BNP Paribas, Barclays and Goldman Sachs Invest in AI Startup Digital Reasoning

Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.'s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. The U.S. based Digital Reasoning was launched in 2012. The company identifies unstructured communications data to add context to human conversations, as well as flags potential fraudulent activity hidden in those communications. Banks and FIs use its services for internal use to scan employee e-mails for fraudulent patterns or red flags.