Monday, December 10, 2018

Investor Group Led by DVI Equity Partners Announces Series B Investment in Luminoso Technologies, an Award-Winning Artificial Intelligence Company

BWW News Desk
December 06, 2018

DVI Equity Partners LLC DVI along with VT Companies and DF Enterprises announced today an investment in Luminoso Technologies Series B round of financing Luminosos awardwinning software applies artificial intelligence AI and natural language processing NLP to derive insights from textbased and unstructured data such as contact center interactions chatbot and live chat transcripts product reviews openended survey responses and email The software natively analyzes text in fourteen languages as well as emoji Terms of the investment were not disclosed pblockquotep idpullquotepblockquote p Luminoso is a remarkable company and wellpositioned to be a NLP technology leader said DVI Managing Partner Robert Griffin who led the investment and will soon join the Luminoso board of directors They are automating data analysis that once took hundreds and even thousands of human hours enabling global enterprises to unlock the voice of their customers employees product design team and more to optimize their operations brand and customer experience p p Luminoso was recently listed in The Gartner Marketing Technology Vendor Guide 2018 report as a Cool Vendor Luminoso was also cited as a Sample Vendor in the Gartner Hype Cycle for Digital Marketing and Advertising 2018 report in the Artificial Intelligence for Marketing category According to Gartner analyst Bryan Yeager in the report Nearterm business impacts of AI for marketing center on making insight generation and prediction faster more accurate and more actionable p p Luminoso is in a time of unprecedented growth and opportunity said Luminoso CEO Adam Carte We are excited to partner with three wellcapitalized and sophisticated family office investors in this next stage of our development In particular we believe DVIs experience with and knowledge of the data analysis and artificial intelligence space will strengthen and help expand our leadership position in AI and NLP markets p p According to the Markets and Markets report titled Natural Language Processing Market the NLP market size is estimated to grow from 763 Billion in 2016 to 1607 Billion by 2021 at a Compound Annual Growth Rate CAGR of 161 percent p p bAbout Luminoso Technologiesb p p Luminoso Technologies is a leading artificial intelligence AI and natural language understanding NLU company that enables companies to rapidly discover insights in openended feedback Luminosos awardwinning software applies AI to accurately analyze textbased data for any industry without lengthy setup time or training Luminoso can analyze unstructured data natively in 14 languages including Chinese Korean Japanese and Arabic Companies use the insights that Luminosos solutions uncover to streamline their contact center processes monitor brand perception and optimize the customer experience The company is privately held and headquartered in Cambridge MA p p For more information visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwluminosocomampesheet51910569ampnewsitemid20181206005703amplanenUSampanchorwwwluminosocomampindex1ampmd5bc9d0515ffd60fa239bc7eb1b8d49da1 relnofollowwwwluminosocoma and follow Luminoso on Twitter at LuminosoInsight p p bAbout DVI Equity Partners LLCb p p DVI Equity Partners LLC has a singular mission of investing in early stage emerging technology companies specializing in disruptive technology with an emphasis on companies founded and led by women and minorities The firm evaluates emerging technology companies that create businesstobusiness B2B value in areas including national security enterprise software artificial intelligence and data storage and analysis DVI shares expertise resource and forms relationships with entrepreneurs to help them transform the way industries and the public sectors conduct business Visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwdviequitypartnerscomampesheet51910569ampnewsitemid20181206005703amplanenUSampanchordviequitypartnerscomampindex2ampmd5f707b33b11fd2f540247e3706640fd4d relnofollowdviequitypartnerscoma for additional information p p Disclaimer p p Gartner does not endorse any vendor product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation Gartner research publications consist of the opinions of Gartners research organization and should not be construed as statements of fact Gartner disclaims all warranties expressed or implied with respect to this research including any warranties of merchantability or fitness for a particular purpose p p Gartner Cool Vendors in Artificial Intelligence for Marketing May 2017 A Cool Vendor p p Gartner Inc Hype Cycle for Digital Marketing and Advertising 2018 by Bryan Yeager Mike McGuire July 25 2018brGartner Inc The Gartner Marketing Technology Vendor Guide 2018 by Bryan Yeager Adam Sarner Noah Elkin Benjamin Bloom August 20 2018 p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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