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24 July 2019 Insurance

Fractal rebrands as Qomplx, raises $78.6m in Series A financing

Analytics and insurance software provider Qomplx, formerly known as Fractal Industries, has secured $78.6 million Series A financing led By Cannae Holdings and Motive Partners.

The company will use the growth capital to support its continued expansion and innovation.

Qomplx's platform makes it faster and easier for organisations in cybersecurity, insurance underwriting and quantitative finance to integrate all of the disparate data sources into a unified analytics infrastructure to make better decisions.

"This investment strengthens our 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 of Qomplx.

"At Qomplx we are 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."

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