Quantexa Gains Unicorn Status with New Funding Round

British big data-based decision intelligence firm Quantexa has announced a $129m Series E round of funding, which values the company at $1.8 billion.

Headquartered in London, Quantexa provides public and private sector clients with 'a contextual, connected view of internal and external data in a single place', helping to spot risks and opportunities and meet challenges including data management, customer intelligence and financial crime. In February, the firm acquired Dublin's Aylien, which uses natural language processing to enable its customers to collect and analyze unstructured text data.

Quantexa, which was founded in 2016, now employs more than 550 people in offices in Europe, North America, Asia and Australia. Its latest funding was led by GIC, with participation from Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, and AlbionVC. The new investment follows a $157m Series D funding in July 2021.

Vishal Marria (pictured), Quantexa CEO, comments: 'After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging decision intelligence category. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future'.

Web site: www.quantexa.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.