Digital Reasoning

othersbig dataanalytics and machine learningartificial intelligence/machine learning

FOUNDING YEAR: 2000
LOCATION: United States
Last Update: 01/05/2020

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About

Digital Reasoning is a global leader in using artificial intelligence to understand the world’s most sensitive human communications. Our award-winning cognitive computing platform, Synthesys®, automates key tasks and uncovers transformative insights across vast amounts of human communications for many of the world’s most elite companies, organizations, and agencies. Our technology has been proven to find critical risks and valuable revenue-generating opportunities, delivering the rapid and large return on investment in the most complex big data and analytical environments. Recently, Digital Reasoning was selected for the Forbes Fintech 50 startups list.

MEDICI Analysis

Digital Reasoning Systems, Inc. builds data analytic solutions for processing and organizing unstructured data into meaningful data automatically.

Focus

PRODUCTS & SERVICES

Digital Reasoning Surveillance solution uses patented AI to turn all forms of communications and structured data into discoverable, understandable, and actionable insights. Trained by compliance and front office control experts at financial institutions, it combines analysis of behaviors, intentions, emotions, and behaviors to build 360° profiles that reveal the existence and extent of conduct risk. The solution can be integrated with any number of unstructured data sources such as websites, emails, audio files, chats, social media content, blogs, documents, etc. as well as supplementing structured data, e.g., HR records, metadata, CRM sources, etc. This data provides a detailed source of information describing an individual’s needs and wants intentions, and relationships. Conventional analytics technologies are constrained by the inherent variability of human language data.

REVENUE MODEL

Subscription model, node based (on premise or in the cloud).

MAIN CLIENTS

Morgan Stanley

UBS

Barclays

HSBC

Wells Fargo

Goldman Sachs

Natwest Markets

Point72

etc.

EXISTING PARTNERSHIPS

Nasdaq

HCA

Cloudera

Elastic Search

PRIMARY PROBLEM SOLVED

The application of artificial intelligence technology (cognitive computing) to human communication, to derive concealed insights, risks and revenue opportunities. Our use cases include: Financial services: Proactive Compliance, Financial Crime, Customer Insights Government: Accelerated Discovery, Continuous Monitoring, Threat Intelligence Healthcare: Clinical Intelligence, Risk Management, Clinical Documentation

INTELLECTUAL PROPERTY

Patent(s) GRANTED

Traction

REVENUE

$10M+ in 2018

REVENUE COMMENT:

According to third-party data sources, the company's annual revenue was $17.5 million in 2018.

TRANSACTIONS COMMENT:

We do not publicly report our transactions volume or value.

ACTIVE USERS:

22

ACTIVE USERS COMMENT:

We provide the most widely adopted artificial intelligence platform to the global investment banking industry, serving the majority of top ten players in compliance applications. From this base we are expanding into use cases for financial crime and customer insights.

People

FOUNDERS

Tim Estes

BOARD MEMBERS AND ADVISORS

Adena Friedman

Cristobal Conde

John Brennan

Jonathan Lord

Jonathan Perlin

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Barclays

BNP Paribas

Credit Suisse

FinTech Innovation Lab

Goldman Sachs

HCA

In-Q-Tel

Lemhi Ventures

Nasdaq

Nashville Capital Network

Partnership for New York City

Square Capital

tnangelfund.com

KEY EMPLOYEES:

Brett Jackson (CEO); Prakash Ramachandran (CFO); Marten den Haring (CPO)

COMMENT:

Digital Reasoning colleagues call themselves 'Reasoners'. We are a collection of daring, creative,passionate minds focused on taking technology in brave new direction. We envision a world where technology,humanity come together like never before; where software learns from interacting with people,becomes more valuable the more it is used.

Momentum

FUNDED

YES

TOTAL FUNDING

$103.96 M

DATE OF LAST FUNDING

Feb 2019

TOTAL FUNDING COMMENT

The company will use its fund to continue the development of Digital Reasoning’s AI technology, financial services product innovation, and business expansion into Australia & Asia. (Feb. 2019)

FUNDING SERIES

SERIES C  · $24 M  · Oct 2014

SERIES D  · $70 M  · Mar 2018

OTHERS  · $9.96 M · Dec 2015

LISTED

NO

COMMENT

The company has received a strategic investment from Macquarie Group in February 2019.

For Investors

Innovation Programs

BASICS

FOUNDING YEAR:

2000

LOCATION:

United States

Views:

240 VISITORS | 383 VIEWS
LATEST FUNDING ROUND

$104 M

TOTAL EMPLOYEES
51-200

About

Digital Reasoning is a global leader in using artificial intelligence to understand the world’s most sensitive human communications. Our award-winning cognitive computing platform, Synthesys®, automates key tasks and uncovers transformative insights across vast amounts of human communications for many of the world’s most elite companies, organizations, and agencies. Our technology has been proven to find critical risks and valuable revenue-generating opportunities, delivering the rapid and large return on investment in the most complex big data and analytical environments. Recently, Digital Reasoning was selected for the Forbes Fintech 50 startups list.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Digital Reasoning Systems, Inc. builds data analytic solutions for processing and organizing unstructured data into meaningful data automatically.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

Digital Reasoning

About

Digital Reasoning is a global leader in using artificial intelligence to understand the world’s most sensitive human communications. Our award-winning cognitive computing platform, Synthesys®, automates key tasks and uncovers transformative insights across vast amounts of human communications for many of the world’s most elite companies, organizations, and agencies. Our technology has been proven to find critical risks and valuable revenue-generating opportunities, delivering the rapid and large return on investment in the most complex big data and analytical environments. Recently, Digital Reasoning was selected for the Forbes Fintech 50 startups list.

Focus

PRODUCTS & SERVICES

Cognitive computing, applying artificial intelligence to understand the world’s most sensitive human communications. Our award-winning cognitive computing platform, Synthesys®, automates key tasks and uncovers transformative insights across vast amounts of human communications for many of the world’s most elite companies, organizations, and agencies. Synthesys has been proven to find critical risks and valuable revenue-generating opportunities, delivering rapid and large return on investment in the most complex big data and analytical environments.

REVENUE MODEL

Subscription model, node based (on premise or in the cloud).

TOP PROBLEM SOLVED

The application of artificial intelligence technology (cognitive computing) to human communication, to derive concealed insights, risks and revenue opportunities. Our use cases include: Financial services: Proactive Compliance, Financial Crime, Customer Insights Government: Accelerated Discovery, Continuous Monitoring, Threat Intelligence Healthcare: Clinical Intelligence, Risk Management, Clinical Documentation

INTELLECTUAL PROPERTY

Patent(s) GrantedPatents Granted: Large Scale Global Entity Resolution; U.S. Patent No. 9,311,301 B1; Semantic Hashing in Entity Resolution; U.S. Patent No. 9,009,029 |System and Method for Machine Learning Management; U.S. Patent No. 9,058,317 |System and Method for Core

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

In Synthesys 4, the latest release of our cognitive computing platform, we are introducing the following features: 1. Easy model training, allowing varied skill levels to develop analytical models. 2. Tools for data science, with interactive analytics, evaluation of analytical engines, and visual editing. 3. State-of-the-art analytics, with advanced machine learning, deep learning, natural language processing, and behavioral analytics. 4. Flexible architecture, making Synthesys quicker and easier to deploy on premise and in the cloud. 5. Intelligent assistants, aligning AI insights with user workflows through automated, self-learning and user-friendly tools. 6. Computer vision, allowing analysis of images. 7. Audio analysis, allowing analysis of voice archives and phone call data. 8. More languages, extending the range Synthesys can analyze beyond English, Chinese and Spanish.

KEY DIFFERENTIATORS

- Leader in the analytics of human communications, typically unstructured data that is difficult to analyze using conventional analytics - Proven technology, with tier 1 enterprise, healthcare and government customers in production. - Cited by Forrester as a Leader in big data analytics, noting that "Digital Reasoning brings the future of cognitive computing into text analytics". - A platform that does not require training (but it can be trained, if necessary) and tuning, which can often result in shorter deployment cycles. - Able to uncover structures that are not known to exist, addressing the typical “I-don’t-know-what-I-don’t-know” quagmire of most analytics tools. - Finds entity and concept relationships across multiple languages, automatically building synonyms, and therefore, constantly improving results.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

STRATEGIC CLIENTS AND PARTNERSHIP

Nasdaq : Partner

UBS : Client

Goldman Sachs Bank : Client

Point72 Asset Management : Client

Barclays : Client

Morgan Stanley : Client

Citibank : Client

Credit Suisse : Client

HCA Healthcare : Partner

UnitedHealthcare : Client

Department of Homeland Security, Office of the Inspector General : Client

People

FOUNDERS

Tim Estes

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

CEO, FOUNDER: Tim Estes

CTO: Matthew Russell

CMO: Marten Den Haring

CRO: Prakash Ramachandran

employee: Brett Jackson (CEO); Prakash Ramachandran (CFO); Marten den Haring (CPO)

TEAM COMMENT:

Digital Reasoning colleagues call themselves 'Reasoners'. We are a collection of daring, creative,passionate minds focused on taking technology in brave new direction. We envision a world where technology,humanity come together like never before; where software learns from interacting with people,becomes more valuable the more it is used.

BOARD MEMBERS AND ADVISORS:

Adena Friedman, Cristobal Conde, John Brennan, Jonathan Lord, Jonathan Perlin

INVESTORS:

Barclays

BNP Paribas

Credit Suisse

FinTech Innovation Lab

Goldman Sachs

HCA

In-Q-Tel

Lemhi Ventures

Nasdaq

Nashville Capital Network

Partnership for New York City

Square Capital

tnangelfund.com

Momentum

FUNDED

YES

TOTAL FUNDING:

$40 M

LISTED

NO

FUNDING SERIES
Series C May 2016 --- USD40 M Comment on Series C This was a Series D funding round. It led to Tony Miller, managing partner at Lemhi Ventures, joining the Digital Reasoning Board, and Adena Friedman, CEO of Nasdaq, joining the Digital Reasoning Board as an observer.

Comment on Valuation

We do not publicly report our valuation. Lemhi Ventures Nasdaq HCA Healthcare Goldman Sachs