Narrative Science Inc.

Narrative Science Inc. specializes in natural language generation technology, transforming data into human-readable narratives, enabling organizations to derive insights from data effectively and efficiently. Founded in 2010 in Chicago, US, Narrative Science Inc. focuses on harnessing artificial intelligence to generate insightful narratives from data.

The company has undergone strategic pivots to enhance its offerings. Stuart Frankel serves as the CEO, bringing experience from previous ventures. The company has achieved 9 deals, with the latest funding round being Series D, raising USD 11. 00 mn from investors including Fantail Ventures and Sapphire Ventures.

The total amount raised by the company stands at USD 11. 00 mn with a current valuation of USD 123. 744 mn, as of December 15, 2021. Narrative Science provides advanced solutions that utilize artificial intelligence and machine learning to automate the generation of insights from data.

Their products include tools that convert complex datasets into clear, actionable narratives for various user levels, ranging from business analysts to data scientists. The company primarily serves clients in North America, Europe, and Asia-Pacific, helping organizations across sectors such as financial services, healthcare, and retail make data-driven decisions. Narrative Science generates revenue through a subscription-based model, offering various tiers for different levels of data access and functionality. Clients can choose from tailored options depending on their organizational needs, including offerings suitable for individuals, teams, and enterprises.

This B2B model is supported by flagship products that enable users to derive insights and reporting from their data effectively. Following its acquisition by Salesforce. com, Inc. in December 2021, Narrative Science plans to expand its product offerings by developing new features and enhancing its existing technology.

The company aims to penetrate deeper into markets within North America and explore opportunities in Europe and Asia-Pacific by leveraging Salesforce's resources. Recent funding will support these initiatives, enhancing their product capabilities and market reach.