Quantexa Named One of Bloomberg UK’s Startups to WatchOct 24th, 2023
LONDON, October 24th, 2023 – Today Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has been named in Bloomberg UK’s Startups to Watch list. Bloomberg canvassed the UK to find 25 startups that represent the diversity and innovation of the country’s startup scene. They received over 1,500 applications.
Quantexa impressed the editors by continuing to post impressive growth in what has been a difficult period for many tech companies. Quantexa has seen robust expansion across key markets such as the US, APAC and Europe, and recently announced that it will invest a further $155M in the global artificial intelligence (AI) industry over the next three years to continue to support its clients advance the use of AI to protect, optimize, and grow their organizations. This announcement followed the news that Quantexa had closed its Series E funding round in April, raising $129 million. Led by the Singaporean sovereign wealth fund GIC, the company’s valuation is now set at $1.8 billion, making it the first UK tech company to achieve breakout Unicorn status in 2023.
When assessing the entries, Bloomberg editors considered several criteria including the scope of the problem being tackled, creativity of ideas, investor traction and commitment to diversity. Quantexa, along with the other winners, was recognized for being one of the most innovative, fastest-growing UK businesses working on a truly unique offering.
Vishal Marria, CEO and Founder of Quantexa said: “We are deeply honored to be recognized by Bloomberg News as one of the Top UK Startups to Watch in 2023. This accolade is a testament to the hard work and dedication of the Quantexa team and our unwavering commitment to pushing the boundaries of AI innovation. We're passionate about supporting organizations and government agencies to thrive in the ever-evolving landscape of data-driven decision-making. This recognition is not just an accolade for us, but it reflects the impact we are making in the world.”
Quantexa currently serves the banking, insurance, CSP, technology and governmental industries and sectors offering huge potential to grow its customer base.
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, New York, Boston, Toronto, UAE, Malaga, Amsterdam, Luxembourg, Brussels, Melbourne, Sydney, Japan and Singapore. For more information, follow us on LinkedIn.