Quantexa, a UK Unicorn, Strikes Major Deal with Microsoft for AI-Driven Data Intelligence

Quantexa, a UK based tech unicorn, is rapidly expanding its presence in the data intelligence sector through a noteworthy alliance with Microsoft. As of now, Quantexa's AI-driven platform designed to aid financial institutions in fighting fraud is available on the Microsoft Azure Marketplace. This strategic move opens up new avenues for immediate access to Quantexa's cutting-edge technology for users worldwide.

Expanding Global Footprint

London-headquartered Quantexa is not just a fledgling company; it has a solid establishment with offices in multiple cities across the globe, including Dublin, Brussels, Malaga, UAE, New York, Boston, Toronto, Sydney, Melbourne, and Tokyo. It already has a well-established partner network with notable names such as PWC, EY, Dun & Bradstreet, KPMG, and Moody's. Its recent deal with Microsoft symbolizes a significant step, as Quantexa plans to leverage Microsoft’s robust market presence to draw in medium-sized US banks to its platform.

Achievements and Future Plans

The company, which achieved its unicorn status in April of the previous year after a Series E funding round drove its valuation up to $1.8 billion, made this Microsoft partnership public at its annual flagship event, QuanCon24. At the conference, Quantexa announced new features for its platform including the Q Assist AI assistant, originally mentioned last year and now being piloted in sectors like banking, telecommunications, and government to combat financial crime and manage risk. Additional updates previewed include advanced analysis capabilities for unstructured data and enhancements that ease the deployment of Quantexa’s services, including no-code and low-code tech solutions.

Quantexa and Microsoft: Innovating Together

Dan Higgins, the Chief Product Officer of Quantexa, emphasized the firm's commitment to decision intelligence and the desire to continuously refine their technology to aid companies and governmental agencies in improving their decision-making processes. The fresh collaboration with Microsoft reaffirms this dedication to delivering accessible solutions to clients. Meanwhile, Microsoft’s Tyler Pichach, Director of Financial Services Strategy, highlighted the importance of data and AI in financial operations, and how the partnership will drive joint innovation to assist customers across various industries in overcoming their most significant challenges.

Quantexa, Microsoft, Azure