Quantiphi, which provides Artificial Intelligence and data services, announced it has raised $20 million in new funding.
The Series A funding round was led by Multiples Alternate Asset Management, a private equity firm $1.5 billion under management, according to Quantiphi.
The company provides applied AI and big data solutions to several Fortune 500 clients across various sectors, including insurance, healthcare, retail, media, education and technology. The companies created tangible business value with Quantiphi by building smarter products, achieving frictionless customer experiences, automation of complex processes, and managing risks.
Quantiphi was formed in 2014 by Asif Hasan, Reghu Hariharan, Vivek Khemani and Ritesh Patel. It has offices in Boston, Princeton, Bengaluru, Toronto and Mumbai.