Quantexa raises $153M in a Series D round led by Warburg Pincus

SaaS News -Quantexa-raises-$153M-to-build-out-AI-based-big-data-tools-to-track-risk-and-run-investigations(source: SaaS Industry)
At a Glance

In a Series D financing led by Warburg Pincus, Quantexa raised $153 million. Quantexa plans to use the cash to enhance its product line and expedite its regional market growth plans. Quantexa works with blue-chip banks, insurers, and government agencies worldwide, including seven of the top ten banks in the United Kingdom and Australia.

Quantexa, a developer of network analytics technologies for financial crime detection and prevention, has raised $153 million in Series D funding led by Warburg Pincus. Other participants include Dawn Capital, AlbionVC, Evolution Equity Partners, HSBC, ABN AMRO Ventures, and British Patient Capital.

Quantexa will utilize the funds to accelerate its regional market expansion ambitions and expand its product range in areas like data management and industry verticals, including banking, insurance, public sector, and telecommunications. Quantexa’s corporate strategy will also include looking for inorganic growth possibilities.

By tackling the age-old challenge of connecting the dots of internal and external data, Quantexa’s groundbreaking Contextual Decision Intelligence (CDI) platform is transforming the data and analytics market for operational decision-making. Organizations can utilize CDI to construct a scalable, genuine single customer view of data, as well as deploy new data and analytics technologies like Entity Resolution, Graph Analytics, and AI, to develop graph-based network views that serve a wide range of use cases, all from a single software platform.

We 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.” 

Vishal Marria, CEO of Quantexa

What excites us most is the growing demand we see across sectors for enterprises to realize meaningful value from their data across the organization. Quantexa is supporting customer innovation so they can make trusted operational decisions. We have seen the need for Contextual Decisioning increase exponentially within the financial sector, and with this round, we are able to capitalize on the growing demand for CDI across multiple new sectors in a market worth over $114 billion according to IDC.

Vishal Marria, CEO of Quantexa

Quantexa serves blue-chip banks, insurers, and government agencies throughout the world, 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. Quantexa has also built a burgeoning network of partners, including Accenture, Microsoft, Google, and Deloitte.

Quantexa’s proprietary technology enables clients to create single views of individuals and entities, visualized through graph network analytics and scaled with the most advanced AI technology. This capability has already revolutionized the way KYC, AML, and fraud processes are run by some of the world’s largest financial institutions and governments, addressing a significant gap in an increasingly important part of the industry. The company’s impressive growth to date 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.

Adarsh Sarma, managing director and co-head of Europe at Warburg Pincus

Quantexa’s advanced AI technology has delivered significant productivity gains, cost benefits and substantially mitigated regulatory and operational risks for financial institutions and governments all over the world. The superb management team, led by CEO Vishal Marria, has already secured a world-class client base, and we look forward to leveraging Warburg Pincus’ sector expertise and network to support the company on its global expansion across sectors and use cases.

Peter Deming, managing director and head of Financial Services
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