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Quantexa raises $129M at a $1.8B valuation to help navigate online fraud and customer data management

Quantexa, which provides AI and other tools to major banks and others in financial services, governments and other organizations, just raised $129M. ....

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UK-based Quantexa, which uses AI to help businesses prevent online fraud and manage customer data, raised a $129M Series E led by GIC at a $1.8B valuation

Financial fraud and other online crime continue to present major threats to businesses, and they remain a key focus for regulators requiring more rigorous… ....

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Quantexa doubles revenues

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Quantexa doubles revenues
Source: Quantexa
Quantexa, the data and analytics software company pioneering Contextual Decision Intelligence (CDI), today announced it more than doubled revenues during fiscal year 2020, with 67% coming from new client wins.
Beyond the Financial Services market, where Quantexa is a well-established leader and continues to see exponential growth, it also showed spectacular growth of over 440% in vertical industries including Government.
In the midst of a pandemic, London-based Quantexa raised $65 million in Series C funding in July 2020, with new and existing investors including Evolution Equity Partners, British Patient Capital and ABN AMRO. ....

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