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Connex Recognised as Unicorn Contender in Titans of Tech 2024 Report

By Kayleigh Reid

Published 24 May 2024

Connex, a global software company based in the UK, has once again been tipped as a potential unicorn in the prestigious Titans of Tech 2024 report by GP Bullhound.

Connex: Positioned for Unicorn Status

Founded in 2013 by brothers Nick Mealey (CEO) and Richard Mealey (CTO), Connex has solidified its position as a soon-to-be unicorn for the third consecutive year in GP Bullhound’s Titans of Tech 2024 report.

Snapshot from the 2024 Titans of Tech report, naming Connex among the top 10 contenders for unicorn status

The report identifies the top 50 companies with the potential to achieve billion-dollar valuations within the next two years. This recognition serves as a testament to Connex’s exceptional growth velocity and its dedication to improving customer engagement journeys.

Expanding Global Presence

With over £93 million secured in Series C funding from investors in 2022, Connex has experienced remarkable success. In the past year, the company has expanded its European operations, establishing new offices in Spain and Australia. Connex has also made significant strides in North America and Africa, further solidifying its global presence.

“We are proud to once again be tipped as the next tech unicorn,” said Nick Mealey, CEO of Connex. “This achievement is a testament to the dedication and hard work of our team and our cutting-edge AI software. As a UK tech company, we take great pride in our roots and remain excited about further expanding our global business to help customers worldwide enhance their customer engagement.”

 

Europe’s Tech Unicorns Thrive

According to GP Bullhound’s Titans of Tech report, Europe’s tech unicorns continue to thrive, with the aggregate value surpassing $1 trillion last year and reaching $1.15 trillion this year. Despite challenging market dynamics, the number of new unicorns remains consistent with pre-pandemic levels. The report identifies the United Kingdom and France as ‘hotspots’ for future unicorn companies, highlighting the potential for sustained growth and success within these regions.

Aligning with Sector Shifts

Connex’s recognition as a potential unicorn aligns with the analysis presented in the Titans of Tech report. The report predicts the emergence of unicorns in various sectors, including AI, Enterprise SaaS, Fintech, and HR Software. As the UK and France are identified as regions with significant potential for unicorn growth, Connex’s continuous recognition underscores its position as a key player within the global tech landscape.

Innovative Customer Engagement AI

Manish Madhvani, Managing Partner at GP Bullhound, celebrates Europe’s technology ecosystem and its resilience during challenging times. He emphasises that recent AI breakthroughs are driving a structural transformation, opening doors for a new generation of successful companies. Connex’s recognition as a potential unicorn exemplifies the company’s success and highlights its potential for future growth within the fiercely competitive global tech space and rapidly evolving AI market.

Connex’s flagship AI technology, Athena AI, sets the standard for customer engagement innovation. Powered by Athena AI, Connex’s intelligent customer engagement tools, including AI chatbots, Large Language Models and Digital Workers, empower businesses to proactively adapt to changing customer needs, enhance customer satisfaction, and stay ahead in the dynamic digital landscape. With a focus on cutting-edge solutions, Connex remains at the forefront of revolutionizing customer engagement experiences.

To read the official Titans of Tech 2024 report, visit: https://www.gpbullhound.com/articles/titans-of-tech-2024/

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