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
Investment & Funding
Extensive coverage of startup investments including seed and series A to E rounds in translation, language technology and natural language processing.
Intento Raises USD 8m in Series A as Investors Back Generative AI
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.
The Translation People Secures GBP 10.5m in Debt Financing
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.
Media Localization Startup XL8 Raises USD 7.5m in Series A
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.
Writer, Inc. Raises USD 100m in Series B Round
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.
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.
Multilingual Customer Support SaaS Provider Language I/O Raises USD 8M in Series A1
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.
Game Localizer Keywords Studios Secures USD 400M Credit Line
Ireland-headquartered game localization and game services provider Keywords Studios has secured a new unsecured revolving credit facility (RCF) agreement of USD 400m.
Phrase Scores EUR 12M in Debt Financing From CIBC Innovation Banking
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.
Multilingual Voice-Generator ElevenLabs Valued at USD 99M in USD 19M Series A
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 as Large Language Model Arms Race Heats Up
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.
Synthesia is Now a Unicorn as Series C Values Multilingual Avatar Platform at USD 1bn
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.
ZOO Digital Taps Investors for Japan Acquisition, Gives Full-Year Revenue Guidance
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.
Media Localization Startup Ollang Raises USD 1.5M in Seed Funding
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.
Investment Firm Mayfair Equity Partners Acquires Majority Stake in Jonckers
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.
NLP Startup NuMind Raises USD 3m in Seed Funding
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.
EU Issues EUR 20m RFP for Large Language Models that ‘Respect European Values’
The EU Commission announced a EUR 20m tender for the development of advanced language technologies focused on natural language understanding and interaction.
Machine Dubbing Startup, Voiseed, Founded by Ex-Keywords Exec, Raises EUR 1M
Former Keywords Studios’ Exec, Andrea Ballista, has raised EUR 1m for his new machine dubbing venture, Voiseed, which aims to revolutionize the dubbing industry.
Cohere Reportedly Valued at 6 Billion USD as Investors Pile into NLP Foundation Models
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.
Iyuno Invests in Turkish Subtitling and Dubbing Company Ak’la Kara
Media localization giant, Iyuno, announces its strategic investment in Turkish subtitling and dubbing provider, Ak’la Kara International, to add capacity for Turkish dubbing.
EasyTranslate Raises EUR 3m to Scale ChatGPT Content Generation Tool
Danish language software provider, EasyTranslate, has raised more than EUR 3m to build a ChatGPT-based content generation tool integrated into the translation workflow.
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