Amenity Analytics, a New York-based text analytics platform provider, raised $7.6m in Series A funding.
Backers included Intel Capital and State of Mind Ventures.
The funding has been used to accelerate product development and to scale sales and marketing.
Co-founded in 2015 by Nathaniel Storch, Hedva Feldman and Prof. Ronen Feldman, Amenity Analytics leverages open data source architecture and cloud-based computing to provide a platform that uses self-correcting artificial intelligence to create insights from any kind of text.
The system uses accurate natural language processing which requires minimal coding or special information technology support.
Clients have used the platform to identify and extract data from regulatory filings, conference call transcripts, news, social media, research reports and more.