Quantexa raises $153M to build out AI-based big data tools to track risk and run investigations

14 Jul, 2021

Quantexa raises $153M to build out AI-based big data tools to track risk and run investigations
Photo by NORTHFOLK on Unsplash

– Quantexa, a London-based AI startup, raised $153m in Series D funding.
– The round was led by Warburg Pincus and joined by existing investors Dawn Capital, AlbionVC, Evolution Equity Partners (a specialist cybersecurity VC), HSBC, ABN AMRO Ventures and British Patient Capital.
– The company was valued between $800m and $900m.
– Quantexa got its start out of a gap in the market that Marria identified when he was working as a director at Ernst & Young tasked with helping its clients with money laundering and other fraudulent activity.
– It has now raised over $240m to date.

Analytics Artificial Intelligence Big Data Compliance Western Europe
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