Quantexa nabs $175M at a $2.6B valuation to double down on data analytics for AI

AI Analysis

R Quantexa, a London-based startup, has been making a name for itself in the fight against financial crimes by leveraging AI and data analytics. Their enterprise platform has garnered significant attention in the industry.The recent announcement of $175 million in new funding is a significant boost to their operations, enabling them to further develop and refine their technology. This injection of capital also underscores the company's commitment to its core business.Beyond its existing focus on combating money laundering and fraud, Quantexa is now looking to expand its reach into other areas, such as helping organizations across various sectors. This strategic move positions the company for future growth and opens up new avenues for innovation.

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Original Article

London startup Quantexa has made its name over the years with an enterprise platform that employs AI and data analytics to fight money laundering and fraud. Today, it is announcing new funding of $175 million to double down on that business while also moving deeper into another hot area: using its technology to help organizations […]

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