Quantexa Raises $175M at $2.6B Valuation to Fuel AI Data Analytics Growth

Quantexa Raises $175M at $2.6B Valuation to Fuel AI Data Analytics Growth

British startup Quantexa has made a name for itself over the years with its enterprise platform that employs AI and data analytics to fight money laundering and fraud. Image Credits:Who_I_am / Getty Images Today, the company said it has raised a fresh $175 million to double down on that business and move deeper into another hot area: helping organizations understand and better use data across various silos to build and run AI services. The funding, a Series F, values Quantexa at $2.6 billion post-money — a significant jump from its last valuation of $1.8 billion in 2023. Teachers’ Venture Growth (TVG), a division of the Ontario Teachers’ Pension Plan in Canada, led the deal, which also saw participation from previous backer British Patient Capital. The startup has raised just under $550 million to date, per PitchBook. The funding is coming at a flush moment for the nine-year-old startup. The company says it has “thousands of users” on its platform, and its list of enterprise customers inc…