Quantexa, a decision intelligence and AI provider, has completed a $129 million Series E funding round. This investment secures the UK company’s unicorn status – a privately held startup with a value over $1 billion – with a valuation of $1.8 billion, and will accelerate execution of its growth strategy.
The round was led by GIC, a global institutional investor. Existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. The investment comes less than 18 months after Quantexa closed a $157 million Series D funding round in July 2021. Most recently the company acquired Aylien, a Dublin-based provider of natural language processing (NLP) and advanced artificial intelligence (AI).
Quantexa plans to use the funding to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), NLP and AI. It is also looking to accelerate go-to-market efforts with partners including Google, Moody’s, Accenture, KPMG, Deloitte, and EY.
Personnel and geographic expansion is also underway, with employee numbers growing from 500 to 650 over the past year, and new offices opening in New York City, the UAE, and Amsterdam. A technology and analytics hub was set up in Malaga Tech Park, Spain, in November 2022. Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, and Danske Bank.
“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 position in the emerging decision intelligence category,” says Vishal Marria, CEO of Quantexa. “This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for the future.”
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