PE Firm Mobeus Invests in The Translation People in Management Buyout
London-based private equity firm, Mobeus, acquires majority stake in UK-based language service provider, The Translation People, from LSP’s founders.
Investment & Funding
Extensive coverage of startup investments including seed and series A to E rounds in translation, language technology and natural language processing.
AI Dubbing Platform, NeuralGarage, Raises USD 1.45m in Seed Round
Indian visual dubbing startup, NeuralGarage, raises USD 1.45m in seed funding to build R&D, engineering, and product teams.
Confirmed: DeepL a Unicorn as Investment Values Machine Translation Firm at USD 1bn+
DeepL confirms it raised funds from VC at a billion-dollar valuation, giving the German-based machine translation company lots of dry powder to scale in the enterprise segment.
DeepL Taps Investors in Round Valuing Machine Translation Firm at USD 1 Billion — Reports
German tech darling DeepL said to be in final stretch of closing large venture capital-backed financing round, valuing machine translation firm at nearly USD 1bn.
Multilingual AI Writer Jasper Valued at USD 1.5 Billion in Series A
Among the dozens of AI writing tools built on GPT-3 and launched over the past year, Jasper takes the funding crown as it pockets USD 125m in a unicorn-making series A.
Slator 2022 Language Industry M&A and Funding Report
44-pages on 2022 translation and localization industry acquisitions and translation startup investments, with valuations, deal rationale.
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.
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.
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.
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.
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.
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