Text Analysis Startup Amenity Analytics Raises $18 Million

Text analysis startup Amenity Analytics IL Ltd. announced Monday it has completed an $18 million series B round led by American insurer Starr International Company, Inc. Insurer Allstate and existing investors Intel Capital and State of Mind Ventures also participated.

Founded in 2015, Amenity uses natural language processing to rapidly process complex text documents into actionable insights. Amenity’s technology analyzes texts ranging from regulatory filings and earnings transcripts to social media content. The company lists institutional investors, insurance companies, and media organizations among its customers. The company has previously raised $27.6 million, according to Pitchbook data.