Neur.on Raises USD 1.6m to Scale TMS ‘Hyper-Specialized’ for Legal and Finance
Swiss SaaS platform, Neur.on, designed for localization users, buyers in legal and finance sectors, announces USD 1.6m investment round.
Investment & Funding
Extensive coverage of startup investments including seed and series A to E rounds in translation, language technology and natural language processing.
Live Meeting Transcription Startup, Airgram, Raises USD 10m in Series A
Airgram raises USD 10m in series A from four investors; plans expansion of R&D, services, and offices.
Indian Machine Dubbing Startup Dubdub Raises USD 1m
Machine dubbing startup, Dubdub, raises USD 1m in seed funding. Finds traction with marketing, creative agencies; sees “strong pull” from production houses, OTT.
XL8 Raises USD 3m Bridge to Accelerate Machine Translation in Media Localization
Machine translation (MT) startup, XL8, raises USD 3m on UVP; engine trained on human-curated, post-edited data from media and entertainment industry. Round led by Korean VC, Atinum.
USD 4.8m Private Placement for Canadian Transcription Company VIQ Solutions
Two shareholders have purchased more than 3.55 million shares of publicly traded company, VIQ Solutions, which has grown via recent acquisitions to offer translations and voice-overs.
Slator Interpreting Services and Technology Report
60-page report on the growth industry of interpreting, featuring analysis by mode, setting, geo, buyers, business use cases, RSI, OPI, VRI. Incl. market size estimate.
thebigword Owner Susquehanna Leads Speechmatics’ USD 62m Series B
Speech-to-text company Speechmatics raises USD 62m; declines “frothy” valuation; aims for GBP 100m in annual recurring revenues.
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.
‘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.
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.
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.
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.
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