^{Konstruct Telemedia}

data management tools Platform Quantexa Secures $175 Million in Series F Funding

Quantexa, a pioneer in AI-driven decision intelligence, has announced a successful $175 million Series F funding round, spearheaded by Teachers’ Venture Growth (TVG) of the Ontario Teachers’ Pension Plan, alongside continuous backing from its current investors, including British Patient Capital.

The London-based firm’s latest investment boosts its valuation to an impressive $2.6 billion, thanks to contributions from notable firms like Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC, and HSBC.

Since its inception in 2016, Quantexa has been on the cutting edge of decision intelligence technology, empowering both public and private sectors to derive data-driven operational insights with precision. Their advanced AI platform connects and analyzes vast amounts of siloed data, enhancing customer intelligence, risk management, and fraud detection across various industries including financial services, insurance, and telecom.

This fresh influx of capital will fuel innovation at Quantexa, accelerating the development of new AI-powered offerings, boosting strategic partnerships, and enhancing their presence in North America. The company is also eyeing potential mergers and acquisitions to strengthen its competitive edge.

With the funding, Ara Yeromian of TVG is expected to join Quantexa’s board, pending regulatory approval, signaling a new phase of growth for the tech innovator.

Following its ‘Centaur’ milestone achievement—sustaining over $100 million in annual recurring revenue—Quantexa’s robust performance in 2024 showcased nearly 40% growth in license revenue, alongside onboarding 23 new clients from diverse sectors like insurance and telecom.

Vishal Marria, founder and CEO of Quantexa, emphasizes the transformative power of AI, stating, “From day one, we’ve been leading the charge in revolutionizing industries with curated, trusted data that maximizes AI’s potential. Our latest funding underscores the confidence investors have in us as we continue to innovate and expand our platform.”

TVG’s senior managing director, Avid Larizadeh Duggan, added, “Organizations must build trusted data foundations for impactful AI-driven decision-making. Quantexa is at the forefront, transforming how businesses approach data. We’re thrilled to back Vishal and his exceptional team as they continue to scale and revolutionize decision-making with AI.”

For essential news and hopeful developments to your inbox, sign up to the konstruct newsletter, which delivers a handpicked selection of features and insights twice a week.

For more science, technology, environment and health stories from the konstruct, follow us on Facebook, Threads and Instagram.