The UK-based Decision Intelligence (DI) solutions firm Quantexa has announced it has completed a $129 million Series E funding round with a $1.8 billion valuation.
The round was led by GIC and includes Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO and AlbionVC.
“Today’s fundraise is testament to the strength of Quantexa’s business," says Henry Mason, Partner at Dawn Capital. "Its unique technology provides valuable insights for clients across a myriad of industries from money laundering and credit risk, through to human trafficking and customer acquisition. We have backed the company for five years now and believe more strongly than ever that its unique technology, with the potential to unlock value from vast amounts of data, has the greatest potential to give enterprises a truly connected view of their data to help them make faster, more accurate decisions."
Quantexa's decision intelligence platform lets enterprises build context and insight modelling — including graph analytics and knowledge trees — to enhance operations, prevent fraud, and identity external risks to their core business. Quantexa pegs the potential addressable market at $230 billion.
Quantexa has grown from 500 to 650 employees in the last year and opened new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park
“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,” says Vishal Marria, CEO of Quantexa.
“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. We warmly welcome GIC and thank our existing investors for their continued confidence in our ability to generate growth and accelerate the path to profitability,” he adds.
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