Quantexa, a contextual determination intelligence software program firm, has closed a Series C spherical, elevating an additional USD 64.7 million in funding.
The spherical was led by Evolution Equity Partners, with main participation from pre-existing backers Dawn Capital, AlbionVC, and HSBC. New traders British Patient Capital and ABN AMRO Ventures additionally joined earlier investor Accenture Ventures on this spherical.
The funding will assist drive Quantexa’s Contextual Decision Intelligence (CDI) expertise market enlargement into new industries equivalent to public sector, whereas creating extra platform purposes throughout monetary companies and broader cross-sector functionalities. CDI is an strategy to knowledge that offers organisations the likelihood to affix a number of inside and exterior knowledge units, offering a single view of knowledge enriched with intelligence concerning the relationships between individuals, locations, and organisations.
The funding can even speed up Quantexa’s continued progress throughout North America, Europe, and Asia-Pacific areas. This new spherical of funding follows a USD 22.7 million Series B spherical secured in August 2018, bringing complete funds raised up to now to USD 90 million. Since its inception in 2016, Quantexa has constructed a globally famend shopper and accomplice base, supporting 1000’s of customers inside tier one organisations worldwide, together with HSBC, Standard Chartered Bank and Accenture.