FRANKLIN, Tenn.--(BUSINESS WIRE)--Digital ReasoningTM, the leader in complex, large scale unstructured data analytics, today announced a strategic investment, licensing, and development agreement from In-Q-Tel (IQT), the investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. The transaction will make Digital Reasoning’s technology available for use within in the U.S. Intelligence Community.
Digital Reasoning analytics software is based on a distinctive, patented mathematical approach to understanding natural language and leverages bleeding edge cloud technologies to make these analytics work effectively on vast amounts of data. Digital Reasoning was founded on the vision that software should read and understand language as humans do – by analyzing concepts and entities in context across multiple information sources. Since its founding in 2000, Digital Reasoning has pioneered the field of Entity Oriented Analytics, going beyond the relevant document paradigm and focusing on the actors of interest—people, places, organizations—and their connections.
With its flagship product Synthesys®, Digital Reasoning empowers analysts to review facts and associations at a glance—across millions of documents. Operating without a rigid taxonomy or ontology, Synthesys allows the discovery of non-obvious connections hidden in the data, such as alternate meanings of words or “coded” or “disguised” messages.
“With the explosive growth of data over the last decade, there is a need for a new generation of solutions that provide timely, actionable intelligence at massive scale,” said T.J. Rylander, Partner on IQT’s Investments team. “The technology being developed by Digital Reasoning offers great promise to address this challenge and meet the unique needs of our customers in the U.S. Intelligence Community.”
“We are delighted to have IQT as a strategic investor and partner,” said Tim Estes, CEO and founder of Digital Reasoning. “This announcement represents confidence by IQT in the potential of our solutions to solve some of the most significant big data analytics challenges.”
“Comprehensively understanding human language—at scale—is one of the most complex and rewarding problems we are addressing today,” added Rob Metcalf, President and COO of Digital Reasoning. “And the ability to partner with IQT presents a tremendous opportunity to leverage Digital Reasoning’s capabilities in some of the most important analytic missions in the world.”
Synthesys v3.0 is available now. More detailed information can be obtained from Digital Reasoning Systems’ website or by contacting the company directly.
About Digital ReasoningTM
Digital Reasoning Systems (www.digitalreasoning.com) solves the problem of information overload by providing the tools people need to understand relationships between entities in vast amounts of unstructured and structured data.
Digital Reasoning builds data analytic solutions based on a distinctive mathematical approach to understanding natural language. The value of Digital Reasoning is not only the ability to leverage an organization’s existing knowledge base, but also to reveal critical hidden information and relationships that may not have been apparent during manual or other automated analytic efforts. Synthesys® is a registered trademark of Digital Reasoning Systems, Inc.
In-Q-Tel is the strategic, not-for-profit investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader U.S. Intelligence Community. To learn more about IQT, visit www.iqt.org.