Founder: Stuart Frankel
Date launched: 2010
Funding: $32 million
Industry disrupted: Big data, software services
Source: Narrative Science
Stuart Frankel, founder and CEO of Narrative Science
An actual human writer wrote what you're reading right now. Narrative Science is aiming to change all that. The Chicago-based company, which began as a Northwestern University research project, is an artificial intelligence firm that claims it can take a company's data and craft it into a narrative that reads as if an actual person wrote it.
The company's patented artificial intelligence authoring platform—named Quill—pulls together data analytics and reasoning in order to turn out a narrative that consumers can understand. Company founder Stuart Frankel says Quill allows companies and organizations to spend less time crunching numbers and more time providing customers with more useful information.
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Forbes, Credit Suisse, and Mastercard are just some of the customers using the company's service. Late last year USAA, the insurance giant that specializes in financial products and insurance for military members and retirees, invested $10 million in the company, bringing its total venture funding to $32 million.
"Narrative Science began life at Northwestern University as a research project in the form of a software prototype that automatically generated baseball game recaps from data."
