Quantexa Secures $175M in Series F Funding, Valuation Soars to $2.6B

Quantexa reels in $175M for its data management platform - SiliconANGLE

Quantexa Ltd, a startup with a data management platform that enterprises use for tasks such as fraud detection, has raised $175 million in funding. The company disclosed in its announcement of the round today that Teachers' Venture Growth was the lead investor. The Series F deal also includes contributions from several returning backers. Quantexa is now valued at $2.6 billion, up from $1.8 billion following its previous funding round. London-based Quantexa provides a platform that can ingest information from multiple sources, identify related data points and group them together. For example, the software could scan a collection of product listings and highlight items made by the same company. Quantexa performs the task using a so-called entity resolution engine that promises to provide up to 99% accuracy. The ability to identify connections between data points is useful for, among other tasks, identifying financial crime. Quantexa's platform is used by banks and government agencies to scan transaction logs for fraud indicators. In addition to highlighting how disparate financial records are connected to one another, the platform provides so-called scoring algorithms that can automatically highlight risky transactions. Quantexa says that its platform also supports other use cases. Marketing teams, for example, can leverage it to analyze the customer information they use to craft ad campaigns. The platform promises to ease tasks such as identifying new sales opportunities. Before companies can start searching for patterns in their data, they have to organize it. Quantexa provides features that automate several of the steps involved in the latter task. The company's platform includes a low-code tool for creating data ingestion workflows. It can be used to collect transaction logs, news articles, stock information and other records. Quantexa says that the tool can aggregate billions of data points stored in multiple file formats. Usually, processing records with different file formats requires organizing them into a common data structure. Quantexa doesn't require a fixed structure, which reduces the amount of time necessary to organize the aggregated records. The result is that companies can start analyzing their data faster. After Quantexa ingests a dataset, it uses artificial intelligence models to fix quality issues. The platform automatically filters duplicate and erroneous records. It also resolves inconsistencies, such as cases where some product prices in a dataset are rounded to the nearest whole number while others aren't. Quantexa's latest funding round follows a year in which it grew software license sales by nearly 40% and added 23 new customers. The increased demand helped the company reach $100 million in annualized recurring revenue a few months ago. To keep up the momentum, Quantexa will use the new capital to grow its North American presence and make acquisitions.

Quantexa nabs $175M at a $2.6B valuation to double down on data analytics for AI | TechCrunch

London startup Quantexa has made its name over the years with an enterprise platform that employs AI and data analytics to fight money laundering and fraud. Today, it is announcing new funding of $175 million to double down on that business while also moving deeper into another hot area: using its technology to help organizations understand and better use data across various silos to build and run AI services. The funding, a Series F, values Quantexa at $2.6 billion post-money -- a significant jump on Quantexa's last valuation of $1.8 billion in 2023. Teachers' Venture Growth (TVG), division of the Ontario Teachers' Pension Plan in Canada, with participation also from previous backers British Patient Capital. The startup has raised just under $550 million to date, per PitchBook data. The funding is coming at a flush moment for the nine year-old startup. The company says it has "thousands of users" on its platform (an imprecise number that hasn't changed in years), and its list large enterprise customers includes the likes of Prudential, Vodafone, the U.K. government, HSBC, ABN-AMRO, and Accenture. License revenue is up 40% in the last year, and it now has 16 offices globally with some 800 employees. Quantexa's funding is also coming at a key moment in the world of enterprise. Organizations across both the private and public sectors are collectively making a big drive to adopt more AI services -- the hope being that this will help them cut costs, speed up how people work, and take on new kinds of work. There is a small hitch, however. In many cases, those same organizations are sitting on huge troves of legacy, unstructured data that need to be identified and sorted to train and run those new services. Quantexa's tooling was built to tap into unstructured data troves in aid of anti-money laundering efforts. But it turns out to be equally useful for data curation for AI applications. Quantexa has been building out the latter business for a few years; and now with the huge demand for AI, it becoming a growing focus for the company. "To make AI technology work, you must get the data right. You must be able to trust the data. You must be able to curate the data. And that's what we do," founder and CEO Vishal Marria said in an interview. The company continues to see a lot of business in AML and fraud identification, but it will be growing that business in tandem with larger efforts to expand its presence in a wider variety of AI projects. In line with that, Quantexa said it would "fast track" a partnership it inked with Microsoft in November: it is building an AI-powered workload for the Microsoft Fabric data analytics platform; and it will build an AML solution for U.S. mid-market banks that will be distributed through the Azure Marketplace. For those opting for Databricks, Marria said the plan is to do more work in that environment, too, building on a partnership announced in June 2024 between the companies to use Quantexa's technology to organise billions of data records to build and power generative AI apps. Another area where it will be expanding its reach is in the public sector, specifically with an enlarged dedicated business unit that will help government bodies use "structured and unstructured data" to build AI services. In its home market of the U.K., Marria would not comment on what work it is doing around the government's big AI push (dubbed "Plan for Change"). But he pointed out that the company was involved in several projects beyond those that have been made public (such as this anti-fraud project it undertook with the Cabinet Office). It's that traction plus Marria's convincing push for growth at a time when so much is changing in the industry and the world, which have driven this particular round. "Vish himself is quite extraordinary," said Avid Larizadeh Duggan, the senior MD who runs TVG in EMEA, said in an interview. "He is a founder who comes with a vision but is also a talent magnet, surrounded by exceptional people. Selling into regulated industries is not easy. You can tell he's incredibly personable but also knows what he's talking about. At the back of it, he has a clear understanding of the customer and product. All of these attributes incredibly important when you invest, but for me I feel a sense that it's even more important when the sands are shifting so quickly."

Quantexa completes $175 million Series F funding round

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The latest round values the British tech company at USD 2.6 billion and this milestone is fueling Quantexa's progress against its mission to help enterprises and government agencies across multiple markets stay ahead in the race for AI-driven DI. The round was led by TVG, which is part of the CAD 255 billion international investor Ontario Teachers' Pension Plan, with existing investors participating, including British Patient Capital. *As part of this funding, Ara Yeromian, Managing Director at TVG, will join Quantexa's board, which includes representation from existing investors (Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC, and HSBC). Following this investment round, Quantexa will bolster its platform innovation efforts to elevate experiences for existing clients, create new partnerships and alliances, deepen its presence in North America and pursue selected M&A opportunities. TVG will leverage its expertise in successfully scaling high-growth AI and software companies, along with its extensive network, to support Quantexa's strategic international expansion and growth plans. This Series F investment comes just months after Quantexa achieved Centaur status, joining an elite group of SaaS businesses recognized for surpassing USD 100 million in ARR. Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA, said: "Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact. Quantexa is revolutionizing how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders making a global difference. Quantexa's impressive track record, expanding customer base, and bold approach to data and AI innovation make it a natural fit for our portfolio. We're excited to support Vishal, and his world-class team scale the company internationally as they continue helping industry-leading organizations embrace AI-driven decision-making with confidence." The Next Step for One of AI's Fastest Rising Players As Quantexa works to further cement its leadership in the DI category, the company is fast-tracking its Microsoft partnership, launching an AI-powered workload for Microsoft Fabric and a cloud-native AML solution for U.S. mid-market banks via Azure Marketplace. Additionally, Quantexa is expanding its Public Sector Business Unit, doubling down on growing global demand, helping government agencies use structured and unstructured data to safely deploy AI across a range of uses cases. Quantexa's rapid growth underscores the demand for its DI Platform, helping enterprises and government agencies scale AI and data initiatives with greater speed and success. With nearly 40% license revenue growth and 23 new customers added in 2024, Quantexa's reach now extends beyond financial services, with revenue from insurance, TMTE, and the public sector. The company has a growing global footprint of 16 offices and more than 800 employees. Vishal Marria, Founder and CEO of Quantexa, said: "AI is a once-in-a-generation technology transforming industries, redefining operations, and creating entirely new processes. From day one, Quantexa has been at the forefront of this revolution, helping enterprises create trusted, curated data to unlock AI's full potential. This latest investment reflects investors' embracing our vision and committing to join our journey as we accelerate innovation, platform deployments, and amplify the value we deliver to clients and the broader ecosystem. With the continued support of our investors, now including TVG, we are poised to push the boundaries of AI by harnessing the power of trusted data, reinforcing our leadership in this rapidly evolving landscape."

Quantexa Completes USD 175 million Series F Investment Round, led by Teachers' Venture Growth

Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter UK AI leader accelerates growth plans as it reaches a USD 2.6 billion valuation The funding will be used to develop new initiatives, strengthen Quantexa's platform innovation and drive further growth in North America LONDON and NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Quantexa, a global leader in Decision Intelligence ("DI") solutions for the public and private sectors, announced today that it has completed a USD 175 million Series F investment round, led by Teachers' Venture Growth ("TVG"). The latest round values the British tech company at USD 2.6 billion and this milestone is fueling Quantexa's progress against its mission to help enterprises and government agencies across multiple markets stay ahead in the race for AI-driven DI. The round was led by TVG, which is part of the CAD 255 billion international investor Ontario Teachers' Pension Plan, with existing investors participating, including British Patient Capital. *As part of this funding, Ara Yeromian, Managing Director at TVG, will join Quantexa's board, which includes representation from existing investors (Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC, and HSBC). Following this investment round, Quantexa will bolster its platform innovation efforts to elevate experiences for existing clients, create new partnerships and alliances, deepen its presence in North America and pursue selected M&A opportunities. TVG will leverage its expertise in successfully scaling high-growth AI and software companies, along with its extensive network, to support Quantexa's strategic international expansion and growth plans. This Series F investment comes just months after Quantexa achieved Centaur status, joining an elite group of SaaS businesses recognized for surpassing USD 100 million in ARR. Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA, said: "Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact. Quantexa is revolutionizing how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders making a global difference. Quantexa's impressive track record, expanding customer base, and bold approach to data and AI innovation make it a natural fit for our portfolio. We're excited to support Vishal, and his world-class team scale the company internationally as they continue helping industry-leading organizations embrace AI-driven decision-making with confidence." The Next Step for One of AI's Fastest Rising Players As Quantexa works to further cement its leadership in the DI category, the company is fast-tracking its Microsoft partnership, launching an AI-powered workload for Microsoft Fabric and a cloud-native AML solution for U.S. mid-market banks via Azure Marketplace. Additionally, Quantexa is expanding its Public Sector Business Unit, doubling down on growing global demand, helping government agencies use structured and unstructured data to safely deploy AI across a range of uses cases. Quantexa's rapid growth underscores the demand for its DI Platform, helping enterprises and government agencies scale AI and data initiatives with greater speed and success. With nearly 40% license revenue growth and 23 new customers added in 2024, Quantexa's reach now extends beyond financial services, with revenue from insurance, TMTE, and the public sector. The company has a growing global footprint of 16 offices and more than 800 employees. Vishal Marria, Founder and CEO of Quantexa, said: "AI is a once-in-a-generation technology transforming industries, redefining operations, and creating entirely new processes. From day one, Quantexa has been at the forefront of this revolution, helping enterprises create trusted, curated data to unlock AI's full potential. This latest investment reflects investors' embracing our vision and committing to join our journey as we accelerate innovation, platform deployments, and amplify the value we deliver to clients and the broader ecosystem. With the continued support of our investors, now including TVG, we are poised to push the boundaries of AI by harnessing the power of trusted data, reinforcing our leadership in this rapidly evolving landscape." * Ara Yeromian's appointment to Quantexa's Board is subject to regulatory approval. About Quantexa Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa's Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle. The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has over 800 employees and thousands of platform users working with billions of transactions and data points across the world. For more information visit www.quantexa.com or follow us on LinkedIn. About Teachers' Venture Growth Teachers' Venture Growth (TVG) focuses on late-stage venture and growth equity investments in cutting-edge technology companies worldwide. We partner with founders with bold missions, looking to expand their product offering, scale geographically, and become the leaders in their markets. We bring long-term thinking and active investing to help build better businesses and a better world. We think globally and act locally through our direct presence across Europe, North America and Asia. TVG is part of the Ontario Teachers' Pension Plan Board (Ontario Teachers'), a global investor with net assets of CAD 255.8 billion as of June 30, 2024. We invest in more than 50 countries in a broad array of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture growth to deliver retirement income for 340,000 working members and pensioners. Our more than 450 investment professionals operate in key financial centres around the world and bring deep expertise in a broad range of sectors and industries. We are a fully funded defined benefit pension plan and have earned an annual total-fund net return of 9.3% since the plan's founding in 1990. At Ontario Teachers', we don't just invest to make a return, we invest to shape a better future for the teachers we serve, the businesses we back, and the world we live in. For more information, visit otpp.com/teachersventuregrowth and follow us on LinkedIn. Media Enquiries C: Stephanie Crisp, Director and Growth Tech Lead, Fight or Flight E: [email protected] C: Adam Jaffe, SVP of Corporate Marketing T: +1 609 502 6889 E: [email protected] - or - [email protected] Teachers' Venture Growth Kekst CNC [email protected] Alisha Prakash [email protected] Market News and Data brought to you by Benzinga APIs