Quantexa, a London-based decision intelligence company, has completed a $175m (£137m) Series F funding round, led by Teachers’ Venture Growth (TVG). The latest investment values the company at $2.6bn (£2bn) and will support its continued expansion and technology development.
The funding round was led by TVG, part of the Ontario Teachers’ Pension Plan, with participation from existing investors, including British Patient Capital. As part of the investment, Ara Yeromian, managing director at TVG, will join Quantexa’s board, subject to regulatory approval. Other investors represented on the board include Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC and HSBC.
The company plans to use the funds to strengthen its platform, expand its presence in North America and pursue acquisition opportunities. TVG has stated that it will support Quantexa’s international expansion, drawing on its experience in working with AI and software firms.
Quantexa has been expanding rapidly, recently surpassing $100m in annual recurring revenue, a milestone that places it among a select group of cloud-based businesses. It has also reported nearly 40% license revenue growth and added 23 new customers in 2024.
“Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact,” said Avid Larizadeh Duggan, senior managing director and head of TVG in EMEA. “Quantexa is revolutionizing how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders making a global difference.”
Quantexa is working to expand its partnership with Microsoft, launching an AI-powered workload for Microsoft Fabric and a cloud-native AML solution for mid-market banks in the US via Azure Marketplace. The company is also increasing its focus on the public sector, aiming to help government agencies integrate AI into their data-driven decision-making processes.
With a growing global footprint, Quantexa now has 16 offices and more than 800 employees. Founder and CEO Vishal Marria said: “AI is a once-in-a-generation technology transforming industries, redefining operations, and creating entirely new processes. From day one, Quantexa has been at the forefront of this revolution, helping enterprises create trusted, curated data to unlock AI’s full potential.
“This latest investment reflects investors’ embracing our vision and committing to join our journey as we accelerate innovation, platform deployments, and amplify the value we deliver to clients and the broader ecosystem. With the continued support of our investors, now including TVG, we are poised to push the boundaries of AI by harnessing the power of trusted data, reinforcing our leadership in this rapidly evolving landscape.”
Image source: Quantexa
