Tag: Quantexa

Quantexa snags three high profile hires

Posted on September 22, 2023 by - News

AI Big-Data outfit Quantexa has appointed three industry luminaries to its Advisory Board.

These hires include Ralph Schlosstein, former CEO of Evercore and former President of BlackRock, Matthew Gould, former CEO of NHSX, and Sir Jeremy Fleming, Former Director of GCHQ.

Ralph Schlosstein, former CEO of Evercore and former President of BlackRock, brings decades of experience in investment banking to Quantexa’s Advisory Board. His career includes playing a strategic role in helping the world’s largest asset management firm go public. Ralph’s financial understanding will be pivotal in shaping corporate strategy initiatives.

Quantexa invests £125 million in AI industry

Posted on July 10, 2023 by - News

Quantexa will invest an additional £125 million in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations.

By 2027, Quantexa’s total global investment in AI will reach more than £200 million.

The investment marks Quantexa’s continued advancements in AI with the preview of its Generative AI technology, Q Assist.

Quantexa snaps up Aylien

Posted on February 28, 2023 by - News

Quantexa has acquired a Dublin-based leader in natural language processing (NLP) and advanced AI outfit Aylien to help it collect, analyse, and understand unstructured text data.

This will be Quantexa’s first acquisition since the company raised $153 million in its Series D funding in late 2021 from Warburg Pincus and a group of blue-chip investors, this combination will see the company enter the $11 billion text analytics market.

Founded in 2012, Aylien’s solutions include a News API for building intelligent applications with aggregated multi-lingual content from over 80,000 trusted sources across the web, traditional media, and licensed news outlets.

Managers want to improve databases

Posted on January 30, 2023 by - News

A new report shows that IT decision-makers at organisations in banking, insurance, and the public sector across the US, Canada, and the UK are largely clueless about the accuracy of the data they store.

The research – commissioned by Quantexa found that 42 per cent of Data and IT leaders believe that all business units trust the accuracy of data available to them. In addition, more than one in five leaders (do not think their organisation is maximising the value of its data.

About half of the managers want to improve their data quality, which is a big change from 2021 when improving data quality was a top priority for only 26 per cent of organisations.