28 February 2023
Quantexa Acquires Aylien an Award-Winning Provider of AI-Based Risk & Market Intelligence Solutions
Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has acquired Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI to empower its customers to collect, analyze, and understand unstructured text data. **According to Gartner®, “end-users report unstructured data within their organizations is growing more than 30% year-over-year.”
Marking 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 $11bn 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 $230bn 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 innovative 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.
With the acquisition completed, 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 program based in Dublin, Ireland, that currently boasts 30-plus team members and four world-class university partnerships. Today, the team supports over 40 enterprise customers and has produced research cited in over 700 academic publications.