Cognitive computing company Digital Reasoning has closed a $40 million round of Series D venture capital that includes some big names in private equity and healthcare.
Lemhi Ventures and Nasdaq led the round. They were joined by previous investors Goldman Sachs and Hospital Corp. of America.
Nashville, Tennessee-based Digital Reasoning said it would use the new cash, in part, to expand its R&D in data science and analysis of audio and video across the three verticals it operates in: healthcare, government and finance/general enterprise.
“The ultimate goal is cognitive computing against video,” said Hal Andrews, Digital Reasoning’s healthcare president.
Now, Digital Reasoning’s technology is able to analyze text documents. By the end of the year, the company hopes to have a voice-scanning product to market, Andrews said, then imaging recognition soon after.
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