This week in AI: Fractal Analytics’ IPO, GitHub’s CEO exit
From AI unicorn Fractal Analytics filing its DRHP with SEBI to raise Rs 4,900 crore via an IPO to GitHub CEO Thomas Dohmke’s exit, AIStory brings a recap of major developments and emerging trends in the sector this week.
From AI unicorn Fractal Analytics filing its DRHP with SEBI to raise Rs 4,900 crore via an IPO to GitHub CEO Thomas Dohmke’s exit, AIStory brings a recap of major developments and emerging trends in the sector this week.
Here’s a list of key stories:
Featured news
Bengaluru startup Launch lets you build websites with plain English prompts
In a world where web development often acts as a barrier between ideas and execution, Launch wants to change the game. Founded by Prakash Sanker, the startup lets users build fully functional websites simply by typing in plain English.
“We’re not just generating front-end templates,” says founder Sanker, who previously has worked with large language models (LLM) in cybersecurity. “We’ve built an AI agent that actually generates usable, production-grade code—backend and all,” he tells YourStory. The idea for the product was conceived in 2022 and stayed in stealth mode while being developed and refined. It was finally launched in June 2025 after a pivot and final product readiness.
Latest news
Oracle lays off staff in India, US amid $500B AI expansion plan: Report
Oracle Corporation has initiated a new round of layoffs across multiple regions, including India, the United States, and Canada, as part of an ongoing restructuring process, as per media reports.
The job cuts are taking place alongside the company’s significant investment in artificial intelligence (AI) infrastructure, which includes participation in a $500 billion AI expansion project over the next four years.
Layoffs across key markets According to reports, the company has reduced approximately 10% of its workforce in India, affecting several employees across various functions.
Perplexity brings Indian stock market data to its AI search tool
Perplexity, the artificial intelligence-driven search engine, has added live data from India’s equity markets to its finance platform, widening its global market coverage and signalling a push to build a stronger user base in the country.
The new integration gives users access to share prices, market news, and corporate updates from both the Bombay Stock Exchange and the National Stock Exchange. Information is available in real time across the company’s desktop site, mobile web version, and apps.
AI unicorn Fractal Analytics files DRHP for Rs 4,900 Cr IPO
AI and analytics solutions provider Fractal has filed its draft red herring prospectus (DRHP) with markets regulator SEBI to raise up to Rs 4,900 crore ($590 million) through an initial public offering.
According to the DRHP filed on Wednesday, the public offering will include a fresh share issuance of Rs 1,279.3 crore, alongside an offer-for-sale (OFS) amounting to Rs 3,621 crore from existing investors Quinag Bidco (managed by Apax Partners), TPG Fett Holdings Pte, and GLM Family Trust.
Arintra raises $21M in Series A round led by Peak XV Partners
Arintra, a GenAI-native medical coding platform, has raised $21 million in Series A funding. The round was led by Peak XV Partners, and included participation from Endeavor Health Ventures, Y Combinator, Counterpart Ventures, Spider Capital, Ten13, and several other investors.
The company said it will use the funding to fuel product development, expand adoption across the US health systems and physician groups, and scale its team. It also plans to open a new Bay Area headquarters to support its growth plans.
GitHub CEO Thomas Dohmke to step down, pursue new venture
GitHub Chief Executive Officer Thomas Dohmke is stepping down to pursue his “next adventure”—a new startup.
This marks the end of a period during which he guided the Microsoft-owned code-hosting platform into the age of copilots and AI. “... After all this time, my startup roots have begun tugging on me and I’ve decided to leave GitHub to become a founder again,” Dohmke said in a blog post. “GitHub and its leadership team will continue its mission as part of Microsoft’s CoreAI organisation.”
Edited by Jyoti Narayan