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

Quantexa projects $100M ARR by 2024 in the growing $500B Decision Intelligence market. New business customers contributed 20% to ARR. Tight integration of enterprise data and AI strategies will increase average contract value by 15% in 2024. The company closed FY 2024 with a 40% ARR increase in Decision Intelligence. Financially, the ARR grew over 30% in America and over 50% in Europe and the Middle East, driven by new Tier-1 customers in banking, insurance, telecommunications, media, technology, and the public sector. Over 25% of the world’s 50 largest banks have implemented Quantexa’s Decision Intelligence platform. The successful acquisition of Aylien led to a 16% annual revenue growth in the News Intelligence offering. Quantexa achieved unicorn status with a $1.8B valuation after a $129M Series E funding round. They plan to invest heavily in AI over the next three years. The establishment of new headquarters in Singapore is part of a larger regional expansion plan, following the opening of a branch in Tokyo and existing presence in Australia and Malaysia. The company entered a strategic partnership with Microsoft to make the Decision Intelligence platform available on the Microsoft Azure Marketplace for financial services and government sectors. Quantexa ended FY 2024 with over 750 employees globally, 16k active users, and a 120% net retention rate. CEO Vishal Marria attributes the company’s success to their ability to help customers leverage data for AI and strategic investments and partnerships. If you want to learn more about how industry leaders achieve a 228% ROI with Quantexa’s Decision Intelligence platform within three years, download the Forrester Total Economic Impact study.



Read more at GlobeNewswire:: Preisgekröntes Decision Intelligence-Unternehmen Quantexa