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Nashville, TN - December 6, 2011 -
Digital Reasoning, a leader in understanding unstructured data at scale, today announced it has raised a Series B round with participation from In-Q-Tel, individual partners of Silver Lake, and other private investors. With this round, Digital Reasoning will add John Brennan to its board of directors. Brennan is a partner at Silver Lake Sumeru.
The investment will be used to accelerate development and expand marketing and sales into new Financial Intelligence, Enterprise Risk Management, and related markets with Synthesys®, the company's flagship product that identifies, summarizes and reveals hidden relationships between people, places and events in big data. Currently, Synthesys is being used in government agencies to uncover security threats and enable intelligence analysts to find and act on critical relationships in big data while containing the costs of and dependence on human reading.
"Organizations in every market are looking for ways to exploit the information and intelligence embedded in unstructured data; Synthesys could be a transformational solution in the enterprise as organizations develop their big data strategies," said John Brennan. "Digital Reasoning's platform can go beyond its success in the government intelligence market to help enterprises quickly analyze big data to detect fraud, uncover market trends, gain better insight into customer behavior, and mitigate risk."
Synthesys has solved three key impediments to the growth of the Big Data Analytics market:
- Eliminating the need for a data model to aid understanding of text
- Handling diverse data at scale without compromising the depth of understanding
- Inventing a way to automatically understand the meaning of words in context
For more information, please visit www.digitalreasoning.com.