Major Funding for British Big Data Firm Quantexa

London-based big data decision intelligence specialist Quantexa has completed a $175m Series F investment round, which values the company at $2.6 billion. Funds will help speed innovation, create new partnerships and alliances, strengthen presence in North America and pursue M&A opportunities.

Quantexa, which gained unicorn status with a $129m Series E round two years ago, now has more than 800 employees and 16 offices worldwide. The firm provides public and private sector clients with 'a contextual, connected view of internal and external data in a single place', helping to spot risks and opportunities and meet challenges including data management, customer intelligence and financial crime.

The latest round was led by Teachers' Venture Growth (TVG), which is part of the $CAN 255bn international investor Ontario Teachers' Pension Plan - and was joined by existing investors including British Patient Capital. TVG Managing Director Ara Yeromian will (subject to regulatory approval) join Quantexa's board.

The firm says its current priorities, other than 'cementing its leadership in the DI category', are fast-tracking its Microsoft partnership, launching an AI-powered workload for Microsoft Fabric and a cloud-native AML solution for US mid-market banks via Azure Marketplace, as well as expanding its Public Sector Business Unit which helps government agencies to use structured and unstructured data to safely deploy AI across a range of use cases.

Quantexa founder and CEO Vishal Marria (pictured) comments: 'AI is a once-in-a-generation technology transforming industries, redefining operations, and creating entirely new processes. From day one, Quantexa has been at the forefront of this revolution, helping enterprises create trusted, curated data to unlock AI's full potential. This latest investment reflects investors' embracing our vision and committing to join our journey as we accelerate innovation, platform deployments, and amplify the value we deliver to clients and the broader ecosystem. With the continued support of our investors, now including TVG, we are poised to push the boundaries of AI by harnessing the power of trusted data, reinforcing our leadership in this rapidly evolving landscape'.

Web site: www.quantexa.com .