Quantexa, a UK-based data analytics company has just entered the market and raised massive funding of $129 million in its Series D funding round. HSBC, American Express, and British Telecommunications led the consortium of investors.
Now the total funding amount raised by Quantexa is $240 million and the company is valued at $1.8 billion.
#Quantexa's valuation is now set at $1.8 billion after the completion of its #SeriesE funding round led by @GIC. Quantexa has grown ARR over 100% since closing its Series D round in July 2021. Read more: https://t.co/mIkoUyBux8 #DecisionIntelligence #SeriesE #TechUnicorn pic.twitter.com/mZB53VUKvr
— Quantexa (@quantexa) April 4, 2023
Being a successful startup firm, Quantexa plans to expand globally and invest in R&D for further opportunities in data analytics.
CEO of Quantexa, Vishal Marria is of the view that Quantexa’s platform is used by more than 100 clients in multiple industries. Clients that Quantexa serves include Danske Bank, Standard Chartered, HSBC, Vodafone & BNY Mellon. The industries include government agencies and FIs at the top. Clients have easily analyzed large volumes of data acquired from multiple sources against fraud and financial crime. Through Quantexa, they have effectively managed the customer’s data and improved their fraud detection strategies. Marria also claimed that Quantexa has doubled its business in just 18 months.
Quantexa was founded in 2016 and has grown rapidly since.