The funding round was led by Singapore-based investment firm GIC and had participation from the company’s existing investors, namely Dawn Capital, Warburg Pincus, Evolution Equity Partners, British Patient Capital, HSBC, ABN AMRO Ventures, BNY Mellon, and AlbionVC
Quantexa secures $129m in Series E funding round. (Credit: Kohji Asakawa from Pixabay)
Quantexa, a provider of decision intelligence (DI) solutions to the public and private sectors, has raised $129m in a Series E funding round at a valuation of $1.8bn.
The funding round was led by Singapore-based investment firm GIC.
It also saw the participation from Quantexa’s existing investors, namely Dawn Capital, Warburg Pincus, Evolution Equity Partners, British Patient Capital, HSBC, ABN AMRO Ventures, BNY Mellon, and AlbionVC.
Established in 2016, Quantexa offers a contextual and connected view of internal and external data in a single place with its decision intelligence platform.
The platform is also said to address key challenges across customer intelligence, financial crime, data management, KYC, risk, fraud, and security, across the customer lifecycle.
With the new funding, the data and analytics software start-up expects to continue its global expansion and invest in its engineering talent.
The company currently has offices in London, New York, Toronto, Brussels, Malaga, Amsterdam, Singapore, Luxemburg, Melbourne, and the UAE among others.
It also intends to make use of the new capital to bolster the capabilities of its decision intelligence platform in low-code data fusion, machine learning (ML), graph analytics, artificial intelligence (AI), and natural language processing (NLP).
Besides, Quantexa aims to increase its focus on expediting joint go-to-market initiatives with its flagship partners including Moody’s, Accenture, Google, Deloitte, KPMG, and EY.
Previously, Quantexa secured $157m in a Series D funding round which closed in July 2021. The round was led by private equity firm Warburg Pincus.
Quantexa CEO Vishal Marria said: “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.
“In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.
“It’s a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors – in our latest round.”
In February 2023, the company acquired Aylien, an Ireland-based NLP and advanced AI firm.