Digital Reasoning investment with Macquarie accelerates expansion to Australia, Asia

KUALA LUMPUR, Feb 13 (Bernama) -- Digital Reasoning, a leader in Artificial Intelligence (AI) for Language Process Automation and Human Behavioural Insights has announced a strategic investment from the Macquarie Group to accelerate business expansion to Australia and Asia.

According to a statement, Macquarie’s investment is an extension of the Series D-1 US$30 million (US$1 = RM 4.07) funding round that Digital Reasoning completed in March 2018.

“Leading financial institutions are increasingly relying on Digital Reasoning to understand human behaviour through integrated analysis of text, audio, and structured data. The insights we provide mitigate risk, improve revenues, and increase efficiencies,” said Digital Reasoning chief financial officer, Prakash Ramachandran.

“The 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,” he added.

Digital Reasoning will also partner with Macquarie to explore innovative new financial services for its award-winning technology and benefit from Macquarie’s global presence.

The company 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.

For more information, visit https://digitalreasoning.com.

-- BERNAMA