Analytics Vidhya announces USD 5.5 million strategic investment from Fractal, aims to train half a million full stack AI professionals
Analytics Vidhya the world’s largest analytics and data science community of a million registered users, announced that it has secured $5.5 million investment from Fractal (fractal.ai), as it forges ahead in bringing industry co-created, application-oriented learning programs in data science, machine learning and data engineering.
“We are super excited about our partnership with Fractal. This investment helps us scale our offerings, bring high-quality industry-oriented content, and offer superior value to our community. The partnership propels us further in our mission to create next generation data professionals across the globe. Together with Fractal, we aim to train half a million full-stack AI professionals in 5 years,” said Kunal Jain, Founder & CEO of Analytics Vidhya.
Globally, there has been a sharp rise in demand for AI and Engineering professionals, especially in the areas of machine learning and data engineering. According to the Dice 2020 Tech Job Report, data engineering was the fastest-growing career option in technology in 2019.
“Covid-19 and the associated sharp increase in the need for AI-led digital transformation has exacerbated the existing talent scarcity in machine learning, data science and analytical problem solving,” said Srikanth Velamakanni, Co-Founder, Group Chief Executive and Vice Chairman, Fractal. “Kunal and the team at Analytics Vidhya have built an active, engaged community of data science professionals and enthusiasts. Our partnership will meet the world’s demand for high-quality industry-ready AI talent.”
“Companies are facing a severe shortage of industry-ready talent who can solve real-world AI problems. In partnership with Analytics Vidhya, we are building a new talent supply-chain for Fractal and for the broader AI community,” said Natwar Mall, Chief Technology Officer (CTO), Fractal.
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