RegTech Quantexa acquires Aylien to tap into text analytics market
By Gloria Methri
Decision Intelligence (DI) platform Quantexa has acquired Aylien, the Dublin-based firm specialising in natural language processing (NLP) and advanced AI to empower its customers to collect, analyze, and understand unstructured text data. 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, the 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 space.
Founded in 2012, Aylien’s solutions include API for building intelligent applications with aggregated multi-lingual content. It also provides an application for analysts to proactively identify, investigate, and monitor news data to assess critical business risks and opportunities.
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 learning-based NLP research program based in Dublin, Ireland.
Quantexa CEO, Vishal Marria said, “Aylien is a first-class organization 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. Our organizations are strongly aligned when it comes to how we build our solutions and our cultural values.”
“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.”
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