Narrative Science raises $11.5M – Wants to Put Tech Bloggers, Content Farms Out of Work
Tech 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.
Narrative Science raises $10 million, Fires its robot reporters – The Digital Reader November 30, 2014 um 11:02 pm
[…] This was Narrative Science’s third funding round, bringing their total capital investment to $32 million. Other investors this time around includded existing investors Sapphire Ventures (formerly SAP Ventures), Jump Capital, and Battery Ventures. The startup had last raised capital in September 2013 ($11.5 million). […]
The AP is the Latest to' Join the Robot Reporter Brigade | Ink, Bits, & Pixels May 20, 2015 um 7:55 pm
[…] madmen, but today it is a simple fact. Following in the footsteps of many other news organizations, including Forbes, the Associated Press announced today that they would soon be automating the reporting of the […]