Contextual decision intelligence software company听Quantexa听has raised 拢111 million in Series D funding.听
CDI is an approach to data that gives organisations the ability to join multiple internal and external data sets, providing a single view of听data with听intelligence about the relationships between people, places and organisations.听
The听funding from Warburg Pincus and a growing group of blue-chip investors follows an impressive year of 108% growth for听Quantexa听during 2020/21, boosted by significant growth from new clients across geographies and industries.听
Existing investors participating were Dawn Capital,听AlbionVC, Evolution Equity Partners, HSBC, ABN AMRO Ventures and British Patient Capital. The new investment follows a听拢51m听Series C round听led by HSBC听in July 2020.听
Quantexa听will use the investment to accelerate its plans for regional market expansion and build out its product portfolio development further in areas like data management and industry verticals such as听banking,听insurance,听public听sector and TMT.听听
It听will additionally look for inorganic growth opportunities as part of its corporate strategy.听
Deployed across more than 70 countries with thousands of users,听Quantexa听serves blue-chip banks, insurers and government organisations globally, including 7 of the top 10 UK and Australian banks and 6 of the top 14 financial institutions in North America, with flagship customers such as HSBC and Standard Chartered Bank.听Quantexa听has also established a growing ecosystem of partners, including Accenture, Deloitte, Microsoft and Google.听
鈥淲e are thrilled to welcome Warburg Pincus to our team as we continue to accelerate the growth of our global software business and lead the CDI category. Warburg Pincus has a distinguished track record and brings deep experience of funding winners globally,鈥澨齭aid听CEO听Vishal Marria.听
鈥淲hat excites us most is the growing demand we see across sectors for enterprises to realise meaningful value from their data across the organisation.听Quantexa听is supporting customer innovation so they can make trusted operational decisions.听听
鈥淲e have seen the need for Contextual Decisioning increase exponentially within the financial sector and with this round we are able to capitalise on the growing demand for CDI across multiple new sectors.鈥�听
Adarsh Sarma, Managing Director and co-head of Europe at Warburg Pincus, said: 鈥淨uantexa鈥檚听proprietary technology enables clients to create single views of individuals and entities, visualised through graph network analytics and scaled with the most advanced AI technology.听听
鈥淭his capability has already revolutionised the way KYC, AML and fraud processes are run by some of the world鈥檚 largest financial institutions and governments, addressing a significant gap in an increasingly important part of the industry.听听
鈥淭he company鈥檚 impressive growth to date听is a reflection of its invaluable value proposition in a massive total addressable market, as well as its continued expansion across new sectors and geographies.鈥�听