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Fireroad Ventures Backs Narratize
Narratize is the tenth investment in the Fireroad Ventures portfolio.
January 24, 2024
Fireroad Ventures is pleased to begin 2024 by announcing its investment into Narratize, the trusted generative AI coauthor for innovative enterprises.
Narratize is the tenth investment made by the Cincinnati-based firm. Founded in 2022 by Katie Trauth Taylor, Catherine O'Shea, and Kara Uchtman, Narratize boasts a team with expertise spanning data science, narrative science, and computer science. Their combined experience has led to the identification of narrative algorithms proven to be persuasive and conversion-oriented within innovative industries.
“At the beginning of an AI-enabled age of sustained innovation, Narratize will facilitate speed to market for society-changing scientific, medical, and technical discoveries,” says Christy Johnson from Fireroad Ventures. “This team of co-founders brings unparalleled domain experience and campaigning skills. They will set the gold standard for usability, trust, and accuracy with Human-Led GenAI™.”
Narratize made its public debut in early 2023 following successful pilot programs with industry giants like NASA and Boeing. Since then, the platform has garnered the attention of Fortune 500 and global enterprise customers seeking to enhance productivity and revenue through reliable GenAI solutions. These solutions are tailor-made to support effective ideation, research, and communication among teams across R&D, product development, innovation, operations, and marketing.
"Our customers are proving that generative AI, when it's built in an evidence-based way, can help teams innovate faster through more effective storytelling—from communicating the seed of an idea through achieving message-market fit," says CEO Katie Trauth Taylor.
Narratize's foundation rests on a decade of peer-reviewed research on innovation storytelling. This research includes collaborations with 100 Fortune 500 chief innovation officers, chief technology officers, and professionals in R&D, product development, innovation, marketing, and communications across the most innovative industries in the U.S.
“As we got to know the Narratize team, the opportunity fit squarely in our sweet spot as a fund: a resilient founding team deeply familiar with the problem they are solving, taking a big swing. It's a huge bonus that they're in our hometown, too,” says Tim Metzner, Fireroad Ventures Partner and CEO.
Fireroad Ventures’ participation comes alongside regional firms like Cintrifuse Capital, Keyhorse Capital, and Northcoast Ventures as well as national firms like Kubera Venture Capital, HearstLab and How Women Invest. The funding will be used to accelerate the development of Narratize's AI platform, which helps enterprises in scientific, technical, and medical industries generate accurate, compelling content and communications to speed time to market for innovative products and initiatives.
Fireroad Ventures, based in Cincinnati, was founded in 2023 to make pre-seed and seed investments into B2B companies. Led by partners Tim Metzner, Ry Walker, and Christy Johnson, the team has made ten investments.
Narratize combines the power of narrative science with cutting-edge generative AI technology to ensure that no great idea is left untold. From optimizing research & development processes to scaling product launch, Narratize empowers brands with transformative ideas to unleash their full potential. Narratize is headquartered in Cincinnati, Ohio with offices in New York City.
About Fireroad Ventures
Fireroad Ventures is a Cincinnati-based pre-seed and seed stage venture practice, making investments into technology companies that are led by purposeful founders, and commiting to their flourishing as leaders. Fireroad invests to bring the economic and innovation benefits of venture capital to the region for generations to come. Fund I, a Regulation D 506(c) offering, is open to participation from accredited investors.
Contact Christy Johnson for more information regarding Fireroad Ventures.