QOMPLX receives $78.6 million to fuel growth
QOMPLX, an intelligent decision platform provider, is closing its Series A financing totaling $78.6 million, allowing the company to expand and accelerate growth.
This round was led by Cannae Holdings, Inc. and Motive Partners. Cannae Holdings chairman William Foley II has joined QOMPLX’s board of directors.
Formerly known as Fractal Industries, QOMPLX makes it faster and easier for organizations to integrate all of the disparate data sources across the enterprise into a unified analytics infrastructure to make better decisions.
This broader analytics infrastructure is provided through QOMPLX OS, an enterprise operating system that powers QOMPLX’s decision platforms in cybersecurity, insurance underwriting, and quantitative finance.
According to the company, its leadership has a long-term vision to help organizations see data and disparate systems not as a negative but as an opportunity to build competitive advantage.
This investment is aimed at strengthening the company’s ability to work with enterprises that are struggling to integrate many disparate point solutions into something that allows them to make better decisions, said Jason Crabtree, CEO, QOMPLX.
QOMPLX is focused on aiding clients in realizing the advantages of a unified analytics infrastructure that does data collection, ingestion, schematization, normalization, semantification, storage, analysis and even simulation with select purpose-built applications already available in cybersecurity, insurance and quantitative finance, Crabtree explained.
QOMPLX will use the latest financing to support its continued expansion and innovation. The new name, QOMPLX, reflects the company’s ability to solve complex real-world problems at scale.
RBC Capital Markets, LLC served as financial advisor to QOMPLX in connection with the financing, and Morrison & Foerster LLP served as legal advisor.
For more information about this news, visit www.qomplx.com.