(Photo by Flickr user Pictures of Money, used under a Creative Commons license)
Reston, Va.-based QOMPLX, an intelligent decision platform provider, announced the close of a $78.6 million Series A round.
— QOMPLX (@QOMPLXOS) July 23, 2019
The funding round was led by Cannae Holdings, Inc. and Motive Partners. The Reston-based startup, which was formerly named Fractal Industries, said it will use this Series A to expand its company and accelerate growth. The company also has offices in New York and London.
“The company’s 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,” Cannae Holdings Chairman William Foley II said in a statement. “We believe this investment will strengthen and solidify QOMPLX’s market position as a committed partner to customers and leading provider in the rapidly growing data and analytics market.”
QOMPLX’s analytics infrastructure platform allows organizations to unify their data sources under one roof for better decision making. The analytics infrastructure is provided through QOMPLX OS, the startup’s flagship operating system that fuels QOMPLX’s decision platforms in cybersecurity, insurance and quantitative finance. With this funding, Foley has joined QOMPLX’s board of directors.
This funding raise is one of the largest Series A rounds in the D.C. tech market that we’ve seen in recent years. Technical.ly DC recently reported on the D.C.-area venture capital outlook for last quarter, where Gaithersburg, Md.-based Vielo Bio closed a $75 million Series B round, which was the second largest this year so far.
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