Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round

GIC leads funding round of $129 million with Warburg Pincus, Dawn Capital and other existing investors participating

Quantexa joins elite group of UK tech companies reaching breakout Unicorn status

LONDON and NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round secures the British tech company’s unicorn status with a valuation of $1.8 billion and will accelerate the execution of its growth strategy within the *$230bn Decision Intelligence category.

The round was led by GIC, a global institutional investor, and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. This investment comes less than 18 months after Quantexa closed its $157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.

In what has been a difficult period for many tech companies, Quantexa continues to post impressive growth, having grown their ARR over 100% since closing their Series D round. In the same time period, Quantexa has seen robust growth in all regions, including a breakout performance in North America, with an increase in ARR of over 180%.

The success comes on the heels of Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain, in November 2022. This new capital will ensure that Quantexa continues to grow its global presence and invest in its world-class engineering talent.

Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), natural language processing (NLP) and artificial intelligence (AI). Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte, and EY.

Deployed in more than 70 countries, thousands of users across banking, insurance, telecoms industries, and within public sector, rely on Quantexa’s outcome-driven solutions to protect, optimize, and grow their organizations. Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.

Vishal Marria, CEO of Quantexa said, “After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.

“It’s a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors – in our latest round. We warmly welcome GIC and thank our existing investors for their continued confidence in our ability to generate growth and accelerate the path to profitability.”

*Total addressable market (TAM) estimate is based on Quantexa proprietary research with data from sources including IDC, Chartis, GreySpark (GS), Allied Market Research, and Inkwood Research.

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 600 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. Its long-term approach, multi-asset capabilities and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000802066

EPAA confiscates 755 bird sound devices and 10 migratory birds, issues 4 violations

SHARJAH, As part of the campaign by the specialised teams in the 2023 wild bird migration season, the Environment and Protected Areas Authority in Sharjah (EPAA) confiscated 755 bird sound devices and ten migratory birds.

Four violations worth AED40,000 were also issued as part of the EPAA’s ongoing campaign to protect the environment, preserve biodiversity, and combat poaching.

In Sharjah, the External Inspection Department of the EPAA confiscated 732 devices, 21 in the city of Kalba and an additional two in the city of Khor Fakkan. Ten migratory birds were also confiscated in the city of Sharjah.

In cooperation with the Sharjah Central Region Police, the inspection teams raided two sites where two devices were confiscated and another farm where the birds were seized. Three devices were confiscated from the free zone in cooperation with the Sharjah Ports, Customs and Free Zones Authority in Al Hamriyah region.

wareness Campaigns Against Poaching, Spreading Environmental Awareness

Hana Saif Al Suwaidi, Chairperson of the Environment and Protected Areas Authority in Sharjah, said, “We are keen to carry out our tasks related to preserving and protecting the environment and spreading environmental awareness throughout society, in implementation and commitment to the directives of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. We are committed to translating his vision into preserving the environment, biodiversity, and environmental sustainability. Accordingly, the specialised teams roam various regions to detect and prevent poaching and confiscate illegal devices and equipment used to carry out these inhuman acts. They also carry out awareness campaigns about the dangers of poaching migratory birds and the need for residents to avoid it.

dverse Effects on Wildlife and Destruction of Natural Resources

l Suwaidi pointed out that the field tours carried out by the specialised teams in the new 2023 campaign resulted in the confiscation of 755 devices imitating the sounds of birds.

Illegal devices are used for hunting birds by attracting them through the sounds emitted, which leads to the gathering of birds in large numbers around them. Poachers then set up nets to capture the birds or by releasing birds of prey, such as falcons, to hunt them, which is illegal due to the adverse effects on wildlife and the destruction of natural resources.

The EPAA team’s report indicated that the date of the first arrest was 2nd March, 2023, and the type of violation was using devices to emit bird sounds in wild areas in the Khedira region. The raid was conducted in cooperation with the Maleiha Police Centre, and a fine was issued for AED10,000.

On 8th March, 2023, the teams seized another device that emitted bird sounds in the wildlife area of the Al Blaidah region, and a fine was subsequently issued for AED10,000.

On 21st March, 2023, two violations were committed. The first was in the Suhaila region, with a fine worth AED10,000. It concerned the use of devices emitting bird sounds on the farm and resulted from a raid in cooperation with the Al Dhaid police. The second violation was for possessing endangered migratory seabirds in the Al Khudaira area, where the raid took place in collaboration with the Maleiha Police Centre.

The Environment and Protected Areas Authority in Sharjah acknowledged the Executive Council’s decision to prohibit hunting wild and migratory birds. This decision is part of the collaboration in executing Administrative Resolution No. (9) of 2016, on the hunting, selling, and possessing of endangered wild and marine migratory birds in the Emirate of Sharjah and Executive Council Resolution No. (12) of 2014 regarding the ban on trading, selling, possessing, using, and importing devices emitting sounds of wild birds in the emirate.

Source: Emirates News Agency

UAE Falcons Federation joins the UAE National Olympic Committee’s membership

DUBAI, The UAE Falcons Federation today announced that it has officially joined the membership of the UAE National Olympic Committee.

The membership supports the Federation’s objectives to promote falcons racing and develop the traditional sport. It also strengthens the UAE Falcons Federation’s position as one of the key federations operating within the UAE’s sports sector.

The membership was approved unanimously during a virtual meeting of the Board of Directors of the UAE National Olympic Committee, chaired by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee. The meeting was attended by Dr. Ahmad Belhoul Al Falasi, First Vice President of UAE National Olympic Committee and Chairman of the Executive Office; Mohammad Al-Mahmoud, Second Vice President of UAE National Olympic Committee; Eng. Azza bint Sulaiman, Assistant Secretary General for Administrative and Financial Affairs of UAE National Olympic Committee, in addition to the Board members.

The UAE Falcons Federation’s Board welcomed the decision by the UAE National Olympic Committee to grant the Federation the membership. The decision comes as a culmination of the Federation’s efforts to develop the sport of falconry and promote its practice within the community through a series of initiatives and activities it has launched that fall within its objectives and strategic plans.

Rashid bin Markhan, Secretary General of the UAE Falcons Federation, highlighted the importance of joining the membership, which will further support the Federation’s mission to ensure the continuous development of the traditional sport and its sustainability.

Bin Markhan noted that the UAE Falcons Federation and the UAE National Olympic Committee will hold a series of joint meetings in the next phase to present the Federation’s upcoming tournaments and championships, which have become key events in the UAE sports agenda. The meetings will also showcase the key initiatives launched by the Federation as part of its strategy to enhance the practice of the sport, which forms an integral part of the UAE’s rich heritage and cultural identity.

Source: Emirates News Agency

Sheikh Saeed crowns winners of FIP Gold NAS Volleyball Championship

DUBAI, Sheikh Saeed Bin Maktoum Bin Juma Al Maktoum, President of the UAE Padel Association, crowned Benjamin Tison and Victor Mena as winners of the first International Padel Federation (FIP) Gold Category event of the season. The tournament was held as part of the 10th Nad Al Sheba Sports Tournament organised by the Dubai Sports Council (DSC) under the theme ‘Limitless Abilities’.

The tournament is the largest of its kind in terms of participation and prize money and has taken place every year since 2013 at the renowned Nad Al Sheba Sports Complex during the Holy Month of Ramadan.

Tison and Mena claimed victory after defeating Ruben Rivera and Andrea Mercadal 4-6, 6-3, 6-2 in a thrilling final on Sunday. The team of Sheikh Saeed and Arsham Morad, called ‘Uncle Saeed,’ failed to reach the semi-finals of the UAEPA 10 category, losing to Anshul Choubal and Ishaan Choubal 6-3, 3-6, 6-4, setting up a match with Nicola Sciascia and Biel Ballester, who defeated Issa Al-Marzouqi Sharif and Ahmed Mustafa 6-2, 3-6, 7-5.

In the women’s quarter-finals of the UAEPA 10 category, Maria Ibrahim and Amina Ali advanced after beating Arancha Suster and Mariana Norena 6-4, 5-7, 10-5; Aisha Al-Awadhi and Andrea Soto defeated Najla Issa and Noura Al-Hashemi 6-2, 7-5; Elizabeth Hernandez and Aisha Yateem overcame Fiana Hernandez and Tsedale Haptimer 6-0, 6-2; Guadeloupe de San Felix and Gabriela Duch prevailed over Khadeejah Sani and Hafsah Sani 7-5, 6-4, 10-8.

In the quarter-finals of the U-16 category, Ahmed Al Hashemi and Issa Ahli defeated Abdullah Ahli and Mohammed Ahli 6-4, 6-3; Faris Al Muhairi and Fahad Al Houli brushed aside Hamdan Al-Hashemi and Ahmed Al-Hashemi 6-0, 6-2; Rashid Kamal and Hamad Abdullah swept past Mohammed Abdullah and Mohammed Ahli 6-1, 6-1; Saif Al-Hammadi and Qassim Al-Sharafi beat Abdullah Al-Zarooni and Hamdan Kazim 6-0, 6-0. The volleyball tournament, which featured international players, witnessed another round of intense duels. Zabeel, led by top Iranian players, defeated Al Khalidiya 3-0, winning the closely contested first set and later never looking back, taking the next two sets without much fuss. Al Jawareh, last year’s runners-up, began their campaign with a 3-0 (25-13, 25-21, 25-23) victory.

bdulaziz Al Salman, Secretary General of the UAE Volleyball Federation, praised the success of the Nad Al Sheba Sports volleyball tournament in attracting top international players from around the world and creating a highly competitive environment. He noted that the tournament has been closely associated with the Nad Al Sheba Sports Tournament for the past decade and has grown into a significant competition at the local, Arab, and international levels. Al Salman applauded the organising committee for their continued efforts in maintaining the tournament’s popularity among fans during the Holy Month of Ramadan. He also highlighted the benefits of the tournament for the sport and players in the UAE.

Meanwhile, the Dubai Police GHQ team claimed the top spot in Group A of the wheelchair basketball tournament held at the Dubai Club for People of Determination after defeating the Dubai Courts team 31-20. The Al Bustan Centre and Residence team also secured a win by beating the Department of Finance 26-19. The RTA team defeated the Community Development Authority team 24-20 in Group B, while Dubai Ambulance beat Ability Life 28-18. The tournament featured international referees from the Basketball Association, including Hassan Haji, Yacoub Ghabish, and Salem Al Zaabi.

Egyptian star and Dubai Police player Ashraf Abu Zaid expressed his delight at participating in the tournament for the second time, and he hoped to win the championship again after being the top scorer of the tournament in the previous season. Abu Zaid also praised the Nad Al Sheba Sports Tournament’s special attention to people of determination.

Source: Emirates News Agency

RAK Ruler receives Ambassador of Guatemala

RAS AL KHAIMAH, H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today, at his Palace at the Saqr bin Mohammed City, Willy Gomez, Ambassador of the Republic of Guatemala to the UAE, and discussed with him the cooperation between the two countries across various sectors.

Welcoming Ambassador Gomez, H.H. Sheikh Saud commended the friendship that the two countries share, which help ensure further progress and prosperity for their peoples.

In turn, the Ambassador of Guatemala expressed his thanks and appreciation to the Ruler of Ras Al Khaimah for the warm welcome and hospitality.

Source: Emirates News Agency

Dubai logs over AED2.7bn in realty transactions Tuesday

DUBAI, Dubai real estate market recorded 551 sales transactions worth AED1.78 billion on Tuesday, in addition to 91 mortgage deals of AED901.27 million, and 24 gift deals amounting to AED43.12 million, data released by Dubai’s Land Department (DLD) showed.

The sales included 469 villas and apartments worth AED1.2 billion, and 82 land plots worth AED579.93 million.

The mortgages included 76 villas and apartments worth AED867.94 million and 15 land plots valued at AED33.33 million, bringing the total realty transactions of today to over AED2.7 billion.

Source: Emirates News Agency