A knowledge analytics firm which has turn into one in every of Britain’s hottest expertise companies is closing in on a brand new spherical of funding anticipated to worth it at billions of {dollars}.
Exact particulars of the funding injection, together with its dimension and the probably post-money valuation attributed to Quantexa, had been unclear on Sunday night.
The corporate ranks among the many most prized tech firms in Britain, and counts HSBC, British Affected person Capital and the personal fairness agency Warburg Pincus amongst its shareholders.
Quantexa specialises in utilizing AI, knowledge and analytics software program to assist purchasers fight fraud and white-collar felony exercise.
It has labored with most of the world’s largest banks, however now derives a major proportion of what it describes as resolution intelligence income from outdoors the monetary providers trade.
The corporate’s final main funding spherical occurred in 2023, when it was valued at $1.8bn.
Final October, it stated it had reached $100m in annual recurring income – a major milestone.
It’s run by Vishal Marria, its chief govt, who can also be understood to be a major shareholder.
