Quantexa – a global leader in Decision Intelligence (DI) solutions for the public and private sectors – announced that it has completed a $129 million Series E funding round. This latest funding round secures the British company’s unicorn status with a valuation of $1.8 billion and it is going to accelerate the execution of its growth strategy within the Decision Intelligence market, which is estimated to be valued at over $200 billion.
This funding round was led by GIC and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. This funding round comes less than 18 months after Quantexa closed its $157 million Series D funding round in July 2021 and it comes just weeks after the acquisition of Aylien, which is a leader in natural language processing (NLP) and advanced AI.
Quantexa has seen impressive growth, having grown its ARR by over 100% since closing its Series D round. And during that same time, Quantexa has seen solid growth in all regions, including a breakout performance in North America with an increase in ARR of over 180%.
Quantexa also came on the heels of continued geographic expansion efforts with the company growing from 500 to 650 employees over the past year and opening new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain in November 2022. This new funding round will ensure that Quantexa continues to grow its global presence and invest in its world-class engineering talent.
In terms of this funding round, Quantexa plans 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 Quantexa will increase its focus on accelerating joint go-to-market efforts with its flagship partners like Google, Moody’s, Accenture, KPMG, Deloitte, and EY. Quantexa’s growing customer base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.
KEY QUOTES:
“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. 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.”
- Vishal Marria, CEO of Quantexa
