From GlobeNewswire: 2024-06-05 15:56:00

Quantexa is set to reach $100 million in ARR by the end of 2024, driven by the growing Decision Intelligence Market valued at $500 billion. New enterprise customers contribute 20% (+) to FY ARR; meticulous Data and AI strategies raise Quantexa’s average contract value by 15% in FY24.

In London and New York on June 06, 2024, Quantexa, a global leader in Decision Intelligence solutions, reports sustained global business growth in FY 2024, achieving a 40% increase in global Decision Intelligence ARR and a net retention rate of 120% (+). The company, founded in 2016 in London, now employs over 700 team members globally in 15 locations.

Key Financial Highlights for FY 2024 include acquiring new Tier 1 customers in banking, insurance, telecommunications, media, technology, and the public sector, contributing 20% (+) to the FY ARR. The Decision Intelligence ARR growth exceeds 30% in America and over 50% in Europe and the Middle East. The company’s success also involves a 30% increase in ARR across the full range of Data Management and Financial Crime Solutions, driving significant YoY revenue growth.

In FY 2024, Quantexa surpassed 750 global employees, with over 16,000 active Decision Intelligence Platform users and a Net Retention Rate of 120% (+). Vishal Marria, Founder and CEO of Quantexa, attributes the company’s strong global growth to their data preparation for AI, investments, and strategic partnerships, highlighting the commitment to empowering customers worldwide to address challenges.

Quantexa’s innovative Decision Intelligence Platform boosts operational performance with over 90% accuracy and analytic model resolution 60 times faster than traditional methods. An independent Forrester Total Economic Impact study found a three-year ROI of 228% for customers using the Decision Intelligence Platform. Established in 2016, Quantexa now has thousands of platform users processing billions of transactions and data points globally.



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