Overview
Quantexa, a UK-based AI financial crime fighting unicorn, raised $175 million in its Series F funding round, achieving a valuation of $2.6 billion. The funding included $114 million in new equity, aimed at enhancing its platform that helps organizations detect fraud and assess risk by connecting various data points. The company reported a 49% revenue increase to £126 million, while pre-tax losses decreased to £25 million. Key clients include HSBC and Vodafone, and Quantexa plans to expand further in banking, government, insurance, and telecommunications sectors.
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Quantexa, a UK-based AI financial crime fighting unicorn, raised $175 million in its Series F funding round, achieving a valuation of $2.6 billion. The funding included $114 million in new equity, aimed at enhancing its platform that helps organizations detect fraud and assess risk by connecting various data points. The company reported a 49% revenue increase to £126 million, while pre-tax losses decreased to £25 million. Key clients include HSBC and Vodafone, and Quantexa plans to expand further in banking, government, insurance, and telecommunications sectors.