TheySay, a software spin-out from Oxford University, has secured £1m ($1.51m) from University of Oxford Isis Fund, managed by Parkwalk Advisors, and the IP Group.

The company is developing a text analytics artificial intelligence capable of crunching big data. Its software takes unstructured data, and puts a narrative to it, allowing users and machines to determine what can be derived from it. Text analytics is a market currently estimated to be worth around $2bn globally, and growing at an annual…