Dallas-based PureDiscovery Secures $10 Million Funding

PureDiscovery founder Dave Copps reinvented search technology to semantically connect people to relevant information and content.  It goes beyond the typical search of keywords. Currently it’s mainly being used in the legal field, with one of its largest clients the electronic archive LexisNexis. The company just raised $10 million in investor funding to expand the sales force and expand into other markets.

Miami-based private equity firm Medina Capital led the funding round with a $9 million investment, and will advise PureDiscovery on cloud-enabling its semantic discovery platform and its marketing strategy.

“Medina focuses on finding companies like PureDiscovery, which has a proven technology and established products, a growing customer base and a solid leadership base like Dave,” said Randy Rowland, a partner at Medina Capital, who’s based in Dallas.

PureDiscovery was founded in Dallas in 2005.

Source: Dallas Morning News, September 12, 2013.

Note: Links may break over time.