Fractal
Supercharged version of Chrome that runs in the cloud.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | N/A | Seed | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 18 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Fractal, operating under the product name Whist, was established in 2021 by Philippe Noël and Scott Wu. The company's genesis lies in the founders' shared experiences with the resource-intensive nature of modern web browsers while studying at MIT. Noël, with a background as a quantitative researcher and software engineer at notable firms like Akuna Capital and Hudson River Trading, combined his expertise with Wu's, a decorated competitive programmer and former software engineer at Addepar. Their collaboration was born from a mutual desire to re-engineer the browsing experience, addressing the common frustrations of memory consumption and slow performance.
The company is developing a cloud-powered web browser designed to significantly enhance browsing speed and efficiency. It aims to serve a broad market of internet users who rely on multiple applications and tabs for their daily workflows, from individual power users to enterprise clients seeking performance gains and security enhancements. The core of Fractal's offering is a browser that offloads much of the processing and memory load to the cloud. This architecture allows users to load pages instantly and operate with a fraction of the local computer memory typically consumed by browsers like Chrome. A key feature is the complete privacy it offers, as the browsing sessions are isolated in the cloud.
Fractal's business model appears to be centered on a freemium or subscription-based service for its cloud browser product. The company successfully secured $5 million in a seed funding round. This initial capital was co-led by Goat Capital and Abstract Ventures, with participation from notable angel investors including the co-founder of Twitch, an early engineer at Palantir, and the former Chief Product Officer of Robinhood, signaling strong investor confidence in the venture.
Keywords: cloud browser, web performance, browser optimization, memory management, privacy, seed funding, MIT founders, competitive programming, quantitative research, browser technology