Quantexa Reaches Centaur Status, Surpassing $100 Million ARR

Quantexa's strong innovation pipeline, global presence and go-to-market strategy set the stage for continued growth, supporting its expanding customer base in building trusted data foundations for AI Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has surpassed $100 million in annual recurring revenue (ARR). This accomplishment sees Quantexa achieve Centaur status, joining an elite group of SaaS businesses...

LONDON, 29/10/2024 (informazione.it - comunicati stampa - economia)

Quantexa , a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has surpassed $100 million in annual recurring revenue (ARR). This accomplishment sees Quantexa achieve Centaur status, joining an elite group of SaaS businesses recognized in this category - first introduced by Bessemer Ventures Partners .

Achieving Centaur status is seven times rarer than becoming a Unicorn. In April 2023, Quantexa announced that it had achieved Unicorn status, following the completion of its $129 million Series E funding round. The round gave the company a post-money valuation of $1.8 billion. As the latest organization to gain Centaur status, the UK-founded business joins an elite group of companies worldwide that achieve this recognition each year.

Vishal Marria, Founder and CEO of Quantexa, said: “As a UK-founded business, we strive to remain at the forefront of tech innovation, penetrating new markets and industries. At Quantexa, we've experienced growth on an unprecedented scale. Thanks to the support of our talented team, trust of our growing customer base, the enthusiasm of our widening partner ecosystem, and the shared vision of our investors, we've been able to invest to grow our platform capabilities and global presence which is underpinning our strong momentum leading to this achievement.”

Marria continued, “With a strong platform foundation and innovation pipeline, global footprint and scalable go-to-market strategy, we are well positioned to continue expanding and growing our customer base and meet the demand for cutting edge data unification and generative AI solutions. We are seeing organizations turn to AI to enable multiple use cases, and what we are discovering is that without an enterprise-wide data foundation, it is not possible to operationalize data at scale. Clients are partnering with Quantexa to clean, curate, and contextualize data quickly, preparing it for a range of AI initiatives.”

Recent Significant Business Milestones Since Start of its 2024 Fiscal Year:

Decision Intelligence Represents a Multi-Billion-Dollar Market Opportunity
Quantexa's growth comes at a time of increased demand for Decision Intelligence (DI) solutions from enterprises and government agencies, looking to effectively harness the power of connected, accurate data and AI to enhance decision-making and operational efficiency.

Utilized across more than 100 countries, leveraging data globally, Quantexa's solutions help tens of thousands of users in banking, insurance, TMTE, and the public sector to solve their biggest challenges and identify new opportunities for growth. Quantexa is well equipped to help customers connect and operationalize their data across departments and functions to create an enterprise-wide data estate for faster, better business outcomes. Quantexa's Decision Intelligence Platform enables organizations to consistently collect and unify data no matter where or what system it resides in, use knowledge graphs to safely train private AI models, and deploy Generative AI to augment and automate decision making.

The company was recently recognized by IDC as a leader in its Worldwide Decision Intelligence Platform Vendor Assessment , outlining the organizations leading the Decision Intelligence category.

Strong Product Innovation Pipeline Strategic to Next Wave of Growth
To fuel its next wave of growth, Quantexa confirmed that it has a series of new platform capabilities, product, and solution launches scheduled to start rolling out in the first half of 2025. Highlights will include:

To learn more about how your organization can put decision intelligence to work or to read Forrester's Total Economic Impact™ of the Quantexa Decision Intelligence Platform, visit here .

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa's Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has over 800 employees and thousands of platform users working with billions of transactions and data points across the world.

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