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

Quantexa aims to achieve an Average Return Rate (ARR) of $100 million by the end of 2024, driven by the growth of the smart decision-making A.I. market valued at $500 billion. New customers contribute to 20% of the average ARR for the fiscal year. The integration of data and A.I. strategies has boosted Quantexa’s average contractual value per year (ACV) by 15% for 2024.

Quantexa is a global leader in smart Decision Intelligence (DI) solutions for both public and private sectors. The company delivered strong business growth in the fiscal year 2024, leveraging platforms and solutions to sustainably expand geographically and across various industries. With over 700 employees worldwide, Quantexa achieved a 40% growth in ARR for its global smart decision-making solutions, maintaining a Net Revenue Retention (NRR) rate of 120%+.

In April 2023, Quantexa successfully completed a Series E funding round worth $129 million, elevating its total valuation to $1.8 billion. By July 2023, the company announced significant investments in global A.I. initiatives over the next three years to help customers advance their A.I. capabilities and drive organizational growth. These strategic moves aim to establish Quantexa as a leader in the smart decision-making category, fueling expansion into various industries worldwide.

Quantexa’s partnership with leading organizations such as Microsoft has resulted in swift adoption of its Smart Decision Intelligence platform, available on the Microsoft Azure Marketplace. Furthermore, collaborations with major healthcare institutions highlight the platform’s applications in aiding strategic decision-making processes. The focus remains on empowering customers to improve decision-making processes across various industries and sectors.

The platform leverages advanced A.I. models to enhance operational efficiency by providing reliable and accurate data. A study commissioned by Quantexa, conducted by Forrester TEI, demonstrates that customers realize a 228% return on investment (ROI) within three years. Quantexa continues to expand globally, consolidating its position as a leader in smart decision-making technology, with a large user base and a high NRR.



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