Narrative Science Inc., a firm that got its start with faculty at Northwestern University’s engineering school in Evanston, has received a third round of venture capital financing.
The firm focuses on turning data into stories and has a variety of clients in the news and financial services industries.
The $11.5 million in equity funding announced today comes from new investors Jump Capital and SAP Ventures along with participation from existing investors Battery Ventures and Northwestern University.
The company previously announced a strategic investment from In-Q-Tel, the CIA’s venture capital arm.
Chicago-based Narrative Science says it will use the new funding to increase its investment in Quill, its patented automated authoring platform, and continue to build out its sales and marketing organization.
Narrative Science gets $11.5 million to write next chapter (Chicago Business)
Narrative Science raises $11.5 million in equity funding (Chicago Tribune)