Quantexa says the partnership will help it accelerate the growth of its AI-enabled network analytics technology which provides enterprise-wide solutions serving multiple use cases including fraud detection, money laundering prevention, credit risk decisioning and customer insights.
The investment follows a Series B funding raise in July when Quantexa raised $20 million from HSBC, Albion Capital and Dawn Ventures.
“We are delighted to have Macquarie become part of the Quantexa journey,” said Vishal Marria, chief executive of Quantexa.
“Quantexa is at the forefront of helping to innovate how multi-national businesses solve their most pressing challenges, related to risk and entity resolution,” said Miki Edelman, head of Strategic Client Solutions, Cash Equities at Macquarie Group.
“We look forward to participating in Quantexa’s continued growth and innovation.”