Financial fraud and other online crime continue to present major threats to businesses, and they remain a key focus for regulators requiring more rigorous efforts to keep illicit activity at bay. Now, London-based Quantexa — one of the big startups providing AI and other tools to major banks and others in financial services, governments and other major organizations to tackle these challenges — is announcing $129 million in funding, a round that underscores how services like these are being viewed in the market today, and Quantexa’s specific traction within it.
The funding is coming in the form of a Series E that values the startup at $1.8 billion. For some context, this is a major step up from its previous round n …
