Tech

Quantexa Raises $ 153 Million in Series D Financing Round

UK-based data and analytics software company Quantexa has raised $ 153 million in a Series D funding round.

Quantexa counts HSBC and Standard Chartered Bank as clients

The company says it will use this investment to accelerate plans for regional market expansion and boost product development.

The round was led by Warburg Pincus, a US private equity firm with other investments such as Metavante / FIS, Avaloq and Clearwater Analytics.

Existing investors such as Dawn Capital, AlbionVC, Evolution Equity Partners and HSBC also participated.

Founded in 2016, Quantexa’s Contextual Decision Intelligence (CDI) platform leverages big data and AI to provide a connected view of internal and external data in one place, with hidden risks and new Reveal the opportunity.

According to the company, the platform solves challenges such as data management, financial crime, customer intelligence, credit risk and fraud.

HSBC and Standard Chartered Bank are among the “thousands” of customers in 70 countries.

Vishal Marria, CEO of Quantexa, said: $ 1 billion according to IDC. “

New investment is for the company $ 64.7 Million Series C Round July 2020.



Quantexa Raises $ 153 Million in Series D Financing Round

Source link Quantexa Raises $ 153 Million in Series D Financing Round

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