Digital Reasoning Receives Funding from Silver Lake

December 6, 2011

Companies that combine big data expertise with analytics knowledge are a hot commodity these days as government and private firms are looking to invest in technology to make sense of the massive amounts of unstructured data being collected.

On this note, Big Data Analytics specialist Digital Reasoning announced in a December 6 news release “Digital Reasoning Raises Venture Financing for Automated Understanding of Big Data” that it has successfully raised Series B funding with help from In-Q-Tel, individual partners of Silver Lake, and other private investors. The company did not disclose the amount, but a GigaOM article uncovered it’s SEC filing which puts the number at $4.2 million.

In addition to achieving this feat, the company also welcomed industry veteran and Silver Lake Sumeru partner John Brennan to its board of directors.

Digital Reasoning uses its flagship product Synthesys to analyze unstructured and structured big data to reveal relationships between people, place and time. It takes text-based data and sifts through documents and connects the dots without company employees having to read them all. Digital Reasoning works with more than a dozen government agencies to uncover security threats and accelerate the time to actionable intelligence.

Brennan stated:

“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.”

The combined power of an investment of this magnitude and Brennan’s software and operating background will allow, the already successful, company to potentially expand beyond its current government intelligence work into new markets.

Jasmine Ashton, December76, 2011

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.