Automated Insights Digs Up $5.5M in Series B Funding
July 02, 2014
Automated Insights, a company producing personalized narrative content from Big Data, has closed a $5.5 million Series B financing round led by Osage Venture Partners. The round included participation from Samsung Venture Investment, Court Square Ventures, OCA Ventures, IDEA Fund Partners and others. Automated Insight's Wordsmith technology is a natural language generation platform that spots patterns, correlations and insights in large data sets and then describes them in plain English via narrative reports. The company has added Osage's David Drahms to its Board of Directors as part of the deal. The new funds will reportedly be used to hire more staff and expand into new markets.