Fundraising Fox

NarrativeDx

AcquiredTechstars '17

Austin, US · Founded 2014 · Delaware corporation · 9 known investors

NarrativeDx is an Austin-based AI platform that analyzes unstructured patient feedback for hospitals and health systems.

Also known as NarrativeDx

Founders & leadership

NarrativeDx was founded in 2014 by Senem Guney and Kyle Robertson.

SG
Senem GuneyCo-founder
KR
Kyle RobertsonCo-founder
PR
Patrick RyaninChairman and Chief Executive Officer
NB
Nell BuhlmaninChief Strategy Officer
DD
Darren DworkininPresident and Chief Operating Officer
KF
Kyle FergusoninPresident and Chief Commercial Officer
DA
Devin AndersoninGeneral Counsel and Corporate Secretary
CC
Clemente CohenChief Financial Officer
EWEric Wilson
Eric WilsoninChief Technology Officer
TL
Thomas LeeinChief Medical Officer
CSChris Skiffington
Chris SkiffingtoninExecutive Vice President, Chief Growth Officer, Cross-Industries
DLDan Litwer
Dan LitwerinExecutive Vice President, Chief Growth Officer, Healthcare

Investors · 9

Also in the syndicate · 3

Christiana Care Health SystemleadLiveOak Venture PartnersleadTexas Medical Centerlead

Reported raises · per SEC filings

Form D private placements

$7.4M disclosed across 3 of 5 rounds · 2015–2019

$3MraisedMay 2019 · 10 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Senem GuneyExecutive Officer, Director
  • Jay ShahDirector
  • Kyle RobertsonExecutive Officer, Director
  • Mark BakkenDirector
  • William SchmidtDirector
  • John PaulosDirector
Offering amount
$3M
Amount sold
$3M
First sale
Apr 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3.7MraisedMay 2017 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Kyle RobertsonExecutive Officer, Director
  • William SchmidtDirector
  • Jay ShahDirector
  • Mark BakkenDirector
  • Senem GuneyExecutive Officer, Director
  • Ben ScottDirector
Offering amount
$3.7M
Amount sold
$3.7M
First sale
May 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$718KraisedJul 2015 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Senem GuneyExecutive Officer, Director
  • Shakeel RashedDirector
  • Kyle RobertsonExecutive Officer, Director
  • Marc YagjianDirector
Offering amount
$718K
Amount sold
$718K
First sale
Mar 2015
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

NarrativeDx is a healthcare analytics company based in Austin, Texas that applies natural language processing and machine learning to unstructured patient feedback. Its cloud-based, HIPAA-compliant platform collects comments from internal sources such as government-mandated CAHPS surveys, grievance letters, focus groups and patient portals, as well as external sources including social review sites such as Facebook, Yelp and physician review sites, and returns the analysis to hospitals as dashboards, charts and graphs.

The platform analyzes comments at a per-phrase level to identify sentiment, named doctors and nurses, key themes, procedures and readmission risk, and highlights areas for improvement across staff, physicians, units and facilities together with specific recommendations. The company positions the output as a bridge between quantitative and qualitative patient data, intended to support patient experience improvement, referral volume, hospital revenue and reputation. As of early 2019 the company was extending the approach to physician and nurse feedback, with a product line aimed at reducing clinician burnout and turnover then running in pilot clinics.

Founding story

NarrativeDx was founded in 2014 by Kyle Robertson, an AI engineer and intellectual property lawyer with a JD, and Senem Guney, PhD. Guney developed the concept during her doctoral research in organizational communication and technology at UT-Austin and her consultancy work at IBM, and had previously been a faculty member at SUNY Albany and a fellow at the Center for Technology in Government. Robertson had earlier founded the mobile crowd-funding platform iCare, worked as an intellectual property attorney at WilmerHale in Boston, and worked as a software engineer at National Instruments in Austin. The company was founded on the principle that patient voices matter and that insights drawn from patients' own words can improve patient-centered care.

Business model

NarrativeDx sells a SaaS analytics platform to healthcare providers and organizations, and works with patient experience and informatics leaders as well as consultancies to deploy it across departments and providers.

Software-as-a-service platform sold to hospitals and health systems.

Traction

The company reported reported improvements in patient experience measures of 80 percent and outpatient referral increases of over $50 million among users, and stated in May 2017 that it was on track to grow its client base tenfold that year. Total funding reached $7.1 million as of February 2019.

Latest developments

In February 2019 NarrativeDx announced a $3 million strategic investment led by Christiana Care Health System, the Texas Medical Center and Summation Health Ventures, and disclosed a new product line analyzing physician and nurse feedback to address clinician burnout and turnover. The NarrativeDx application login is now presented under Press Ganey Associates LLC branding, with account and support requests directed to Press Ganey.

Full profile — market position, technology, go-to-market, geography, history

Market position

The company described itself as a market leader in patient experience analytics; investors characterized its analytics engine for narrative patient experience data as differentiated in the sector.

The company points to per-phrase analysis of free-text patient comments, extraction of named clinicians and readmission risk signals, combination of internal survey and grievance data with external review-site data, and patented automated analysis of patient feedback.

Technology

A cloud-based, HIPAA-compliant, healthcare-specific AI platform built on natural language processing and machine learning. It performs per-phrase analysis of patient comments to extract sentiment, named clinicians, themes, procedures and readmission risk, and presents results in dashboards. The underlying automated analysis of patient feedback is covered by a U.S. patent granted in 2018.

Go-to-market

Direct sales to healthcare organizations, supported by partnerships with patient experience and informatics leaders and consultancies, participation in healthcare accelerators including Dreamit Health, Cedars-Sinai and the Texas Medical Center, and strategic investment from provider organizations such as Christiana Care Health System, MemorialCare and Cedars-Sinai. Proceeds from the 2019 round were directed to sales and marketing expansion and hiring.

Hospitals, health systems and care providers, including hospital leaders, patient experience directors and informatics leaders. Named clients have included NYU Medical Center, Seton Health Plan, U Penn Medicine and HackensackUMC Palisades.

Geography

Headquartered in Austin, Texas, serving healthcare provider customers in the United States.

History

The company participated in Dreamit Health in 2014 and raised a seed round with LiveOak Venture Partners among its backers. A Series A led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures was announced in May 2017, following an earlier round in 2016. NarrativeDx was selected for the Cedars-Sinai accelerator in the fall of 2017 and for the sixth digital health cohort of the Texas Medical Center accelerator in 2018, the same year it received a U.S. patent covering automated analysis of patient feedback. In February 2019 it announced a $3 million strategic investment, bringing total capital raised to $7.1 million. The NarrativeDx login page is now operated under Press Ganey Associates LLC, which handles account requests and support.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 20193 people
Total funding raisedFeb 2019$7.1M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with NarrativeDx for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Feb 2019
NarrativeDx raises $3M strategic investment

NarrativeDx secured a $3 million strategic investment led by Christiana Care Health System, the Texas Medical Center and Summation Health Ventures (backed by MemorialCare Health System and Cedars-Sinai Health System), with participation from prior investors HealthX Ventures and Cultivation Capital. Proceeds were earmarked for sales and marketing, product development and hiring.

$3M source ↗

Feb 2019
New product line for physician and nurse feedback

NarrativeDx began adding a product line analyzing physician and nurse feedback to help health systems reduce employee burnout and turnover; the tool was live at pilot clinics at the time of announcement.

source ↗

Jan 2018
Selected for Texas Medical Center accelerator digital health cohort

NarrativeDx participated in the sixth cohort of digital health startups at the Texas Medical Center accelerator.

source ↗

Jan 2018
U.S. Patent Office awards patent covering automated analysis of patient feedback

The U.S. Patent Office granted NarrativeDx a patent covering the automated analysis of patient feedback.

source ↗

May 2017
NarrativeDx announces Series A funding

NarrativeDx announced a Series A round led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures to fund continued development of its natural language processing and AI technology for patient experience analytics. LiveOak had previously invested in the company's seed round.

source ↗

Jan 2017
Selected for Cedars-Sinai accelerator

NarrativeDx was selected for the Cedars-Sinai accelerator in the fall of 2017.

source ↗

Jan 2014
Participated in Dreamit Health 2014

NarrativeDx took part in the Dreamit Health 2014 accelerator program.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
NarrativeDxDelaware

In the news

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does NarrativeDx do?
NarrativeDx is an Austin-based AI platform that analyzes unstructured patient feedback for hospitals and health systems.
Who founded NarrativeDx?
NarrativeDx was founded by Senem Guney, Kyle Robertson in 2014.
Who are NarrativeDx's investors?
NarrativeDx's investors include BCI, Excelerate Health Ventures, HealthX Ventures, Leonard Green, Techstars, TMC Venture Fund.
How much funding has NarrativeDx raised?
NarrativeDx has disclosed $7.4M raised across 3 of its 5 known rounds.
Where is NarrativeDx headquartered?
NarrativeDx is headquartered in Austin, US.