Artificial intelligence-enabled insights platform startup Amenity Analytics Ltd. has raised $18 million in new funding to expand hiring and product development.

The Series B round, announced today, was led by Starr Companies and included Allstate, Intel Capital and State of Mind Ventures. Intel Capital had previously invested in the company in October 2017.

Founded in 2015, Amenity Analytics offers a text analytics platform that allows customers to identify actionable signals from unstructured data. The platform uses natural language processing to comprehend complex text documents and uncover real-time, actionable insights that can be of use to institutional investors, insurance companies, media organizations and other businesses. Amenity said its platform can quickly identify key commentary and determine the critical indicators and statements that help executives make business decisions, drive company performance and gauge sentiment in an audience.

Clients include Barclays, Citi, Evercore, Moody’s, Nasdaq, TimeWarner and other media companies, financial exchanges and large consultancies according to VentureBeat. Two additional clients are also likely found in its new investors with both Starr and Allstate being major insurance companies.

“Since its initial round of funding, Amenity has demonstrated an ability to advance its technology not only to serve the financial industry but also to uncover applications for insurance and a variety of other sectors,” Nick Washburn, senior managing director and chief operating officer of Intel Capital, said in a statement. “Today’s most sophisticated financial institutions can uncover meaningful insights and drive business value by applying Amenity’s novel NLP techniques to their growing volumes of unstructured text.”

Amenity was founded by Chief Executive Officer Nathaniel Storch, a former Wall Street analyst, Ronen Feldman, a professor at Hebrew University in Israel, and Hedva Feldman, who previously worked at Matrix. The company has offices in both New York City and Tel Aviv. Including the new round, Amenity has raised $25.6 million to date.

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