
AI Tech Firm Expert System Secures $29.4 Million Investment
The company will be able to carry out its growth strategy to become the global platform of reference for the design, development, implementation, and management of Artificial Intelligence solutions.
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CIO Applications Europe | Thursday, August 13, 2020

The company will be able to carry out its growth strategy to become the global platform of reference for the design, development, implementation, and management of Artificial Intelligence solutions
FREMONT, CA: The global Artificial Intelligence company Expert System raised $29.4 million in the latest round of funding, including $20 million raised through institutional investors and $9.4 million through the exercise of shareholder option rights.
Walt Mayo, Expert System CEO, said: "We are extremely pleased by the timely support and confidence in our strategic plan from our shareholders and new investors, and we are thrilled to welcome these new executives to our leadership team. As companies of every size increasingly rely on data to make better decisions, faster, the current opportunities in the Artificial Intelligence-based Natural Language market position us for tremendous growth over the near term. Colin and Keith bring a depth of industry knowledge and expertise that will allow us to capitalize on the strength of our technology and of our existing teams for capturing this potential as we continue to innovate and grow the business in the US and globally."
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The company also announced the addition of Colin Matthews, Chief Revenue Officer, and Keith C. Lincoln, Chief Marketing Officer. With these key addition, Expert System continues its process of growth and consolidation of global leadership for the technology and tools that support the creation, development, implementation, and management of AI applications to unlock the value of language in the enterprise at speed and scale.
"I am thrilled to be joining Expert System at this exciting time," said Colin Matthews, Expert System CRO. "The value that practical AI-based Natural Language technology can bring to organizations of every kind is unparalleled, and I am committed to scale and structure a sales organization that will be perfectly equipped to present this value to global enterprises, government organizations and technology partners."
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