Decision intelligence startup Quantexa Ltd. today announced that it plans to invest more than $155 million in the global artificial intelligence industry in the next three years to help clients advance the use of AI to protect, optimize and grow their organizations.

The seven-year-old company also previewed its generative AI technology, Q Assist, alongside its investment plans.

Quantexa started as a provider of artificial intelligence-based fraud detection tools for the financial services industry but has more recently rebranded itself as a “decision intelligence” platform and expanded into industries such as insurance, telecommunications, healthcare and the public sector. Its platform uses a machine learning-based approach to scouring corporate data for signals that could indicate possible fraud, money laundering and other illicit activities.

Its new Q Assist platform is an agnostic large language model that allows analysts to interrogate Quantexa’s platforms with natural language queries, enhancing entity resolution, graph analytics and scoring capabilities. According to the company, the product breaks new ground in decision intelligence by enabling analysts to efficiently navigate large volumes of data using natural language. It claims that the AI assistant can boost efficiency, allowing even relatively inexperienced analysts to reach the productivity levels of seasoned investigators.

The agnostic nature of Q Assist is also notable because it doesn’t restrict users to a specific LLM but works with existing models, such as OpenAI LP’s ChatGPT. Its flexibility in working with existing models is claimed to make it a powerful tool for broadening the scope of its usage and applicability.

In one example use case highlighted by Quantexa, Q Assist was tasked with a financial crime investigation scenario. It used its capacity to leverage natural language queries for examining massive amounts of structured and unstructured data at large scale, demonstrating how complex data associated with graph analytics and alerts can be made more accessible, even to junior analysts. The ability to automate the generation of “suspicious activity reports” and investigative summaries was highlighted in the demo, showing potential for significant improvements in efficiency and productivity.

Quantexa says its investment in the AI industry and the unveiling of Q Assist is part of its broader vision to advance the use of AI in decision-making across various sectors. “While most companies are talking about AI and machine learning, we have been investing in it since our inception,” founder and Chief Executive Vishal Marria said in a statement. “We are investing our time, money and resources into the biggest technological breakthrough for generations as it will transform how organizations make decisions.”

Quantexa was last in the news in April when it raised $129 million in funding on a $1.8 billion valuation. Investors in the company include Warburg Pincus LLC, Dawn Capital LLP, British Patient Capital Ltd, Evolution Equity Partners LLC, HSBC Holdings plc, BNY Mellon Corp., ABN AMRO Bank N.V. and Albion VC.

Image: Quantexa