Published On: Fri, Jul 24th, 2020

Quantexa raises $65m for contextual decision intelligence platform

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Quantexa, a UK-based contextual decision intelligence software company that helps organizations to drive improved decisions from their data, has secured $64.7 million in a Series C funding round led by Evolution Equity Partners.

The funding round also saw the participation from existing investors Dawn Capital, HSBC, and AlbionVC.

Also taking part in the Series C funding round of the contextual decision intelligence software company are new investors British Patient Capital and ABN AMRO Ventures, who joined previous investor Accenture Ventures.

Quantexa has offices across London, New York, Boston, Toronto, Singapore, Belgium, Melbourne, and Sydney.

The company’s platform is said to use the latest advancements in big data and artificial intelligence to uncover latent risk and new opportunities by offering a contextual view of both internal and external data in a single place. It is claimed to address major challenges across financial crime, credit risk, fraud, customer intelligence, and throughout the lifecycle of customers.

Vishal Marria – CEO of Quantexa said: “We are thrilled that Evolution Equity Partners and British Patient Capital will be joining our team, alongside the strategic investment from ABN AMRO Ventures. Together with the continued trust and commitment from our existing investors, we will drive the next phase of Quantexa’s growth.

“We are seeing a huge demand for our platform to support multiple applications across our core markets in financial services and within new industry sectors. This investment will accelerate our product innovation roadmap and enable us to invest further into Europe, North America and Asia Pacific regions, as well as expand into new locations.”

Quantexa, which claims to serve thousands of users in 70 plus countries, plans to grow further into North America, Asia-Pacific, and European regions. The company will deploy its contextual decision intelligence (CDI) technology into the public sector and other additional sectors, while developing more platform applications in financial services and larger cross-sector capabilities.

The new funding round follows a $22.7 million Series B round in August 2018. The contextual decision intelligence software company has so far raised a total of $90 million.

Richard Seewald – Founding and Managing Partner at Evolution Equity Partners said: “Quantexa’s proprietary platform heralds a new generation of decision intelligence technology that uses a single contextual view of customers to profoundly improve operational decision making and overcome big data challenges. Its impressive rapid growth, renowned client base and potential to build further value across so many sectors make Quantexa a fantastic partner whose team I look forward to working with.”

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