Narrative Science raises $11.5M – Wants to Put Tech Bloggers, Content Farms Out of Work

Narrative ScienceTech pundits often write about how a new tech disrupts an existing industry, and if Narrative Science is successful we're going to be hoist by our own petard.

This 3-year-old startup announced today that they have raised $11.5 million in a series C funding round. This is their second round of financing this year, and it follows the CIA-backed venture capital firm In-Q-Tel investing in Narrative Science in June. This firm also went through at least one previous round of financing in January 2011, where it picked up $6 million.

Narrative Science has been working for the past several years to develop algorithms that can replace basic reporting. It's been working with a number of news sites, including some as high profile as ABC and Forbes.

These news sites have been using Quill, the company's automated authoring platform, to turn basic statistics into news articles. Quill combines data analytics with artificial intelligence to transform data into narratives and insights, freeing writers from having to write the same basic article for each financial report or analyst's prediction.

GigaOm

 

About Nate Hoffelder (11594 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

2 Trackbacks & Pingbacks

  1. Narrative Science raises $10 million, Fires its robot reporters - The Digital Reader
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