Quantexa has achieved unicorn status in the UK tech industry, with a valuation of $1.8bn, following a $129m Series E funding round led by GIC.
The company plans to use the funding to drive global expansion, hire additional engineers, enhance its technology, and collaborate with partners.
Vishal Marria, CEO of Quantexa, said: “This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.
“In a challenging market, we have doubled our ARR, and our user base, and continue to penetrate new markets and industries.”
Other participants in the round included Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, and AlbionVC.
Passing the $1bn valuation follows Quantexa’s $157m Series D round in July 2021 and its recent acquisition of Aylien.
