Quantexa Secures US$175 Mln In Series F Funding To Fuel AI Growth, Expansion

KUALA LUMPUR, March 6 (Bernama) -- Quantexa, a global leader in Decision Intelligence (DI) solutions, has successfully completed a US$175 million Series F investment round, led by Teachers’ Venture Growth (TVG). (US$1=RM4.41)

According to a statement, the latest round values the British tech company at US$2.6 billion and accelerates its mission to help enterprises and government agencies across multiple markets stay ahead in the race for artificial intelligence (AI)-driven DI.

Quantexa Founder and Chief Executive Officer, Vishal Marria emphasised that the investment demonstrates strong confidence in Quantexa’s vision for AI, as the company works to unlock the full potential of AI by curating trusted data.

Meanwhile, TVG Senior Managing Director and Head in EMEA, Avid Larizadeh Duggan highlighted Quantexa’s innovation in AI-driven decision-making as a key factor in its fit for their portfolio.

TVG, part of the Ontario Teachers' Pension Plan, led the round, with participation from existing investors, including British Patient Capital. TVG Managing Director, Ara Yeromian will join Quantexa’s board as part of the deal, joining other investors such as Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC, and HSBC.

Following this investment round, Quantexa will bolster its platform innovation efforts to elevate experiences for existing clients, create new partnerships and alliances, deepen its presence in North America and pursue selected mergers and acquisitions.

TVG will leverage its expertise in scaling high-growth AI and software companies, along with its extensive network, to support Quantexa’s strategic international expansion and growth plans.

This investment round comes just months after Quantexa achieved Centaur status, joining an elite group of Software as a Service (SaaS) businesses recognised for surpassing US$100 million in annual recurring revenue (ARR).

-- BERNAMA