Latest news with #SeriesF
Scotsman
08-07-2025
- Business
- Scotsman
UK-based software company welcomes two tech trailblazers to its team
The pair's expertise will help the company ensure businesses make trusted operational decisions with data | Shutterstock A UK-based software company is excited to announce the appointment of two technology trailblazers to their team today (8) - one of which is a current member of the UK House of Lords. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Quantexa, a global AI, data and analytics software company pioneering Decision Intelligence (DI), will welcome Steven Guggenheimer, former corporate vice president at Microsoft and Franck Petitgas, former global heard of investment banking at Morgan Stanley - and a current member of the UK House of Lords - to their Advisory Board this year. The pair's expertise will help the company ensure enterprises make trusted operational decisions with data in context by using Quantexa's Decision Intelligence platform - which helps organisations uncover hidden risks and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. The appointment's come following a $175 million Series F funding round and a growing customer base that has some of the world's leading banks and government agencies. Quantexa's increased focus on expanding its global footprint and advancing its Decision Intelligence Platform helps enterprises achieve better business outcomes in highly regulated industries. Vishal Marria, CEO & Founder, Quantexa, said: 'We are adding to our powerhouse Advisory Board to match our category-defining ambitions. 'Steven and Franck bring extraordinary expertise across technology, finance, and policy. 'Their guidance will help us further accelerate our mission to become the global standard for trusted decision-making in the AI era.' Guggenheimer is a 30-year enterprise technology veteran and has held senior leadership roles at Microsoft, including Corporate VP of AI & ISV Engagement. He is recognised for building scaled platform strategies, partner ecosystems, and go-to-market engines in cloud and AI. His expertise will be instrumental as Quantexa expands its platform, deepens strategic partnerships, and accelerates commercial growth across key geographies. 'Quantexa is tackling one of the most important challenges in AI today - turning siloed data into trusted, contextual insights at scale to drive augmented and automated decisioning,' Guggenheimer, said. 'The team has the right vision, platform, and momentum to lead this category, and I'm thrilled to support their journey.' Petitgas brings global financial and macro strategy insights. With more than three decades at Morgan Stanley, including serving as Global Co-Head of Investment Banking, and subsequently as the adviser on business and investment to the former U. K. Prime Minister, he adds invaluable perspective at the intersection of global finance, regulation, and digital transformation. His experience will support Quantexa's growth with global clients and strategic partners. Franck Petitgas said: 'Quantexa has developed a world class data and AI driven decision-making platform that helps its clients deliver growth and efficiency. 'I look forward to helping the company scale its impact internationally with global clients and in the capital markets.' To learn more about Quantexa's Leadership, visit: *Appointment was subject to the standard ACOBA approval process. This article is produced by SWNS based on content distributed by GlobeNewswire.
Scotsman
08-07-2025
- Business
- Scotsman
UK-based software company welcomes two tech trailblazers to its team
The pair's expertise will help the company ensure businesses make trusted operational decisions with data | Shutterstock A UK-based software company is excited to announce the appointment of two technology trailblazers to their team today (8) - one of which is a current member of the UK House of Lords. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Quantexa, a global AI, data and analytics software company pioneering Decision Intelligence (DI), will welcome Steven Guggenheimer, former corporate vice president at Microsoft and Franck Petitgas, former global heard of investment banking at Morgan Stanley - and a current member of the UK House of Lords - to their Advisory Board this year. The pair's expertise will help the company ensure enterprises make trusted operational decisions with data in context by using Quantexa's Decision Intelligence platform - which helps organisations uncover hidden risks and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. The appointment's come following a $175 million Series F funding round and a growing customer base that has some of the world's leading banks and government agencies. Quantexa's increased focus on expanding its global footprint and advancing its Decision Intelligence Platform helps enterprises achieve better business outcomes in highly regulated industries. Vishal Marria, CEO & Founder, Quantexa, said: 'We are adding to our powerhouse Advisory Board to match our category-defining ambitions. 'Steven and Franck bring extraordinary expertise across technology, finance, and policy. 'Their guidance will help us further accelerate our mission to become the global standard for trusted decision-making in the AI era.' Guggenheimer is a 30-year enterprise technology veteran and has held senior leadership roles at Microsoft, including Corporate VP of AI & ISV Engagement. He is recognised for building scaled platform strategies, partner ecosystems, and go-to-market engines in cloud and AI. His expertise will be instrumental as Quantexa expands its platform, deepens strategic partnerships, and accelerates commercial growth across key geographies. 'Quantexa is tackling one of the most important challenges in AI today - turning siloed data into trusted, contextual insights at scale to drive augmented and automated decisioning,' Guggenheimer, said. 'The team has the right vision, platform, and momentum to lead this category, and I'm thrilled to support their journey.' Petitgas brings global financial and macro strategy insights. With more than three decades at Morgan Stanley, including serving as Global Co-Head of Investment Banking, and subsequently as the adviser on business and investment to the former U. K. Prime Minister, he adds invaluable perspective at the intersection of global finance, regulation, and digital transformation. His experience will support Quantexa's growth with global clients and strategic partners. Franck Petitgas said: 'Quantexa has developed a world class data and AI driven decision-making platform that helps its clients deliver growth and efficiency. 'I look forward to helping the company scale its impact internationally with global clients and in the capital markets.' To learn more about Quantexa's Leadership, visit: *Appointment was subject to the standard ACOBA approval process.
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Business Standard
08-07-2025
- Business
- Business Standard
CCI clears Kedaara Capital's stake acquisition in logistics firm Porter
The Competition Commission of India (CCI) on Tuesday cleared a proposal by private equity firm Kedaara Capital to acquire a stake in SmartShift Logistics Solutions, the parent company of on-demand logistics-turned-unicorn Porter. Mumbai-based Kedaara Capital is acquiring a stake through its two affiliates Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF in Porter. "CCI approves the acquisition of a certain stake in SmartShift Logistics Solutions Pvt Ltd jointly by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF," the competition watchdog said in a post on X. Porter is primarily engaged in business activities, including the provision of logistics services, packing and moving services. In May this year, Porter announced that it raised USD 200 million in a Series F funding round co-led by Kedaara Capital and Wellington Management at a valuation of USD 1.2 billion. Meanwhile, Porter's early investors venture capital firm Peak XV Partners (formerly Sequoia Capital India & SEA) and Kae Capital sold their stakes in the company. Following the fundraising round, Porter became the third unicorn after Netradyne and Juspay in 2025. Porter competes with the likes of Shadowfax, Pidge, and cityXfer, among others. The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
08-07-2025
- Business
- Time of India
CCI okays Kedaara Capital's proposal to acquire stake in Porter
Academy Empower your mind, elevate your skills The Competition Commission of India (CCI) on Tuesday cleared a proposal by private equity firm Kedaara Capital to acquire a stake in SmartShift Logistics Solutions , the parent company of on-demand logistics-turned-unicorn Porter Mumbai-based Kedaara Capital is acquiring a stake through its two affiliates Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF in Porter."CCI approves the acquisition of a certain stake in SmartShift Logistics Solutions Pvt Ltd jointly by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF," the competition watchdog said in a post on is primarily engaged in business activities, including the provision of logistics services , packing and moving May this year, Porter announced that it raised $200 million in a Series F funding round co-led by Kedaara Capital and Wellington Management at a valuation of USD 1.2 Porter's early investors venture capital firm Peak XV Partners (formerly Sequoia Capital India & SEA) and Kae Capital sold their stakes in the the fundraising round, Porter became the third unicorn after Netradyne and Juspay in competes with the likes of Shadowfax, Pidge, and cityXfer, among deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
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Business Standard
25-06-2025
- Business
- Business Standard
India startup funding falls 25% in H1 2025, ranks 3rd globally: Tracxn
India's tech startup ecosystem raised $4.8 billion in the first half of 2025, according to Tracxn's 'India Tech Semi-Annual Funding Report H1 2025'. This marked a 25 per cent drop from $6.4 billion in H1 2024 and a 19 per cent decline from $5.9 billion in H2 2024. Despite the dip, India moved up from fourth to third place globally in startup funding, overtaking Germany and Israel. The United States and United Kingdom retained the top two spots. Neha Singh, co-founder of Tracxn, said, 'While the funding volumes have come down compared to the previous year, India's tech ecosystem continues to show resilience and maturity. Strong interest in sectors like transportation, retail, and enterprise tech signals investor conviction in solving large, structural challenges. We are also seeing quality IPOs and landmark acquisitions, which reflect the ecosystem's ability to create long-term value.' Funding by stage Funding dropped across all stages of investment. Seed-stage startups raised $452 million, down 23 per cent from H2 2024 and 44 per cent lower than the $802 million raised in H1 2024. Early-stage investments totalled $1.6 billion, a 6 per cent decline from H2 2024 and 16 per cent lower year-on-year. Late-stage funding stood at $2.7 billion, reflecting a 25 per cent sequential decline and 27 per cent drop from H1 2024. Five Indian startups secured funding rounds of over $100 million in H1 2025, a decline from nine such deals in H2 2024 and 10 in H1 2024. The largest among them was Erisha E Mobility, which raised $1.0 billion in a Series D round. GreenLine followed with a $275 million Series A round, while secured $222 million in its Series F funding. Spinny and Darwinbox also featured among those raising significant capital. These mega-rounds were concentrated in transportation and logistics tech, retail, and real estate and construction tech sectors. Sectoral performance Transportation and Logistics Tech was the top-performing sector in H1 2025, attracting $1.6 billion — a 104 per cent rise from H2 2024 and a 54 per cent increase from H1 2024. Retail followed with $1.2 billion, down 32 per cent from H1 2024 but up 25 per cent from H2 2024. Enterprise Applications garnered $1.1 billion, falling 21 per cent from H2 2024 and 26 per cent year-on-year. IPOs and unicorns As many as 12 startups went public in H1 2025, compared to 21 during the same period last year. Notable market debuts included Ather Energy, Tankup, SS Innovations International, and Infonative Solutions. Two unicorns emerged in H1 2025, a slight decline from three in H1 2024. Acquisition activity picked up significantly in H1 2025, with 73 deals recorded — a 35 per cent increase from the 54 acquisitions reported in H1 2024. Among the key transactions, Magma General Insurance was acquired by DS Group and Patanjali Ayurved for $516 million, while Minimalist was taken over by Hindustan Unilever Limited for $350 million. Leading cities and investors Bengaluru retained its position as the top city for startup funding, accounting for 26 per cent of the total raised, followed closely by Delhi at 25 per cent. Top investors overall were LetsVenture, AngelList, and Accel. In seed-stage funding, Venture Catalysts, and Antler were most active. Among venture capital firms, Accel (US) made the most investments (30 rounds), while Blume Ventures (India) added seven new startups to its portfolio.
