Quantexa has seen its valuation jump to $2.6bn (£2bn) after the London AI firm completed its latest funding round.
The Series F round, which was led by Teachers’ Venture Growth alongside BNY, AlbionVC, and HSBC among others, raised $175m to grow the business.
Quantexa said it would use the cash to deepen its presence in North America as well as pursue M&A opportunities. In addition, the firm is expanding its Public Sector Business Unit, doubling down on growing global demand, helping government agencies use structured and unstructured data to safely deploy AI across a range of uses cases.
Founder and CEO Vishal Marria said: “AI is a once-in-a-generation technology transforming industries, redefining operations, and creating entirely new processes.
“From day one, Quantexa has been at the forefront of this revolution, helping enterprises create trusted, curated data to unlock AI’s full potential.
“This latest investment reflects investors’ embracing our vision and committing to join our journey as we accelerate innovation, platform deployments, and amplify the value we deliver to clients and the broader ecosystem.”
Quantexa previously hit a valuation of $1.8bn after raising $129m in a Series E round in April 2023. The jump in valuation today makes Quantexa the third-most valuable privately-owned AI firm in the UK, after ElevenLabs ($3.2bn) and Wayve ($3bn).
Founded in 2016, Quantexa uses the latest advancements in AI in its Decision Intelligence platform, which unifies siloed data to solve challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security.
In January, the firm became the first British company to join the World Economic Forum’s Unicorn Community as it seeks to increase its presence on the world stage.
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