AI leader Quantexa has been valued at £2bn by a fresh round of funding.
The London-based decision intelligence company has raised £137m in a Series F round to harness the opportunity around what founder Vishal Marria calls a “once-in-a-generation technology” and fund potential acquisitions.
The funding, led by Teachers’ Venture Growth – part of the mammoth Ontario Teachers’ Pension Plan – will be used to develop new initiatives, strengthen Quantexa’s platform innovation and drive further growth in North America.
Existing investors participated, including British Patient Capital.
Ara Yeromian, managing director at TVG, will join the company’s board alongside figures from investors Warburg Pincus, Dawn Capital, Evolution Equity Partners, AlbionVC and HSBC.
Quantexa’s solutions are used in both the public and private sectors. Its customers include enterprises and government agencies across multiple markets.
The company recently joined an elite group of cloud companies which have surpassed $100m in annual recurring revenue.
“Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact,” said Avid Larizadeh Duggan, senior managing director and head of TVG in EMEA.
“Quantexa is revolutionizing how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders, making a global difference.
“Quantexa’s impressive track record, expanding customer base, and bold approach to data and AI innovation make it a natural fit for our portfolio. We’re excited to support Vishal and his world-class team to scale the company internationally, as they continue helping industry-leading organizations embrace AI-driven decision-making with confidence.”
Quantexa says it is fast-tracking its Microsoft partnership, launching an AI-powered workload for Microsoft Fabric and a cloud-native AML solution for US mid-market banks via Azure Marketplace.
The company has a growing global footprint of 16 offices and more than 800 employees.
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.
“With the continued support of our investors, now including TVG, we are poised to push the boundaries of AI by harnessing the power of trusted data, reinforcing our leadership in this rapidly evolving landscape.”