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 |  Published: October 09, 2014

NASHVILLE TN and New York, NY – October 9, 2014 – Digital Reasoning, a leader in cognitive computing, today announced that it has raised $24 million in Series C funding led by Goldman Sachs and Credit Suisse NEXT Investors, LLC, a fund managed within Credit Suisse Asset Management. Digital Reasoning also announced the appointment of Tom Jessop, Managing Director, Principal Strategic Investments at Goldman Sachs to the Digital Reasoning board of directors. 

Author: Sarah Frier
 |  Published: October 09, 2014

Between allegations that they manipulated benchmark interest rates or wrote faulty mortgages, banks have racked up more than $170 billion in litigation costs since 2008, according to an estimate by the Macquarie Group (MQG:AU). So some financial institutions are investing in technology that can sift through millions of e-mails, instant messages, and transcripts of telephone calls to spot suspicious behavior before it explodes into a mess of lawsuits and fines.

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