‘Accent Translation’ Startup Sanas Raises USD 32m in Series A
Palo Alto startup will use funds to open a location in India, where many customer service agents working in offshore call centers often face bias due to accents.
Investment & Funding
Extensive coverage of startup investments including seed and series A to E rounds in translation, language technology and natural language processing.
Machine Dubbing Startup Dubverse Raises USD 0.8m in Seed Round
Synthetic dubbing startup, Dubverse, raises USD 800,000 in seed round led by Kalaari Capital; offers “real time” automated dubbing.
Memsource Snags EUR 15m in Fresh Funding From Majority Owner Carlyle
Memsource gets EUR 15m growth capital injection from Carlyle, the private equity firm that acquired a majority stake in the SaaS translation technology provider two years ago.
AI Dubbing Startup, Papercup, Raises USD 20 Million in Series A
London-based AI dubbing startup, Papercup, raises USD 20m in oversubscribed round. Head of Growth, Amir Jirbandey, credits strong position to human-in-the-loop innovation, among others.
Technology Startup Waverly Labs Raises Capital Via Crowdfunding
New York-based, interpreting-earpiece manufacturer, Waverly Labs, looks for fresh capital via crowdfunding campaign on StartEngine.
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Remote Interpreting Platform Jeenie Valued at USD 34m in Series A
Launched in 2018, Jeenie pivoted during the pandemic from international tourism to healthcare, and raised a US 9.3m series A on a gig-economy-meets-marketplace business model.
Lilt Raises USD 55m in Series C, Expands Features for ‘Fully Automatic Workflows’
AI language services and tech agency, Lilt, raises USD 55m in series C funding led by Four Rivers, with new investors Sorenson Capital, Clear Ventures, and Wipro Ventures.
Weglot Raises EUR 45m to Scale in SaaS Website Localization
Website translation localization provider, Weglot, secures EUR 45m (USD 49.4m) investment from technology investor Partech Growth for its no-code, SaaS-based website localization solution.
Transline, One of Germany’s Largest LSPs, Sold to Investment Firm Blue Cap
Germany’s Transline Gruppe swaps majority owners as former backer LEAD Equities exits via sale to investment firm Blue Cap. Transline founder retains significant minority.
ZOO Buys Majority Stake in Korean Subtitling, Dubbing Company WhatSub Pro
UK-based media localization company, ZOO Digital, acquires 51% stake in Seoul-based provider of Korean-language subtitling and dubbing, WhatSub Pro.
Low-Resource Language API Platform NeuralSpace Raises USD 1.7m in Seed Round
SaaS platform, designed for software and app developers with limited knowledge of NLP, valued at USD 11m; advocates “voice-first” approach for end-users in developing countries.
Translation and Remote Work Platform Viva Translate Closes USD 4m Seed Round
100,000 Spanish-speaking workers in IT, design, data entry, and more on waitlist to use Viva Translate machine translation to communicate with potential US employers.
Machine Dubbing Startup Deepdub Raises USD 20m
Israel-based machine dubbing startup, Deepdub, raises USD 20m in series A for its AI-based localization and dubbing solution for TV and Film.
Media Localizer Iyuno-SDI Valued at USD 1.2 Billion in IMM Investment
Media localization giant Iyuno-SDI valued at USD 1.2bn in the latest investment led by IMM, as the subtitling and dubbing leader continues to ride tailwinds in entertainment and streaming.
US Healthcare Interpreting Specialist GLOBO Secures Growth Investment
On-demand language service provider, GLOBO, secures growth investment from VSS Capital Partners amid macro tailwinds in US healthcare interpreting.
Machine Translation Startup Language I/O Raises USD 6.5m, Sets Sights on EU, UK
CEO of machine translation provider Language I/O shares plans for latest USD 6.5m fund raise. Startup to nearly double its staff in 2022 and expand into Europe and the UK.
Language Service Provider STAR7 Raises EUR 15m in Milan IPO
Italy-based language service provider STAR7, part of STAR Group, raises EUR 15m in December 2021 IPO in Milan.
Localization Management Startup Lokalise Raises USD 50m in Series B
Localization and translation management startup Lokalise raises USD 50m in Series B led by VC firm CRV, having more than tripled annual recurring revenue since September 2020.
Multilingual Video and Avatar Startup Synthesia Raises USD 50m
AI video-generation startup Synthesia raises USD 50m to advance video use for the enterprise and build a studio in London to develop multilingual avatars.
Smartling Closes USD 160 Million Growth-Funding Round
US-based language services and technology provider Smartling raises USD 160m from Battery Ventures in the translation and localization industry’s biggest funding round to date.
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