How Leading Investors Think About the Future of the Language Industry
Investors from Carlyle and Mayfair Equity Partners make the case for language industry growth, and share why LLMs could help translation companies talk to the C-suite.
*New* Slator Pro Guide: Scaling an LSP Key Account — Growing Small Clients into Key Accounts
Extensive coverage of startup investments including seed and series A to E rounds in translation, language technology and natural language processing.
Investors from Carlyle and Mayfair Equity Partners make the case for language industry growth, and share why LLMs could help translation companies talk to the C-suite.
Intento secures additional backers for its generative AI platform in USD 8m Series A funding as investors pick company in “crowded” translation and localization space.
In the UK, PE-backed language service provider The Translation People secured GBP 10.5m in debt financing with Shawbrook Bank to help deliver its buy-and-build M&A strategy.
US-based machine translation and media localization startup, XL8, raised USD 7.5m at a ca. USD 60m valuation, to develop its product, add generative AI, and expand internationally.
Enterprise generative AI company Writer, Inc. completes a Series B round of funding, securing USD 100m from seven investors; plans to expand industry-specific LLMs.
Led by Joint Effects, the round brings total raised to date to USD 22.4m; company plans to use funds to grow machine learning team and integrate generative AI tech into existing platform.
Ireland-headquartered game localization and game services provider Keywords Studios has secured a new unsecured revolving credit facility (RCF) agreement of USD 400m.
Localization tech platform Phrase plans to dedicate funds to AI-driven advancements, having rolled out a new machine translation engine in November 2022, and hints at an upcoming release.
Second funding round brings total raised to USD 21m. ElevenLabs plans to invest in voice AI research hub and vertical-specific products; speech synthesis tool supports eight languages.
Cohere raises USD 270m in series C funding from investors including chip giant NVIDIA as the arms race heats up for scaling large language models for the enterprise.
AI video generation platform Synthesia raised USD 90m at a billion-dollar valuation for its multilingual avatars. The platform now offers users direct access to third-party LSPs.
UK-based media localization company ZOO Digital raises GBP 12.5m (USD 15.5m) in a share placing to finance its planned acquisition of a Japanese subtitling and dubbing provider.
US- and Turkey-based media localization startup, Ollang, has raised USD 1.5m in seed funding to expand internationally and develop its proprietary workflow management product.
Belgium-based language service provider (LSP) Jonckers sells a majority stake to investment firm Mayfair Equity Partners after rapid organic growth, of more than 75%, in 2022.
Natural language processing (NLP) software startup NuMind has raised USD 3m to help companies create custom machine learning (ML) models for a range of NLP tasks.
The EU Commission announced a EUR 20m tender for the development of advanced language technologies focused on natural language understanding and interaction.
Former Keywords Studios’ Exec, Andrea Ballista, has raised EUR 1m for his new machine dubbing venture, Voiseed, which aims to revolutionize the dubbing industry.
Canada-based natural language processing (NLP) startup, Cohere, is tipped to be raising hundreds of millions of dollars at a valuation of more than six billion dollars.
Media localization giant, Iyuno, announces its strategic investment in Turkish subtitling and dubbing provider, Ak’la Kara International, to add capacity for Turkish dubbing.
Danish language software provider, EasyTranslate, has raised more than EUR 3m to build a ChatGPT-based content generation tool integrated into the translation workflow.
Slator Weekly: Join over 15,800 subscribers and get the latest language industry intelligence every Friday
Tool Box: Join 10,000 subscribers for your monthly linguist technology update.
Your information will not be shared with third parties. No Spam.
This will close in 0 seconds