Narrative Science Gets Money to Crunch Numbers
December 18, 2014
A smaller big data sector that specializes in text analysis to generate content and reports is burgeoning with startups. Venture Beat takes a look out how one of these startups, Narrative Science, is gaining more attention in the enterprise software market: “Narrative Science Pulls In $10M To Analyze Corporate Data And Turn It Into Text-Based Reports.”
Narrative Science started out with software that created sport and basic earnings articles for newspaper filler. It has since grown into help businesses in different industries to take their data by the digital horns and leverage it.
Narrative Science recently received $10 million in funding to further develop its software. Stuart Frankel, chief executive, is driven to help all industries save time and resources by better understanding their data
“ ‘We really want to be a technology provider to those media organizations as opposed to a company that provides media content,’ Frankel said… ‘When humans do that work…it can take weeks. We can really get that down to a matter of seconds.’”
From making content to providing technology? It is quite a leap for Narrative Science. While they appear to have a good product, what is it they exactly do?
Whitney Grace, December 18, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
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