UK artificial intelligence leader and unicorn Quantexa has announced today that it’s completed a USD $175 million (£136m~) Series F investment round.

Following this latest round, the British tech company has now been valued at USD $2.6 billion (£2bn~).

The round was led by Teachers’ Venture Growth (TVG), which is part of the CAD $255bn international investor Ontario Teachers’ Pension Plan, with existing investors participating, including British Patient Capital.

Founded in 2016, Quantexa is an AI software company pioneering “Decision Intelligence” (DI) to help organisations make trusted operational decisions around major challenges, with data, thanks to its platform.

The firm, which achieved unicorn status in 2023, said that following the investment round it’ll deepen its presence in North America, pursue selected mergers and acquisitions opportunities, and elevate experiences for existing clients.

As part of the funding, Ara Yeromian, who serves as managing director at TVG, will join Quantexa’s board, which includes representation from existing investors (Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC, and HSBC).

This Series F investment comes months after Quantexa achieved Centaur status, joining a group of SaaS businesses recognised for surpassing USD $100 million in annual recurring revenue.

Founder and CEO of Quantexa, Vishal Marria, said: “AI is a once-in-a-generation technology transforming industries, redefining operations, and creating entirely new processes.

“From day one, Quantexa has been at the forefront of this revolution, helping enterprises create trusted, curated data to unlock AI’s full potential.

“This latest investment reflects investors’ embracing our vision and committing to join our journey as we accelerate innovation, platform deployments, and amplify the value we deliver to clients and the broader ecosystem.

“With the continued support of our investors, now including TVG, we are poised to push the boundaries of AI by harnessing the power of trusted data, reinforcing our leadership in this rapidly evolving landscape.”

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Around this time last year, DIGIT staff writer Elizabeth Greenberg interviewed Quantexa CTO Jamie Hutton on AI, fraud detection and prevention, and the company’s advancing work.

Read the full interview here.