Quantexa Raises US $20 Million in Series B to Fund International Expansion
Written by Quantexa
Published: 8th Feb 2018
London, 03 Aug 2018 – Big Data and Enterprise Intelligence scale-up Quantexa, today announced US$20 million ( £15.2 million) in Series B funding.
The round is led by Dawn Capital, Europe’s largest B2B technology venture fund focussing on SaaS and FinTech, with return backers HSBC and Albion Capital also participating. The new funding will be used to further develop Quantexa’s unique technology and support its international expansion.
Quantexa uses network analytics and AI to help organisations make better decisions from their data. Its revolutionary technology helps Tier 1 clients solve global problems including money laundering, fraud, terrorist financing and human trafficking.
The investment follows success earlier this year as the firm announced partnerships with Deloitte and HSBC to spot potential money laundering activity, and improving customer insight with Shell.
Founded in 2016, by a team of world-class software, data and advanced analytics experts, Quantexa boasts a workforce of over 90 and engagements with some of the world’s largest organisations. The company is headquartered in London, with offices in Brussels, Sydney, New York and Boston.
Vishal Marria, CEO at Quantexa, said: ÛÏOrganisations increasingly need to be confident they are making intelligent, data-driven decisions. We are delighted to have raised this investment to further develop our unique technology and accelerate our international expansion.”
Norman Fiore, General Partner at Dawn Capital, commented: “We were particularly impressed by the flexibility of Quantexa’s technology. Currently it provides unique, valuable insights for clients across a myriad of industries from money laundering and credit risk, through to human trafficking and customer acquisition. The firm has experienced tremendous growth to date and we look forward to working closely with the team as they continue to break new ground in data analytics.”
Quantexa enables companies and institutions to make better decisions from their data. Quantexa’s revolutionary technology is based on the latest developments in big data software and uses real-time entity resolution with network analytics and AI to knit together vast and disparate data sets and derive actionable intelligence. It is led by a team of experts with a collective experience of over a century in advanced analytics and data focused solutions. The company is headquartered in London, with offices in Brussels, New York, Boston and Sydney.
About Dawn Capital:
Dawn Capital is a leading early stage VC firm run by entrepreneurs that invests in B2B scale ups across Europe. It supports SaaS and FinTech companies founded by exceptional teams that develop world leading technology to improve business value chains and productivity. Dawn Capital works closely with potential and actual global leaders with operational support and capital as they expand internationally. Dawn Capital’s portfolio companies include Mimecast [NASDAQ: MIME], iZettle [PayPal], Collibra, Gelato Group, iControl [Comcast, ADT], Neo Technology, and Showpad.
You may be interested in…
Danske Bank Deploys Quantexa’s AI Platform For Financial Crime Detection
Danske Bank uses Quantexa’s platform to uncover the real-world context in data to detect financial crime and improve investigations.
Quantexa Joins Award-Winning Innovation Center Tomorrow Street
Quantexa’s technology provides powerful insights to businesses by identifying relationships between entities and hidden links within Tomorrow Street’s data sets.
Quantexa Adds Industry Leaders To Advisory Board To Support Global Growth
Former JP Morgan Chase CIO and ex-chairman of KPMG join Quantexa’s advisory board following successful $65m Series C funding round
Quantexa Appoints Laura Hutton as New Chief Customer Officer
Quantexa has appointed Laura Hutton as new Chief Customer Officer to accelerate our commitment to putting the voice of the customer at the center of the organization.
Quantexa Raises $64.7m in New Series C Funding to Drive Hyper-Growth in Big Data and Analytics Ecosystem
Additional investments will expand quantexa’s global and industry footprint and its contextual decision intelligence platform as category-leading technology
Quantexa Brings Contextual Decision Intelligence to OFX to Fight Against Financial Crime
Leading foreign exchange and global payments provider OFX deploys Quantexa, utilizing Google Cloud Platform, to fight increasing industry financial crime risk and support regulatory obligations.
Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Identify potentially fraudulent activity by looking at people or transactions in isolation. Understand the context surrounding the organizations you do business with to make fast, accurate decisions.
Understand your customers, their business structures and supply chains. Make better lending decisions, faster. And support digital risk transformation.
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Master Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
See how we help to reduce costs and improve coverage for financial crime compliance.
See how our platform uses contextual analysis to turn data into a high value asset.
See how our platform uses financial crime technology to enhance your existing IT ecosystem.