London-based Quantexa has announced it has raised $175 million in Series F funding, increasing its valuation to $2.6 billion. The startup, known for its AI and data analytics platform that fights money laundering and fraud, plans to expand its services to help organizations effectively utilize their unstructured data for AI applications. With major clients including Vodafone and HSBC, the company aims to support the growing adoption of AI in both public and private sectors. The funding comes at a time when organizations face the challenge of managing legacy data to optimally deploy AI solutions.
Quantexa's new funding of $175 million will expand its AI and data analytics platform capabilities to combat fraud and enhance data organization for various sectors.
With its valuation reaching $2.6 billion, Quantexa aims to leverage new funding to grow further in AI services while tackling unstructured data challenges.
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