Day: March 5, 2025

Cargill expands utilization of Veson’s software and data suite to drive innovation and enhance their customers’ experience From left to right: Sean Riley, President and Chief Operating Officer, Veson Nautical John Veson, CEO, Veson Nautical Eric Aboussouan, Strategy and Digitalization Lead, Cargill Ocean Transportation Patrick Jourdain, Customer Lead, Car Photo caption: From left to right:Sean […]
Read more

UK AI leader accelerates growth plans as it reaches a USD 2.6 billion valuation

The funding will be used to develop new initiatives, strengthen Quantexa’s platform innovation and drive further growth in North America

LONDON and NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (“DI”) solutions for the public and private sectors, announced today that it has completed a USD 175 million Series F investment round, led by Teachers’ Venture Growth (“TVG”).

The latest round values the British tech company at USD 2.6 billion and this milestone is fueling Quantexa’s progress against its mission to help enterprises and government agencies across multiple markets stay ahead in the race for AI-driven DI.

The round was led by TVG, which is part of the CAD 255 billion international investor Ontario Teachers’ Pension Plan, with existing investors participating, including British Patient Capital. *As part of this funding, Ara Yeromian, 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).

Following this investment round, Quantexa will bolster its platform innovation efforts to elevate experiences for existing clients, create new partnerships and alliances, deepen its presence in North America and pursue selected M&A opportunities. TVG will leverage its expertise in successfully scaling high-growth AI and software companies, along with its extensive network, to support Quantexa’s strategic international expansion and growth plans.

This Series F investment comes just months after Quantexa achieved Centaur status, joining an elite group of SaaS businesses recognized for surpassing USD 100 million in ARR.

Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA, said: “Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact. Quantexa is revolutionizing how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders making a global difference. Quantexa’s impressive track record, expanding customer base, and bold approach to data and AI innovation make it a natural fit for our portfolio. We’re excited to support Vishal, and his world-class team scale the company internationally as they continue helping industry-leading organizations embrace AI-driven decision-making with confidence.”

The Next Step for One of AI’s Fastest Rising Players
As Quantexa works to further cement its leadership in the DI category, the company is fast-tracking its Microsoft partnership, launching an AI-powered workload for Microsoft Fabric and a cloud-native AML solution for U.S. mid-market banks via Azure Marketplace. Additionally, Quantexa is expanding its Public Sector Business Unit, doubling down on growing global demand, helping government agencies use structured and unstructured data to safely deploy AI across a range of uses cases.

Quantexa’s rapid growth underscores the demand for its DI Platform, helping enterprises and government agencies scale AI and data initiatives with greater speed and success. With nearly 40% license revenue growth and 23 new customers added in 2024, Quantexa’s reach now extends beyond financial services, with revenue from insurance, TMTE, and the public sector. The company has a growing global footprint of 16 offices and more than 800 employees.

Vishal Marria, Founder and CEO of Quantexa, 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.”

* Ara Yeromian’s appointment to Quantexa’s Board is subject to regulatory approval.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has over 800 employees and thousands of platform users working with billions of transactions and data points across the world. For more information visit www.quantexa.com or follow us on LinkedIn.

About Teachers’ Venture Growth
Teachers’ Venture Growth (TVG) focuses on late-stage venture and growth equity investments in cutting-edge technology companies worldwide. We partner with founders with bold missions, looking to expand their product offering, scale geographically, and become the leaders in their markets. We bring long-term thinking and active investing to help build better businesses and a better world. We think globally and act locally through our direct presence across Europe, North America and Asia.

TVG is part of the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), a global investor with net assets of CAD 255.8 billion as of June 30, 2024. We invest in more than 50 countries in a broad array of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture growth to deliver retirement income for 340,000 working members and pensioners.

Our more than 450 investment professionals operate in key financial centres around the world and bring deep expertise in a broad range of sectors and industries. We are a fully funded defined benefit pension plan and have earned an annual total-fund net return of 9.3% since the plan’s founding in 1990. At Ontario Teachers’, we don’t just invest to make a return, we invest to shape a better future for the teachers we serve, the businesses we back, and the world we live in. For more information, visit otpp.com/teachersventuregrowth and follow us on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Director and Growth Tech Lead, Fight or Flight
E: [email protected]

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: [email protected]
– or –
[email protected]

Teachers’ Venture Growth
Kekst CNC
[email protected]
Alisha Prakash
[email protected]

GlobeNewswire Distribution ID 1001051905

Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership

BARCELONA, Spain, March 05, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, and e& UAE, telecom arm of global technology group e&, announced a collaboration to advance e& UAE’s future of cloud-native converged packet core networks across 4G, 5G (NSA and SA) at Mobile World Congress in Barcelona. This marks a significant milestone in the journey towards next-generation connectivity and digital transformation.

This long-term partnership leverages cutting-edge technologies and advanced features, including AI-enabled 5G services, automation, and orchestration. This robust infrastructure is designed to support a wide range of future use cases, from enhanced mobile broadband and ultra-reliable low-latency communications to massive machine-type communications.

With Mavenir and e& UAE coming together, it sets the stage for innovative use cases, including smart cities, autonomous vehicles, industrial IoT, and immersive AR/VR experiences using the latest AI technology. The converged packet core environment ensures seamless transition and readiness for 6G capabilities, paving the way for future advancements in connectivity supporting the expanding business needs of e& UAE.

Pardeep Kohli, President and CEO of Mavenir: “We are thrilled to partner with e& UAE in deploying a state-of-the-art 5G core network. This collaboration underscores our commitment to driving innovation and delivering cutting-edge solutions that empower our customers. The advanced features and technologies integrated into this network will unlock new possibilities and set the foundation for future 6G capabilities.”

Khaled Al Suwaidi, core networks and platforms, e& UAE, said: “Our successful collaboration with Mavenir marks a significant step forward in our mission to provide world-class connectivity and digital services to our customers. The deployment of this advanced 5G core network not only enhances our current offerings but also positions us at the forefront of technological innovation. We look forward to exploring new areas together in AI, automation, orchestration, digital BSS, and RCS, to continue delivering exceptional value to our customers.”

Mavenir and e& UAE are committed to ongoing collaboration in various domains to drive continuous innovation and deliver transformative digital experiences to customers across the region.

About Mavenir

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

About e& UAE

e& UAE is the flagship telecom arm of e& in the UAE, built on a 5-decades legacy of connectivity excellence. Our mission is to deliver world-class superior connectivity experiences that fuel the UAE’s future-focused innovation.

Leveraging the latest world-class technologies, e& UAE aims to transform lives and industries, turning every connection into an opportunity for growth and every interaction into a transformative possibility.

We are focused on expanding our core services and digital marketplaces by enriching consumer value propositions that cater to new lifestyles and emerging demands beyond core telecom services, including health, insurance and gaming.

As a trusted enterprise partner, e& UAE continues to power entire industries with 5G and AI, delivering a tailored ecosystem of solutions to meet their connectivity needs and more, empowering them to automate, innovate, transform, and scale.

Strengthening our leadership position as an AI-powered telco, e& UAE delivers seamless connectivity, cutting-edge AI solutions, and sustainable innovation to uplift people and communities, and empower businesses and industries, so everyone thrives in a digital-first world.

To learn more about e& UAE, please visit: https://www.etisalat.ae

Media Contacts

For more information, please contact:

• Mavenir Media Relations: [email protected]
• e& UAE Media Relations: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5719a435-212f-48b7-b56f-e318b5f9a125

GlobeNewswire Distribution ID 9388902

Cargill expands utilization of Veson’s software and data suite to drive innovation and enhance their customers’ experience

BOSTON, Mass., March 05, 2025 (GLOBE NEWSWIRE) — Veson Nautical (Veson), a global leader in maritime data and freight management solutions, and Cargill have expanded their longstanding partnership to accelerate digital transformation in the maritime sector.

The Strategic Technology Agreement provides Cargill’s Ocean Transportation business with a broad range of access to the Veson portfolio, including Veson’s data intelligence capabilities and AI-enabled collaborative workflow solution Shipfix. Building upon their success in utilizing the Veson IMOS Platform, Cargill aims to simplify their technology ecosystem while driving efficiency, sustainability, and innovation across its global shipping operations.

“As Veson has invested in building a comprehensive set of solutions over recent years, we are thrilled for Cargill to benefit, extending our longstanding partnership,” said Sean Riley, Veson’s President and Chief Operating Officer. “The further work we are doing with Cargill highlights one of many ways we are partnering with our clients to propel the maritime industry forward.”

In addition to improving internal efficiencies, a key factor behind the collaboration is Cargill’s desire to provide their customers with an enhanced experience. As part of the strategic partnership, Veson is collaborating with Cargill to offer a customer-focused solution that integrates proprietary data, supplier information, and customer insights, enhancing Cargill and the shipping industry’s ability to make faster, data-driven decisions while enabling compliance with new industry regulations, including the International Maritime Organization and FuelEU initiatives.

“With a shared desire for digital transformation, open collaboration between our teams, and complementary strengths, skills, and focus points, Veson is the perfect partner to expand our relationship with,” said Eric Aboussouan, Strategy and Digitalization Lead for Cargill’s Ocean Transportation business. “They have set the standard for digital transformation in the shipping industry, with their IMOS Platform being the leading solution in the market. This partnership allows us to integrate our systems more seamlessly, providing customers a unified platform that enhances visibility, efficiency, and control over their freight procurement processes.”

To learn more about how Veson and Cargill plan to work together, and how Cargill’s customer experience would be enhanced, read this interview featuring Veson’s Sean Riley and Cargill’s Eric Aboussouan and Patrick Jourdain, Cargill Ocean Transportation Customer Lead.

About Veson Nautical

Veson Nautical empowers the global maritime industry to navigate compounding complexity on all sides of the trade. Multi-jurisdictional regulations, geopolitical disruptions, decarbonization, cybersecurity threats, and more are forcing industry participants to recalibrate their risk tolerance. By combining trusted maritime data with built-for-purpose workflows, Veson gives clients the decision-making confidence to manage risk and maximize profit.

With a heritage of innovation and expertise across all maritime related contracts, Veson serves more than 38,000 users across 2,400 companies in more than 100 countries and is uniquely positioned to enable a decision advantage.

Learn more at www.veson.com.

About Cargill

Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way. Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living.

Our approximately 160,000 employees innovate with purpose, providing customers with life’s essentials so businesses can grow, communities prosper, and consumers live well. With 160 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come.

For more information, visit Cargill.com

Kevin Baxter
Senior PR & Communications Manager
[email protected] 
+44 (0) 20233970102

Veson Nautical Press Team
Office +44 (0)20 3397 0102
[email protected] 

www.Veson.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dfaeea1-2246-4e3c-98ce-ba88cc641aaa

GlobeNewswire Distribution ID 9389320

Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership BARCELONA, Spain, March 05, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, and e& UAE, telecom arm of global technology group e&, announced a collaboration to advance e& UAE’s future of cloud-native converged packet core networks across 4G, 5G (NSA and SA) at Mobile […]
Read more