About Fraction AI
Fraction AI is a company based in New York (United States) founded in 2023 by Rohan Tomar and Shashank Yadav.. Fraction AI has raised $6 million across 1 funding round from investors including Mask Network, NeW and Spartan Group. Fraction AI operates in a competitive market with competitors including Snorkel AI, DataLoop, Encord, Labelbox and Granica, among others.
- Headquarter New York, United States
- Founders Rohan Tomar, Shashank Yadav
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Seed
Dec 18, 2024
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Investors
Mask Network
& 17 more
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Employee Count
Employee Count
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Funding Insights of Fraction AI
Fraction AI has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $6.0M
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First Round
First Round
(18 Dec 2024)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Fraction AI | Valuation | Spartan Group , Symbolic Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fraction AI
Fraction AI has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mask Network, NeW and Spartan Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Advisory, venture capital, and startup services for blockchain are provided.
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Founded Year | Domain | Location | |
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Venture capital firm focused on investing in web 3 companies
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Founded Year | Domain | Location | |
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Venture capital funding and acceleration are provided to sector-agnostic startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fraction AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fraction AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fraction Ai Comparisons
Competitors of Fraction AI
Fraction AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Snorkel AI, DataLoop, Encord, Labelbox and Granica, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI development processes offering programmatic solutions
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| domain | founded_year | HQ Location |
Provider of an AI annotation and management platform
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| domain | founded_year | HQ Location |
Cloud based platform offering image and video analytics solutions
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| domain | founded_year | HQ Location |
Training data platform for AI applications is provided.
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| domain | founded_year | HQ Location |
AI efficiency platform for AI training
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| domain | founded_year | HQ Location |
Offers AI training data, annotation, and services for enterprise AI development.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Fraction AI
When was Fraction AI founded?
Fraction AI was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Fraction AI located?
Fraction AI is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Fraction AI a funded company?
Fraction AI is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Seed of $6M, raised on Dec 18, 2024.
What does Fraction AI do?
Fraction AI was founded in 2023 in New York, United States, within the AI and machine learning sector. A platform is operated to provide training data for AI projects. Data labeling services are delivered for annotated images, videos, text, and audio. Data solutions are supplied alongside a decentralized marketplace used for sourcing data from various contributors.
Who are the top competitors of Fraction AI?
Fraction AI's top competitors include DataLoop, Snorkel AI and Encord.
Who are Fraction AI's investors?
Fraction AI has 18 investors. Key investors include Mask Network, NeW, Spartan Group, Symbolic Capital, and Borderless.