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NarrativeWave raised $1.2 million in seed funding, bringing its total funding to $3.2 million.

The software startup was started by San Juan Capistrano-based Frost Data Capital, which creates companies focused on energy, manufacturing and healthcare, and keeps them under its roof for the duration of their development.

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NarrativeWave provides “situational intelligence” for the industrial internet, which incorporates machine learning and big data technology.

It created a software analytics platform that takes data from industrial equipment and generates “narrative” reports in real-time. The resulting efficiency can increase the profitability of service contracts on large-scale industrial assets, a Frost spokesperson said.

The $1.2 million came from private, accredited investors and will be used for additional product development, new hires, and implementing its platform with a handful of large clients, NarrativeWave Chief Executive Benjamin Decio said.