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

Quantexa, a global leader in decision intelligence solutions for public and private sectors, projected to reach $1 billion in ARR by the end of 2024 thanks to a 20%+ increase in ARR growth rate for the fiscal year. The company secured new enterprise customers contributing to market expansion. ARR for decision intelligence globally increased by 40% in FY24, with a net retention rate exceeding 120%.

Established in 2016, Quantexa employs over 700 teams across 15 regions globally. Notably, the decision intelligence ARR increased by over 30% in North America and over 50% in Europe and the Middle East. Solutions in data management and financial crime saw a 30% growth in ARR, addressing industry challenges and providing revenue opportunities for leading players.

In the fiscal year 2024, Quantexa closed a Series E funding round of $129 million, valuing the tech Unicorn at $1.8 billion. Strategic investments aim to accelerate growth within the $500 billion DI sector. Prominent partnerships with Microsoft allow immediate access to Quantexa’s decision intelligence platform via the Azure Marketplace for financial services and government institutions. Quantexa also plans to exclusively offer the platform to mid-sized US banks.

Quantexa’s founder and CEO, Vishal Marria, emphasized strong customer support and strategic investments as key drivers for the company’s robust growth and market leadership. The decision intelligence platform boasts a 228% ROI over three years, showcasing Quantexa’s commitment to solving complex challenges across industries and delivering quality results to customers.



Read more at GlobeNewswire:: 수상 실적에 빛나는 의사결정 인텔리전스 회사 Quantexa, 빨라지는 글로벌 모멘텀 속 강력한