StatSheet, a Durham, N.C. real-time content automation, has raised $4m in new funding.
The round was led by Court Square Ventures and OCA Ventures, with participation from IDEA Fund Partners and other existing investors.
In conjunction with the funding, the company has changed its name to Automated Insights to reflect the applicability of its technology to data-intensive verticals beyond sports such as such as finance, real estate, weather, sales productivity and business intelligence applications.
Led by CEO and founder Robbie Allen, Automated Insights has developed a technology that transforms vast amounts of raw data into narrative content (articles, summaries, headlines), visual displays (charts, tables, graphs) and interactive applications (mobile and Twitter/Facebook–based social applications).
The company currently converts a data set of over 2 billion statistics into comprehensive coverage of NCAA college basketball and Major League Baseball. It publishes over 15,000 articles per month through its network of more than 375 team-centric websites, mobile applications and Twitter and Facebook accounts.
Later this fall, Automated Insights will also launch team-centric sites and mobile apps for all 32 NFL and 244 NCAA Division I College Football teams.
FinSMEs
18/09/2011