This investment will support Quantexa’s continued innovation, platform development, and expansion, particularly in North America. The company’s goal is to enhance its AI-driven DI platform, deepen client relationships, forge new partnerships, and explore strategic M&A opportunities to fuel its international expansion. The Series F round saw participation from existing investors, including British Patient Capital, and was led by TVG, part of the CAD 255B Ontario Teachers’ Pension Plan.
Strategic expansion and innovation focus
With this significant capital boost, Quantexa plans to strengthen its platform innovation efforts, delivering enhanced experiences for current clients while expanding into new markets. The company is also focusing on its Microsoft partnership, launching an AI-powered workload for Microsoft Fabric and a cloud-native anti-money laundering (AML) solution for mid-market U.S. banks through Azure Marketplace.
Quantexa’s growth is underscored by its impressive client base and the increasing demand for its DI solutions across multiple sectors. In 2024, the company saw a 40% growth in license revenue, secured 23 new customers, and expanded its reach beyond financial services into insurance, TMTE (technology, media, telecom, and energy), and the public sector. Quantexa now operates from 16 offices worldwide with a growing team of over 800 employees.
Centaur status and continued growth
Just months before the Series F round, Quantexa achieved Centaur status, surpassing $100M in Annual Recurring Revenue (ARR) and joining an elite group of SaaS companies. The investment positions Quantexa to further accelerate its leadership in AI and DI, helping enterprises and government agencies unlock the full potential of trusted data to power AI-driven decision-making.
"AI is transforming industries, redefining operations, and creating new opportunities. Quantexa has been at the forefront of this revolution, helping businesses build trusted, curated data to unlock AI’s true potential. This investment is a testament to our vision and our ability to continue leading in this rapidly evolving space, pushing the boundaries of AI to create significant value for our clients and the broader ecosystem." Vishal Marria, Founder and CEO of Quantexa.
TVG’s commitment to scaling AI innovation
Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA, highlighted Quantexa’s role in revolutionising how businesses use AI-enhanced decision-making. He said, "At TVG, we invest in game-changing companies led by visionary leaders. Quantexa’s expanding customer base and bold approach to data and AI innovation make it a perfect fit for our portfolio. We’re excited to support Quantexa’s international expansion as it continues to help industry leaders embrace AI with confidence."
With this strategic infusion of capital, Quantexa is set to push forward with its mission to be a global leader in Decision Intelligence, using AI to help organisations navigate the complexities of data and decision-making.
