From GlobeNewswire: 2024-06-05 01:00:00

Quantexa is on track to achieve $100 million in ARR by the end of 2024, driven by the growing Decision Intelligence Market estimated at $500 billion. New enterprise customers contributed 20% to fiscal year ARR, with closely coupled Data and AI strategies boosting average contract value by 15% in FY24. Founded in London in 2016, Quantexa employs over 700 staff across 15 locations, closing FY24 with a 40% global Decision Intelligence ARR increase and a 120% net retention rate. New tier 1 customers across various sectors helped accelerate market expansion and propel Quantexa’s growth strategy. Over 25% of the world’s 50 largest banks have deployed Quantexa’s Decision Intelligence Platform, with over 30% ARR growth in the Americas and 50% in Europe and the Middle East. The acquisition of Aylien contributed to growth in Quantexa’s News Intelligence offering. In FY24, Quantexa announced a $129 million Series E funding round, securing unicorn status with a $1.8 billion valuation. The company plans to heavily invest in the global AI industry over the next three years and recently opened its Asia Pacific Headquarters in Singapore. A strategic partnership with Microsoft made Quantexa’s Decision Intelligence Platform available on Microsoft Azure Marketplace, with exclusive plans to bring the platform to mid-sized banks in the U.S. Quantexa’s ambition to lead the emerging Decision Intelligence category is supported by its innovation platform roadmap. The company’s success is credited to helping customers prepare their data for AI and strategic investments and partnerships that drive sustainable global growth. CEO Vishal Marria emphasizes Quantexa’s commitment to empowering customers worldwide to tackle business challenges effectively.



Read more at GlobeNewswire:: Award-Winning Decision Intelligence Firm Quantexa