A&O flexes AI expertise to advise on UK's first unicorn round of 2023

Published Date
Apr 12, 2023
Allen & Overy has advised AI Quantexa Limited (Quantexa) on its USD129m Series E Funding Round, which values the company at USD1.8bn. The transaction means that Quantexa is the UK’s first new tech unicorn of 2023, joining a select club. (“Unicorns” are privately owned start-up OR venture-capital backed companies which achieve a valuation of over USD1bn). 

Quantexa is a global leader in decision intelligence (DI) solutions. Quantexa’s DI software uses big data, natural language processing and advanced AI to interpret data sets, drawing together an institution’s internal datasets with external data to help financial firms manage risk, by verifying user identities, detecting money laundering and carrying out financial investigations. The software can reveal hidden connections and relationships between people and organisations, surfacing suspicious activities for future investigations. Quantexa is using some of the same techniques to build out bigger user “graphs” for business intelligence and customer relationship management purposes.

The deal was led by Partner Will Samengo-Turner, with support from senior associate Sam Brooks and associate Philip Whitehead. Specialist advice was provided by Karishma Brahmbhatt (DP, IT and IP), Tom d'Ardenne (Sanctions and Export Controls), Maura Rezendes and Kuang Chiang (CFIUS).

Will Samengo-Turner, Lead Partner, commented: “We’re proud to support Quantexa on this exciting next step in their journey.  The transaction not only reflects A&O’s market-leading expertise in cutting-edge tech but also our commitment to the sector’s most innovative businesses as they scale”.

The transaction not only reflects A&O�s market-leading expertise in cutting-edge tech but also our commitment to the sector�s most innovative businesses as they scale.


William Samengo-Turner


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