WASHINGTON, DC (August 22, 2025) – Ascend Capital Group is proud to announce its role as the exclusive financial advisor to KnowledgeLake, a portfolio company of Plymouth Growth, in securing a strategic growth investment from Edison Partners. The investment marks a significant milestone for KnowledgeLake as it continues to scale its operations and expand the reach of its AI-powered document processing and enterprise automation platform.
Headquartered in St. Louis, Missouri, KnowledgeLake delivers a unified solution that combines Intelligent Document Processing (IDP), Workflow Automation, Robotic Process Automation (RPA), and Content Management. With a growing customer base across government, education, healthcare, manufacturing, and financial services, KnowledgeLake provides organizations with a scalable, integrated platform to replace fragmented systems and reduce operational complexity.
The investment from Edison Partners will enable KnowledgeLake to accelerate initiatives across customer success, product innovation, and go-to-market execution. Kevin Herr, who previously served as Chief Operating Officer and Chief Financial Officer, has been appointed Chief Executive Officer. Founder Ron Cameron will remain engaged in an advisory capacity.
Reflecting on the transaction, Ron Cameron, Founder of KnowledgeLake, said, “This transaction marks the beginning of a new era for KnowledgeLake. Our amazing people are at the core of this success. It’s their passion and dedication to our growing customer base that makes this possible. Ascend was an incredible partner in bringing it all together.”
The transaction underscores the market’s growing demand for a unified platform that brings together document processing, workflow automation, and AI-driven insights. “KnowledgeLake’s platform stands out in a market that increasingly demands integrated, intelligence automation solutions, especially among underserved municipalities and local government agencies,” said D.J. Palmer, Managing Director at Ascend Capital Group. “The company’s ability to pair technological excellence and visionary leadership with measurable results has earned the trust of its customers and set KnowledgeLake apart from competitors in a big way. Ron, Kevin, and Plymouth have done an incredible job helping KnowledgeLake reach this milestone and we’re excited about this next chapter with Edison – it was a privilege to advise the KnowledgeLake team through this important inflection point.”
Looking ahead, Kevin Herr, Chief Executive Officer of KnowledgeLake, emphasized the role Ascend played in shaping the process. “Ascend brought a level of strategic discipline and storytelling clarity that was instrumental in helping us articulate our vision and attract the right partners. Their persistence and commitment helped us navigate a complex process, and I’m grateful for their support through a pivotal chapter in KnowledgeLake’s journey.”
In addition to Edison Partners, Plymouth Growth will continue to serve a key role in this new chapter of accelerating KnowledgeLake’s growth. Kevin Tarassi, Partner at Plymouth Growth, shared his perspective on the investment and its impact on KnowledgeLake’s growth strategy: “This transaction marks another strong outcome for Plymouth Growth and underscores the strength of our portfolio companies. KnowledgeLake’s unified automation platform—backed by an exceptional team—exemplifies the type of innovation and execution we are committed to supporting. We are proud of what has been achieved to date and excited to remain actively involved as an investor and board member by rolling a meaningful portion of our proceeds forward with Edison. Throughout the process, Ascend Capital Group brought a level of detail, discipline, and clarity that ensured we secured the right strategic partner to accelerate KnowledgeLake’s growth.”
The investment from Edison and continued involvement from Plymouth support KnowledgeLake’s increasing reputation as a best-in-class AI-enabled, low-code / no-code platform. Additionally, this investment along with Edison Edge, a value creation strategy used to unlock growth at scale, will help KnowledgeLake accelerate its product roadmap and enhance sale velocity to become a category leader within the business automation and orchestration ecosystem.
The strategic investment was effective August 8, 2025.
