Quantexa acquires AI start-up Aylien
Quantexa has acquired Dublin-based start-up Aylien, combining its decision intelligence platform with Aylien’s advanced AI and natural language processing (NLP) to boost customers’ ability to unify the world of structured and unstructured data to augment and automate decision making.
The deal is Quantexa’s first acquisition since the company raised $153 million in Series D funding in late 2021 from Warburg Pincus and a group of blue-chip investors, this deal will see the company enter the $11 billion text analytics market. The move accelerates the next phase of Quantexa’s business growth strategy to provide enhanced value to existing customers and create offerings for adjacent markets in the $230 billion decision intelligence space.
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. Aylien also provides an application for analysts to proactively identify, investigate, and monitor news data to assess critical business risks and opportunities.
Aylien’s offerings in market insights and risk management immediately expand the portfolio of solutions Quantexa can offer in multiple industries. The joint offerings will empower customers to create real-time and reliable streams of actionable insights across risk and compliance practices and identify new opportunities for growth. Customers will be able to stay one step 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.
Quantexa plans on increasing R&D investments in the AI and NLP space. Quantexa will build on the success of Aylien’s advanced state-of-the-art deep learning-based NLP research programme based in Dublin. Today, the team supports over 40 enterprise customers and has produced research cited in over 700 academic publications.
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.”
“For over a decade we have helped our customers become more efficient and resilient by using our cutting-edge AI to allow them to put their data in context and make confident decisions,” said Parsa Ghaffari, Aylien CEO. “In the last few months, we have worked closely with Quantexa’s leadership team and have seen first-hand how closely our cultures and R&D efforts align. 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.”