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Narratize is proud to support Comcast NBCUniversal innovators. We're extending our reach within Comcast to empower innovators during Lab Week 2024.
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At Narratize, our mission is to accelerate innovation and product development by transforming how organizations communicate complex ideas. We believe that groundbreaking innovations often struggle to gain traction not because of their merit, but because of how they're communicated.
Our AI-powered platform empowers researchers, engineers, and product teams to articulate their ideas clearly and compellingly, ensuring that no great idea is left untold. By bridging the gap between technical expertise and effective communication, we're helping enterprises bring their boldest innovations to market faster and with greater impact.
A recent feature by Comcast NBCUniversal LIFT Labs highlights how our AI-powered platform is putting that mission into action.
The article sheds light on a crucial challenge we've identified in the corporate world: despite dedicating 30% of their workdays to communicating discoveries, failures, progress, and opportunities, only 37% of corporate researchers, scientists, and engineers report satisfaction with the support and resources available to them. While many turn to AI for assistance, inaccuracies and misinformation, particularly in technical fields, can undermine their efforts. This is where Narratize steps in.
Our platform is designed to supercharge the writing, researching, and ideating processes for professionals in complex sectors like aerospace, telecommunications, energy, and consumer packaged goods. We leverage over 30 corporate storytelling algorithms and draw from peer-reviewed databases and authoritative journalism to ensure content accuracy.
As our CEO Katie Trauth Taylor explains in the piece:
"Our goal is to simplify the creation of the most complex types of content professionals are tasked with developing so enterprises can innovate faster. We empower even the most technical subject matter experts to write story-rich, evidence-based content."
The article highlights some impressive results from our clients. An aerospace client reported a staggering 60x return on investment using Narratize, with employees saving an average of nine hours per week on communication tasks. Additionally, 80% of users at this company would recommend Narratize.
Our impact extends beyond the corporate world. At the UN World Food Forum, 240 junior research teams were given access to Narratize to help develop proposals to solve world hunger. Five out of six winning teams used Narratize to prepare their submissions, with 73% of users rating it as more accurate than ChatGPT. They also reported a 12% time-saving compared to manual preparation.
As an all-women founding team consisting of Catherine O'Shea, Kara Uchtman, and Katie Trauth Taylor, we're proud to be bringing much-needed gender diversity to the field. Despite all-women founding teams receiving just 0.3% of all AI fundraising, Narratize secured a $2 million seed round in late 2023.
Looking forward, we aim to expand our customer base and release data showcasing our superior productivity and efficiency benefits compared to other AI tools. Our long-term vision, as Taylor states in the article, is for our platform to "continually provide tools that synchronize writing and thinking, thereby streamlining the creative process for many people."
We're honored by this recognition from Comcast NBCUniversal LIFT Labs and excited about the future of Narratize in helping enterprises communicate ideas more efficiently and effectively.
Narratize is proud to be a Comcast NBCUniversal LIFT Labs portfolio company. LIFT Labs is an integral part of Comcast's commitment to innovation and entrepreneurship.
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LIFT Labs helps founders and Comcast NBCUniversal test products, develop solutions, and launch partnerships that transform customer and employee experiences. With entrepreneurship at its core, LIFT Labs builds on Comcast's proud history of supporting and partnering with founders from diverse backgrounds.
The program is designed to foster long-term partnerships between startups and Comcast NBCUniversal, driving innovation within the company and building next-generation products, technologies, and services. These innovations have far-reaching impacts on customers, employees, and communities.
Our participation in LIFT Labs has been instrumental in Narratize's growth and development. It's provided us with opportunities to connect with industry leaders, refine our product, and explore new applications for our AI-powered storytelling platform.
We're thrilled to announce that Narratize will be supporting Comcast innovators at this year's Lab Week. Lab Week, held three times a year, is a significant event in Comcast's innovation calendar. It provides an opportunity for Comcast employees to collaborate, explore new technologies, and pursue fresh ideas. This initiative embodies Comcast's commitment to fostering a culture of innovation and continuous improvement.
Our support of Lab Week builds on our involvement in the LIFT Labs AI Accelerator program earlier this year, where we had the opportunity to collaborate directly with Comcast business leaders. By supporting Lab Week, we're extending our reach within Comcast and helping to empower even more of their innovative minds.
During Lab Week, Narratize will be offering our AI-powered platform to Comcast teams, enabling them to more effectively communicate their ideas, research findings, and project proposals. We're excited to see how Comcast's innovators will leverage our technology to enhance their exploration of cutting-edge solutions and potentially transform customer and employee experiences.
This collaboration is a perfect example of how startups and established corporations can work together to drive innovation. We're honored to play a role in Comcast's innovation ecosystem and look forward to seeing the groundbreaking ideas that emerge from this Lab Week.
Stay tuned for more updates on our collaboration with Comcast and how Narratize is helping to drive innovation in the tech industry. To learn more about how Narratize can supercharge your team's communication and innovation processes, contact us today.
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