Digital Reasoning
| Private | |
| Founded | 2000 |
|---|---|
| Founder | Tim Estes |
| Headquarters | 701 Cool Springs Blvd., , |
Number of locations | Washington, D.C., New York City, London |
| Website | digitalreasoning.com |
Digital Reasoning is an American company headquartered in Franklin, Tennessee. It offers cognitive computing services to intelligence agencies and financial institutions in the United States.[1][2]
History
Digital Reasoning was founded in 2000 by Tim Estes, a Knoxville-born philosophy senior at the University of Virginia.[1][3] It is headquartered in Franklin, Tennessee, with offices in Washington, D.C., New York City and London.[1][4] As of August 2015, its Franklin headquarters had 100 employees, 30 of whom had top secret clearance.[3]
The firm presented its Synthesys software to the United States Army in 2002. They signed a contract with the National Ground Intelligence Center, a subsidiary of the United States Army Intelligence and Security Command, in 2004.[1] Synthesys was used to track enemies in the War in Afghanistan from 2004 onwards.[3] Six years later, in 2010, it received funding from In-Q-Tel, the venture capital firm of the Central Intelligence Agency.[1]
Since 2012, the firm has sold its Synthesys software to banks and hedge funds,[1] including UBS and Point72 Asset Management.[3] Financial institutions use Synthesys to scan internal e-mails within a given company in search of unfamiliar patterns between employees, in terms of word-specific content, frequency and interpersonal connections.[1] The aim is to predict fraud before it occurs.[1]
In 2014, the firm received US$750,000 from the Tennessee Angel Fund of TNInvestco,[5] a US$200,000 million fund from the State of Tennessee.[6] It also received US$24 million from Credit Suisse Asset Management's NEXT Investors as well as Goldman Sachs.[4] Other investors include the Partnership for New York City and the Nashville Capital Network.[4]
References
- ^ a b c d e f g h Dillow, Clay (August 14, 2014). "Nothing to hide, everything to fear". Fortune. Retrieved October 7, 2015.
- ^ Grimes, Seth (April 14, 2015). "Digital Reasoning Goes Cognitive: CEO Tim Estes on Text, Knowledge, and Technology". Huffington Post. Retrieved October 7, 2015.
- ^ a b c d Hope, Bradley (August 2, 2015). "Spy Software Gets a Second Life on Wall Street: A wave of companies with ties to the intelligence community is winning over the world of finance". The Wall Street Journal. Retrieved October 7, 2015.
- ^ a b c McGee, Jamie (October 9, 2014). "Digital Reasoning gains $24M from Goldman, Credit Suisse". The Tennessean. Retrieved October 7, 2015.
- ^ McGee, Jamie (October 9, 2014). "When crisis strikes, Digital Reasoning takes action". The Tennessean. Retrieved October 7, 2015.
- ^ "TNInvestco". Tennessee Department of Economic and Community Development. Retrieved October 7, 2015.