Quantexa raises $129m Series E funding at $1.8bn valuation
UK-based data and analytics software company Quantexa has raised $129 million in a Series E funding round led by GIC at a valuation of $1.8 billion.
Quantexa raises $129m Series E
Also participating in the round were Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN Amro and AlbionVC.
The funding follows Quantexa’s $157 million Series D round in July 2021 and its recent acquisition of Aylien, an Irish firm specialising in natural language processing (NLP) and artificial intelligence (AI).
Founded in 2016, Quantexa operates a “decision intelligence” platform that makes use of big data and AI to help companies better manage their know your customer (KYC), customer intelligence, financial crime, risk, fraud and security processes throughout the customer lifecycle.
The company will use the new capital to expand its global presence and hire more engineering staff. The firm also plans to boost its tech innovation efforts, strengthen its platform capabilities and accelerate its joint go-to-market efforts with its partners.
“In a challenging market, we have doubled our ARR [annual recurring revenue], our user base, and continue to penetrate new markets and industries,” says Vishal Marria, CEO of Quantexa.
The firm claims its platform has now been deployed in over 70 countries, with clients including BNY Mellon, HSBC, Standard Chartered, Danske Bank and others.
