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.

Banks likeUBS and FI Point72 Asset Management use Digital Reasoning’s services.

The new round of funding will be used to further build technology  for natural language processing as well as growing its product offerings for capital markets and wealth management companies.

Tim Estes, president and founder of Digital Reasoning, said in  statement today:

The new investment will enable us to use our novel and patented AI technology to turn all forms of communications data – including now audio and voice data – into discoverable, understandable, and actionable insights that help to accelerate customer-centric data strategies in the world’s largest Enterprises.

Read more at Finextra and Globenewswire.