Data management startup QOMPLX closes Series A on $78.6m

QOMPLX, an intelligent decision platform, has closed its Series A round on $78.6m.

Venture capital firms Cannae Holdings and Motive Partners led the investment round. As part of the deal, Cannae chairman William Foley II has joined QOMPLX’s board of directors

The RegTech will use this batch of funding to support its expansion and innovation efforts.

QOMPLX, formerly Fractal Industries, integrates all disparate data sources across an enterprise to create a unified analytics infrastructure. With this, a client can improve their decision-making capabilities around cybersecurity, insurance underwriting, and quantitative finance.

The company’s CEO Jason Crabtree stated its solution improves the data collection, ingestion, schematization, normalization, semantification, storage, analysis and simulation.

Cybersecurity professionals can leverage the platform to gain improved visibility and context to their operations, with its machine learning engine able to automate incident responses. Insurance firms can make use of the data platform for their underwriting needs, improving the decisions and risk management.

Motive Partners managing partner Rob Heyvaert said, “Enterprises are struggling with enormous volumes of data, in a myriad of different formats from an ever-increasing number of sources. QOMPLX’s analysis tools are designed to deliver a leading decision-making capability.

“We believe this is a highly complementary investment to Motive Partners’ portfolio, backing QOMPLX’s technology ecosystem and integration layer, and the firm’s focus on providing customers with a true data-driven experience and better decision-making. We look forward to working with Jason and the management team to grow this extraordinary business within our partner ecosystem and beyond.”

RBC Capital Markets served as financial advisor to QOMPLX for the transaction, and Morrison & Foerster LLP acted as its legal advisor.

Last year, Motive Partners acquired a controlling stake in LPA. The German company offers a selection of tools for the automated advice, distribution and documentation for financial institutions.

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