QUANTEXA COMPLETES US$129 MLN SERIES E FUNDING ROUND SECURING UNICORN STATUS

KUALA LUMPUR, April 4 (Bernama) – Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced it has completed a US$129 million Series E funding round. (US$1= RM4.40)

According to Quantexa in a statement, the latest investment round secures the British tech company’s unicorn status with a valuation of US$1.8 billion. This new capital will ensure the company continues to grow its global presence and invest in its world-class engineering talent.

Quantexa Chief Executive Officer, 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 DI category.

“It is 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.”

The round was led by GIC, a global institutional investor, 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 investment comes less than 18 months after Quantexa closed its US$157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced artificial intelligence (AI).

Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its DI Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), NLP and AI.

Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte and Ernst and Young.

Deployed in more than 70 countries, Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone and The Public Sector Fraud Authority in the United Kingdom Cabinet Office.

-- BERNAMA