Translated Receives $25M Investment From Ardian
– Translated, an Italy and US-based company that pioneered the use of artificial intelligence to support professional translators, announces that the world-leading private investment house Ardian has invested $25 million, leading a $30 million investment round.
– Translated is an end-to-end translation platform that combines its renowned proprietary adaptive neural machine translation software ModernMT with its network of 200 000 engaged linguists.
– Over the last several years, the company has experienced a consistent 30 percent organic growth rate year-on-year.
– Thanks to this human-machine symbiosis, Translated offerings have been constantly improving. Today Translated can serve global tech platforms including Airbnb, Google and Uber as well as small and medium-sized businesses.
MotionPoint Corporation Completes Investment from Lightview Capital
– MotionPoint Corporation has completed an investment from Lightview Capital.
– MotionPoint combines the power of human translation and technology, empowering companies to create valuable relationships with international customers, partners and distributors.
– MotionPoint’s industry-leading managed technology platform offers unparalleled flexibility, breadth and depth to accommodate a wide spectrum of enterprise translation needs.
– MotionPoint enables companies to accelerate their development of new products, expand their offerings to new and existing markets, and drive greater value for its customers.
NeoPhore Closes £15.2M Series B Funding Round
– NeoPhore is a Cambridge, UK-based small molecule neoantigen immuno-oncology company.
– Series B funding round closed.
– The round was led by Claris Ventures with participation from 2Invest, 3B Future Health Fund and Astellas Venture Management alongside founding investor the CRT Pioneer Fund.
– The new investment will be used to advance the company’s drug discovery pipeline.
Lengoo Raises USD 20M in Series B Funding
– Lengoo, a language tech company from Berlin, raised USD 20M in Series B funding.
– The round was led by Inkef Capital with existing investors Redalpine, Creathor Ventures, and Techstars also participating alongside angel investors Matthias Hilpert and Michael Schmitt.
– New investors also include Polipo Ventures and Volker Pyrtek (former CPO of Deutsche Telekom).
– The company intends to use the funds to accelerate global expansion and advance the development of their proprietary NMT framework for ultra customization of neural machine translation models for the professional use case.
