Cary brings private equity and investment experience, having served as Managing Director at Warburg Pincus since 1994. Prior roles include executive support at Dell Computer and analytical work at McKinsey and Company.
The financing values the decision intelligence provider at $2.6bn and was led by Teachers Venture Growth.
"Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact. Quantexa is revolutionising 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 organisations embrace AI-driven decision-making with confidence."
— Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA
GIC led the Series E round, which values the decision intelligence provider at $1.8bn.
"After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future."
The data privacy platform aims to accelerate international expansion and increase headcount following backing from Warburg Pincus.
"Large enterprises in regulated industries like financial services and healthcare have been early adopters of data privacy solutions, but all companies should look for ways to use data more safely and more effectively. Managing sensitive data at enterprise scale and complexity is a real challenge for even the most sophisticated data organizations. By automating the enforcement of data protection strategies, Privitar’s platform makes this achievable in any data-driven organization. We are excited to partner with Warburg Pincus as we continue to pioneer the category."
