GIC leads funding round of $129 million with Warburg Pincus, Dawn Capital and other existing investors participating
LONDON and NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — Quantexa, a data analytics software company specializing in decision intelligence and AI, announced today that it has completed a $129 million Series E funding round. The latest investment round brought the British tech company’s valuation up to $1.8 billion and will accelerate the execution of its growth strategy within the *$230bn Decision Intelligence category.
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 $157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based natural language processing (NLP) and advanced AI company.
In what has been a difficult period for many tech companies, Quantexa has grown their ARR over 100% since closing their Series D round. In the same time period, Quantexa has seen robust growth in all regions, including an increase in ARR of over 180% in North America.
The success comes on the heels of Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open 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 capital will ensure that Quantexa continues to grow its global presence and invest in engineering talent.
Quantexa also 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), natural language processing (NLP) and artificial intelligence (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 EY.
