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

Quantexa sets $100M in ARR goal by end of 2024, driven by growing Decision Intelligence Market worth $500B. New enterprise customers contribute over 20% to fiscal year ARR. Close data-company AI strategy sees Quantexa’s average contract value increase 15% in mixed ACV in FY24.

In the financial year 2024, Quantexa acquired new tier 1 customers across banking, insurance, telecom, media, tech, and public sectors, boosting market expansion strategies. Over 25% of the world’s top 50 banks now use Quantexa’s Decision Intelligence Platform. ARR growth surpasses 30% in America and 50% in Europe and the Middle East.

Quantexa pledged to invest heavily in global artificial intelligence (AI) industries over the next three years to help customers enhance AI use. They also opened new headquarters in Singapore as part of broader regional expansion, following operations in Japan and Australia. The platform was adopted by the Civic Health Innovation Lab of the University of Liverpool and Microsoft in significant partnerships.

Quantexa achieved strong global growth in FY24 with over 750 employees, 16k active Decision Intelligence Platform users, and a Net Revenue Retention Rate (NRR) exceeding 120%. Founder and CEO Vishal Marria attributed this growth to data-driven AI solutions and strategic investments, leading the company to empower customers across industries worldwide.



Read more at GlobeNewswire:: Pemenang Anugerah Firma Perisikan Keputusan Quantexa