Quantexa, a developer of decision intelligence (DI) solutions, has acquired Ireland-based Aylien, which builds NLP and advanced AI tools for data to collect, analyse and understand unstructured data.
Quantexa hopes this deal will enable it to enter the $11bn text analytics market. It will also accelerate its business growth strategy to provide enhanced value to existing customers and create offerings for adjacent markets in the $230bn Decision Intelligence space.
Founded in 2012, Aylien offers a News API that can build intelligent applications with aggregated multi-lingual content from over 80,000 trusted sources across the web, traditional media and licensed news outlets.
The company also offers an application for analysts to identify, investigate and monitor news data to assess critical business risks and opportunities.
The combined offering will empower customers to build real-time and reliable streams of actionable insights across risk and compliance practices and identify new opportunities fro growth. They claim customers will be able to stay ahead of potential risks with the ability to proactively monitor their entire risk landscape across ESG, third-parties, reputational issues and operations beyond compliance and controls.
Speaking on the deal, Quantexa CEO Vishal Marria said, “Aylien is a first-class organisation with an impressive team that continues to push the boundaries of what is possible in NLP.
“Their unique approach and commitment to combining research and commercial software development has allowed Aylien to deliver significant value to their customers using AI to extract intelligence for critical decision making. Our organisations are strongly aligned when it comes to how we build our solutions and our cultural values.”
Following the close of the deal, Quantexa plans to bolster R&D investments in the AI and NLP space.
Aylien CEO Parsa Ghaffari added, “Quantexa is experiencing remarkable growth and I am confident that they will leverage Aylien’s offerings and bring their benefits to new solutions and customers. We are excited about the expanding opportunities we will have as part of the Quantexa team.”
This deal is Quantexa’s first acquisition since its $153m Series D funding round in late 2021. The investment was led by Warburg Pincus and supported by a slew of undisclosed blue-chip investors.
Quantexa has had a strong past few months. It recently opened new technology and analytics hub in Malaga Tech Park, Spain. It also reported a strong fiscal year 2022, with a 144% net retention rate and 70% increase in committed ARR across the year.
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