands to provide Artificial Intelligence-based drone solutions useful for crowd monitoring, people & objects detection, object tracking and triggering alerts for actions. Fractal and ideaForge will showcase their solution at DEFEXPO 2020 in Lucknow, Uttar Pradesh from February 5 – 9, 2020.

Fractal’s image and video analytics solutions will analyze real-time video feed from ideaForge drones and generate insights in real-time, helping make tactical as well as strategic decisions. This capability can be deployed in multiple scenarios to detect, recognize and track objects & people. Some of the impactful use cases that will be possible to deploy at scale are anti-terror operations, border security, counterinsurgency, crowd monitoring, forest & wildlife conservation and traffic management to name a few.

“We are thrilled to partner with ideaForge to provide AI-enabled drone solutions,” said Sandeep Dutta, Chief Practice Officer – APAC at Fractal. “Drones are expanding the boundaries of what security, surveillance and enforcement teams can achieve and ideaForge is a market leader in drone technology. Fractal’s Image and Video Analytics platform will bring deep learning Artificial Intelligence technology to analyze the drone feed and detect anomalies & threats in real-time without any human intervention and with greater efficiency and impact.”

Speaking on the partnership, Ankit Mehta, CEO – ideaForge said, “Our drones provide critical on-ground situational awareness to our security forces that empower them to make informed decisions. Our high-resolution drone feed and Fractal’s Image & video analytics solution to analyze the feed will be immensely useful in various surveillance scenarios, especially to defence and homeland security forces. We are delighted to be partnering with Fractal to offer AI-powered drone solutions -a first in real-time aerial surveillance. ”

Fractal offers a wide range of image and video analytics solutions to clients using proprietary AI-enabled algorithms that can be rapidly deployed on edge or cloud platforms seamlessly. The platform provides various out-of-the-box algorithms for solving complex machine-vision problems and provides the ability to build highly customized solutions to fit client needs. Fractal’s Image and Video Analytics solutions are being used by various Indian Defence organizations.

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and uses the power of AI to help the world’s most admired Fortune 100 companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions and Eugenie.ai to find anomalies in high-velocity data.

Fractal has consistently been rated as India’s best companies to work for by The Great Place to Work® Institute. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2019 by Forrester Research and recognized as an ‘Honorable Vendor’ in 2019 magic quadrant for data & analytics by Gartner. For more information: www.fractal.ai

About ideaForge

Built on a strong foundation of interdisciplinary engineering, ideaForge has become a global leader in UAV technology. Its drones offer class-leading performance and reliability, and have been widely adopted for defence, homeland security and enterprise applications. In India, ideaForge has over 90% market share in the security and surveillance market of homegrown drones. It manufactures world-class UAVs under 5 product lines – SWITCH UAV, NETRA V Series UAV, Q Series UAV, NINJA UAV and NETRA Pro.

The organization has deployed over 700 systems and has trained over 1300 pilots in services including Indian Army, Indian Navy, Indian Air Force and Police Forces of several Indian states. ideaForge has a diverse list of enterprise customers as well in sectors such as construction & heavy engineering, power & utilities, transport and logistics, mining and many more.

As a partner of AWS, Fractal is co-presenting with Office Depot at NRF 2020 Vision

NEW YORK, Jan. 13, 2020 /PRNewswire/ – Fractal (https://fractal.ai), a global leader in artificial intelligence and analytics, powering decision-making in Fortune 100 companies, announced today that they are a Certified Retail Competency Partner of Amazon Web Services (AWS). As an AWS Certified Retail Competency Partner, Fractal will co-present with Office Depot at the National Retail Federation’s (NRF) 2020 vision event , taking place at the Javits Center in New York City, January 11-14.

Fractal and Office Depot will jointly present on retail technologies enabling customer centricity and growth, using AI and Machine Learning solutions to help retailers make decisions around customer segmentation, next best action, customer churn and more, giving attendees a closer look at the company’s latest innovations.

The AWS Retail Competency status differentiates Fractal as an AWS Partner Network (APN) member that delivers highly specialized technical proficiency with deep AWS expertise, and delivers solutions seamlessly on AWS. AWS Retail Competency Partners undergo rigorous validation by AWS to ensure alignment to AWS’ best practices for building the most secure, resilient and highest-performing cloud infrastructure for industry applications, giving customers increased confidence when making decisions.

“Fractal has been focused on transforming the retail business for some time now. We are thrilled to be recognized as a Retail Competency Partner by Amazon Web Services,” said Amitabh Bose, Chief Practice Officer at Fractal. “AWS is the market leader in cloud computing platforms and well penetrated in the retail sector. This acknowledgment and our strategic partnership with AWS will help us drive significant value for our retail clients by solving their business problems at scale.”

Fractal offers a wide range of retail-focused solutions in areas including personalization, marketing effectiveness, supply chain, promotions optimization, shrink management, and more, which can be deployed either on-premise or through deployed cloud systems. With these solutions, Fractal has helped deliver successful top-line and bottom-line impact for various Fortune-100 retailers.

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and uses the power of AI to help the world’s most admired Fortune 100 companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions and Eugenie.ai to find anomalies in high-velocity data.

Fractal has consistently been rated as India’s best companies to work for by The Great Place to Work® Institute. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2019 by Forrester Research and recognized as an “Honorable Vendor” in 2019 magic quadrant for data & analytics by Gartner.

For more information: www.fractal.ai