TUCSON, Ariz.--(BUSINESS WIRE)--DVI Equity Partners, LLC (DVI), along with VT Companies and DF

Enterprises, announced today an investment in Luminoso Technologies’

Series B round of financing. Luminoso’s award-winning software applies

artificial intelligence (AI) and natural language processing (NLP) to

derive insights from text-based and unstructured data such as contact

center interactions, chat-bot and live chat transcripts, product

reviews, open-ended survey responses and email. The software natively

analyzes text in fourteen languages, as well as emoji. Terms of the

investment were not disclosed.

“Luminoso is a remarkable company and well-positioned 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.”

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,

“Near-term business impacts of AI for marketing center on making insight

generation and prediction faster, more accurate and more actionable.”

“Luminoso is in a time of unprecedented growth and opportunity,” said

Luminoso CEO Adam Carte. “We are excited to partner with three

well-capitalized and sophisticated family office investors in this next

stage of our development. In particular, we believe DVI’s 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.”

According to the Markets and Markets report titled “Natural Language

Processing Market,” the NLP market size is estimated to grow from $7.63

Billion in 2016 to $16.07 Billion by 2021, at a Compound Annual Growth

Rate (CAGR) of 16.1 percent.

About Luminoso Technologies

Luminoso Technologies is a leading artificial intelligence (AI) and

natural language understanding (NLU) company that enables companies to

rapidly discover insights in open-ended feedback. Luminoso’s

award-winning software applies AI to accurately analyze text-based 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 Luminoso’s

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.

For more information, visit www.luminoso.com,

and follow Luminoso on Twitter at @LuminosoInsight.

About DVI Equity Partners, LLC

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

business-to-business (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 dviequitypartners.com

for additional information.

Disclaimer:

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 Gartner's

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.

*Gartner, Cool Vendors in Artificial Intelligence for Marketing, May

2017 – A Cool Vendor

Gartner, Inc. “Hype Cycle for Digital Marketing and Advertising, 2018”

by Bryan Yeager, Mike McGuire. July 25, 2018.

Gartner, Inc. “The

Gartner Marketing Technology Vendor Guide, 2018” by Bryan Yeager, Adam

Sarner, Noah Elkin, Benjamin Bloom. August 20, 2018.

Contacts

Priscilla Storm

Diamond Ventures Inc. (DVI)

520-577-0200