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Quantexa nabs $175M at $2.6B valuation to double down on data analytics for AI
London startup Quantexa has made its name over the years with an enterprise platform that employs AI and data analytics to fight money laundering and
Today, it is announcing new funding of $175 million to double down on that business while also moving deeper into another hot area: using its technology to help organizations understand and better use data across various silos to build and run AI services. The company says it has “thousands of users” on its platform (an imprecise number that hasn’t changed in years), and its list large enterprise customers includes the likes of Prudential, Vodafone, the U.K. government, HSBC, ABN-AMRO, and Accenture. Another area where it will be expanding its reach is in the public sector, specifically with an enlarged dedicated business unit that will help government bodies use “structured and unstructured data” to build AI services.
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