Quantexa, which is backed by HSBC and Warburg Pincus, has attracted investment from a Singaporean state investment fund that will value the company at more than $1bn, Sky News learns.
Quantexa, a British data analytics company, is bucking the recent trend of technology company valuations by raising a new round of funding that will hand it coveted 'unicorn' status.
Sky News has learnt that Quantexa has secured backing from a syndicate of investors including a Singaporean sovereign wealth fund.The new investment, which Singapore's Government Investment Corporation is said to be a major contributor to, represents a significant vote of confidence in Quantexa and its founder, Vish Marria.
Quantexa specialises in providing data analysis services to clients in the banking and insurance sectors as well as government organisations.Last year, it said it worked with seven of the top ten UK and Australian banks, and six of the top 14 financial institutions in North America, with flagship customers such as HSBC and Standard Chartered.
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