Quantexa, a London, UK-based company focused on decision intelligence (DI) solutions for the public and private sectors, raised $129M in Series E funding which valued it at $1.8 Billion.
The round was led by GIC, with participation from existing investors Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, and AlbionVC.
The company intends to use the funds to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), natural language processing (NLP) and artificial intelligence (AI), and to grow its global presence, increading focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte, and EY, and invest in its engineering talent.
Led by CEO Vishal Marria, Quantexa is a data and analytics software company focused on enabling organizations to make operational decisions. Using the advancements of data and AI, the platform uncovers risk and new opportunities by providing a contextual, connected view of internal and external data in a single place and solving major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The round follows Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain, in November 2022.
Deployed in more than 70 countries, thousands of users across banking, insurance, telecoms industries, and within public sector, use Quantexa’s outcome-driven solutions to protect, optimize, and grow their organizations. The customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.
FinSMEs
04/04/2023