Going through page after page of SEC filings is our idea of a fun time on a Saturday night. For the rest of you, there’s MarketBrief, which turns plicated SEC filings into short, simple news articles in about a send.

This Y binator startup launched last week with the promise to programmatically anize SEC filings the instant they’re made public and deliver the information to you as a plain-English summary.

Today, around 19 firms around the world (law firms, investment firms, etc.) get SEC filings in real time. MarketBrief if the only startup to do so.

MarketBrief parses around 100,000 pages of filings each day. It then uses that information to create 1,000 articles per day. The nascent service is currently being used by large legal, financial and media anizations, including Dow Jones, JPMan, Goldman Sachs, the Wall Street Journal, the Financial Times and many others.

The kinds of data MarketBrief is gleaning is not only fascinating to the average reader but essential to those who need legal, acunting and petitive intelligence information about public panies.

“In looking at XBRL, a new standard formatting for the filings, it made it a lot easier to summarize the data in the filings,” -founder Jason Zuhetto told VentureBeat at the Y binator Demo Days event today in Mountain View, Calif.

XBRL stands for extensible business reporting language. It’s an open standard for reporting business and financial data, and it’s making anizing, analyzing and municating business information a lot easier for panies like MarketBrief.

“Some of the filings are like Mad Libs where they’re just reporting numbers. But we’re getting into the language processing side of it. If it’s qualitative or a rporate event, that’s what we’re tackling now,” said Zuhetto.

So far, the language side is working out well enough. Here’s a sample paragraph from a MarketBrief story, which was entirely machine-written based on SEC documents:

Let’s take a quick, high-level look at insider trading at Sigma Aldrich rp over the past 12 months. A total of 220,331 shares of Sigma Aldrich rp stock was sold by insiders, totaling $13,812,322. Over the same time 12 month time period, 375 shares of Sigma Aldrich rp, for a total value of $22,125 were purchased by pany insiders.

Right now, the MarketBrief database ntains information and follows filings for more than 400,000 panies. Users of the service can follow panies, specific people or stock ticker symbols.

“We’re still really early, but you’ll see a lot of improvement over the next year,” said Zuhetto. “We’re looking at pulling in other documents from the FCA, F, to make it easy for people to see what’s going on.”

Zuhetto told us about the startup’s business plan, saying, “We want to sell feeds and charge customers a few thousand dollars a month for the information. There will be a freemium model; the current is delayed by a few minutes, and that’s free. And we’ll charge $9 per month for individual investors.”

While Zuhetto says investors and law firms are the service’s clearest demographic, he acknowledges that clearly, getting up-to-the-send data is hugely valuable to news anizations — the very same anizations that stand to lose the most if MarketBrief sueeds. The only way for publications like the New York Times or Wall Street Journal not to be left in the dust of untimeliness is to partner with MarketBrief.

As Zuhetto noted, “We can give these s a lot of ntent. We’ll be talking to partners in New York next week. One is one of the largest news anizations in the world.”

MarketBrief has taken $250,000 from Washington, DC-area angel investors and is actively looking for additional institutional funding. The pany is originally from DC and is now based in Mountain View.