Narrative Science, which is developing technology to create narratives from data, has increased its total funding to $32m after raising $10m from investors including SAP.

US-based narrative technology company Narrative Science secured $10m in series D funding on Friday from investors including Sapphire Ventures, the venture capital firm affiliated with software producer SAP.

A subsidiary of financial services provider USAA led the round in conjunction with USAA signing a software licensing agreement with Narrative Science. VC firms Jump Capital and Battery Ventures also participated.

Founded in 2010, Narrative Science has created artificial intelligence technology that can process raw data and sort it into a narrative.…