StoryFit expands industry-first AI offering for studios and streamers to power content development
Austin, Texas, October 20, 2022 /PR Newswire/ — story fitis a fast-growing AI technology company that provides machine learning and audience insights to the entertainment industry, announced today. $5.5 million In Series A funding, Refinery VenturesStoryFit will use the funding to expand its client solutions and implement an aggressive recruitment strategy focused on machine learning, marketing and sales.
“At StoryFit, we have transformed the development process for industry-leading creators through industry-first AI solutions,” said StoryFit’s Founder and CEO. Monica Landers.Tim Siegel and refineries have a history of transforming industries. We are excited to have them join us as partners in this mission. ”
StoryFit uses groundbreaking natural language processing and machine learning to provide audience and content insights pre-production. This enables entertainment companies to deliver better content faster, identify and place stories for audiences, and harness the holistic power of stories throughout the content lifecycle. .
The company also announced an expansion of its leadership team. Andy Terrell, PhD, CTO. Terrel has successfully built and scaled his team of data science and engineering from seed stage to initial public offering, including his Anaconda, a platform used by millions of users worldwide. He joins the existing management team, which includes the founder and CEO. Monica LandersChief Operating Officer Mark Evansand Head of Growth and Revenue, Kymn Goldstein, said:
Refinery Managing Partner, Siegel, join the StoryFit board. Schigel created ShareThis, a social media pioneer used by nearly a billion people each month to share content online. He also launched and managed Cintrifuse, one of his highest performing funds of funds in the country. Successes to date include Advertising.com (AOL), Get2Chip (Cadence), and his DotLoop (Zillow). .
“I am very impressed with what StoryFit has built and has already achieved,” said Schigel. “We believe their technology and approach will provide entirely new opportunities for the entertainment industry to glean insights and better ROI from development to distribution.”
Additional existing and new investors in this round include Techstars, Europe-based Elkstone Partners, Collective Capital Ventures, Alumni Ventures and others.
About StoryFit:
StoryFit brings AI-powered Story Science to the entertainment and publishing industry throughout the story lifecycle. The entire lifecycle of a story continues from acquisition and creative development, to greenlighting production, marketing and distribution. StoryFit uses artificial intelligence to measure over 100,000 key features and compare them to thousands of other scripts and books to generate actionable insights.
Combining deep NLP and machine learning expertise with a deep understanding of narrative content, StoryFit revolutionizes the datasets offered to storytellers. It helps storytellers get the best content, identify story elements that are most effective in engaging audiences, and track and determine key developmental shifts. suitable audience. For more information, see: www.storyfit.com.
About Refinery Ventures:
Founded in 2017 Tim Siegel, Refinery Ventures is an investment firm focused on disruptive early-scale companies. From his extensive experience as founder of ShareThis, one of the most famous icons on the internet, and his CEO, he founded the Cintrifuse Syndicate Fund, $120 million, Siegel founded a refinery venture to bridge the gap between the Midwest and the Coast. Refinery Ventures can be found at: Cincinnati, OhioFor more information, please visit www.refinery.com.
Display the original content: https: //www.prnewswire.com/news-releases/entertainment-techNology-company-storyfit-closes-5-5-5-5-5-5-5-5-5-5
SOURCE story fit
Comments
Post a Comment