Digital Reasoning Announces Strategic Investment from

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2022
32
Digital Reasoning Announces Strategic Investment from Macquarie Group in new Partnership

NASHVILLE, Tenn., Feb. 13, 2019 (GLOBE NEWSWIRE) -- Digital Reasoning , a leader in Artificial Intelligence (AI) for Language Process Automation (LPA) and Human Behavioral Insights (HBI), today announced a strategic investment from Macquarie Group. Digital Reasoning will also partner with Macquarie to explore innovative new financial services use cases for its award-winning technology and benefit from Macquarie’s global presence to accelerate expansion of its business into Australia and Asia.

Macquarie’s investment is an extension of the Series D-1 $30 million funding round that Digital Reasoning completed in March 2018. As announced previously, the round was led by BNP Paribas with participation from Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. Digital Reasoning credits the range and depth of its partnerships with leading global enterprises in financial services and healthcare as fundamental to the development and successful application of its technology.

“Digital Reasoning stands out among AI technology businesses due to its proven track record in delivering AI-powered solutions,” said Miki Edelman, Head of Strategic Client Solutions, Cash Equities at Macquarie Group. “We are excited to partner with Digital Reasoning to further develop capital markets use cases and accelerate AI innovations.”

"Leading financial institutions are increasingly relying on Digital Reasoning to understand human behaviors through integrated analysis of text, audio, and structured data. The insights we provide mitigate risk, improve revenues, and increase efficiencies, said Prakash Ramachandran, Chief Financial Officer of Digital Reasoning. "This investment from Macquarie underscores these proficiencies along with our ability to work within regulatory frameworks. We look forward to partnering with them to develop new applications for financial services and support our expansion into Australia and Asia."

Rosenblatt Securities acted as Advisor to Digital Reasoning for this transaction.

Media Contact: Liz Long | liz.long@digitalreasoning.com | (615) 567-8637

About Digital Reasoning Digital Reasoning is a global leader in Artificial Intelligence (AI) for Language Process Automation (LPA) and Human Behavioral Insights (HBI). Our award-winning AI platform automates key tasks and uncovers transformative insights across vast amounts of human communications data for many of the world’s leading organizations and government agencies. For more information go to www.digitalreasoning.com and follow on Twitter at @dreasoning .

About Macquarie Group Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs over 14,800 people and has assets under management of more than $397.2 billion (as of September 30, 2018). For more information, visit www.macquarie.com .

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...44e8a73686

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Debbie's Dream Foundation Launches 2026 Youth Art Contest

Updated Category News Views 5

Young Artists Called to Inspire a Cancer-Free World What's the first image that pops into your head when you think of a world free from cancer? That's the magic question on deck for this year's Youth Art Contest by Debbie's Dream Foundation. Imaginations are set to run wild as the competition opens its gates to artists under 18, calling for visions splashed across...

Continue Reading
Invictus Pharmacy Secures LegitScript Certification Status

Updated Category News Views 2

A New Chapter for Invictus Pharmacy In a world tangled up in red tape, Invictus Pharmacy somehow managed to cut a clear path by earning the LegitScript Healthcare Merchant Certification. Now, it seems like they've joined the ranks of the big players, including the likes of Amazon Pharmacy. It’s not just a shiny badge on their website, folks. It’s better access to...

Continue Reading
Kobold Press Explores Roleplaying as Literacy Tool

Updated Category News Views 5

Gaming Illuminates Pathways to Literacy and Community Trust me, when an indie game publisher like Kobold Press makes waves, it's worth paying attention. They've carved a niche in the roleplaying world by marrying traditional game elements with valuable educational tools. The thrill of the game goes beyond rolling dice; it's a ticket to improving literacy, arithmetic, and...

Continue Reading
GenAI Boosts Grades and Tech Savvy for Online Learners

Updated Category News Views 3

What's Really Driving GenAI Use in Online Education? Let's not beat around the bush—most folks think students turn to this newfangled generative AI mainly to smooth over academic hurdles or save time. But guess what? The University of Phoenix has gone and poked some holes in that assumption. Study Highlights Key Insights This solid piece of research from the...

Continue Reading
AI Agents Challenge Product Governance Models

Updated Category News Views 7

AI's Increasing Role: A Double-Edged Sword for Leaders Hey, the tech overlords remind us once again—the future doesn't wait for anyone to catch up before it bulldozes forward. Info-Tech Research Group has sounded the alarm on AI agents muscling their way into product decisions without any clear nod from the human corner office. Blurring Lines of Accountability The...

Continue Reading
Celebrate National Service Dog Month with Canine Companions

Updated Category News Views 5

A Month to Celebrate Unseen Heroes Take a pause. We're talking about National Service Dog Month. What in the world could be more endearing than a pack of puppies, those hopeful bundles of joy, destined to grow up and play pivotal roles in people's lives? Canine Companions is rolling out the red carpet for these future heroes, with a nine-day Puppy Cam event from September...

Continue Reading
Bascom's Strategic Play on a Dallas Apartment Deal

Updated Category News Views 8

Unpacking Bascom's Jasmine Acquisition In a market that's been more slippery than a greased pig, Bascom Group's move buying up Jasmine Apartments is capturing some eyes. Situated in North Dallas, this 370-unit complex ain't just another brick in the wall—it's Bascom's 42nd entry into Texas, reinforcing their knack for sniffing out deals others might tiptoe around,...

Continue Reading
IRS Views Challenge Tax-Engineered Healthcare Schemes

Updated Category News Views 4

Nonprofit Models Shine Amid IRS Scrutiny Out in Oxnard, California, there's a brewing storm in the healthcare sector. No, it's not a billing error or yet another scandal. We're talking about a seismic shift that could poke holes in those tax-engineered Section 105(b) programs, all thanks to some hard-hitting IRS memoranda. The Nonprofit–TPA Model: A Safer Bet? Enter...

Continue Reading
Chattanooga: A New Epicenter for Quantum Computing

Updated Category News Views 4

Quantum Leap: Chattanooga's Bold Move So Chattanooga’s making waves again, folks. EPB just unveiled its new big shot, the IonQ Forte Enterprise quantum computer. That's right, they’ve slapped a commercial quantum computer and a networking hub together, right here in this Tennessee city. Is this a tech haven or what? Not to mention, it’s the first in America. A New...

Continue Reading
Digital Wine Atlas Maps 4.3 Million Vineyards Globally

Updated Category News Views 4

Revolutionizing Viticulture with Data In today's wild world, climate change isn't just shifting weather patterns—it's upending the age-old map of wine-making regions. We've got a new player on the field: the World Winery Map. It's digital, massive, and it’s shaking things up for winemakers and grape enthusiasts alike. This platform covers a staggering 4.3 million...

Continue Reading

Top 5 Most Recently Viewed Articles

Projected Growth of Molecular Targeted Therapy Market to $246B

Updated Category News Views 139

Growth Forecast of the Molecular Targeted Therapy Market The Molecular Targeted Therapy Market is on a remarkable upward trajectory, with its valuation expected to more than double in the coming years. Initially valued at around $127 billion, projections indicate it will soar to an impressive $246 billion by the year 2034, marking a substantial increase fueled by various...

Continue Reading
Imperial Oil Limited: The Rising Star of the Energy Sector

Updated Category News Views 237

Imperial Oil Limited's Exceptional Performance in the Energy Sector Imperial Oil Limited (AMEX: IMO) has been making waves recently with an impressive 16% growth in its share price so far this year. In contrast, the broader oil and energy sector has only seen a slight decline of 0.3%. This stark difference raises an essential question for investors: should you invest in...

Continue Reading
Secure Your Business's Future with LegalZoom Trademark Services

Updated Category News Views 108

Protecting Your Brand in the Digital Age As competition in the digital landscape grows, small business owners find themselves facing challenges like never before. LegalZoom, a pioneer in online legal services, emphasizes the importance of trademark registration to help these entrepreneurs protect their intellectual property. In a world where artificial intelligence has...

Continue Reading
EVgo's Q4 Earnings Anticipation: Can Relief Rally Begin Soon?

Updated Category News Views 143

EVgo Faces Critical Earnings Report Amid Market Dynamics EVgo Inc (NASDAQ: EVGO) is gearing up to share its fourth-quarter earnings soon, and all eyes are on this electric vehicle charging company. Wall Street anticipates a loss of 9 cents per share, paired with projected revenues of approximately $69.10 million. The company’s earnings call is expected to take place...

Continue Reading
Join Crocs, Inc. Securities Fraud Lawsuit with Schall Firm

Updated Category News Views 178

Understanding the Crocs, Inc. Securities Fraud Class Action Investors in the footwear industry have a significant opportunity to take part in a class action lawsuit involving Crocs, Inc. This lawsuit, concerning alleged securities fraud, arises from various misleading statements made by the Company regarding its revenues and financial health. Investing in Crocs: A Closer...

Continue Reading