Artificial Intelligence
Gladia, a French AI startup specializing in transcription and audio intelligence, has raised $16 million in a Series A funding round led by XAnge, with additional contributions from Illuminate Financial, XTX Ventures, and other investors. This funding brings the company’s total capital to over $20 million since its establishment in 2022, according to a Venture Beat article. The startup has developed a multilingual real-time transcription engine that supports over 100 languages. CEO Jean-Louis Quéguiner told Venture Beat that he founded the company because existing speech recognition models of...
2024-11-01 04:35:15
The Lithuania-based remote interpretation platform Interactio announced this morning that it has raised $30 million in series A funding, with investments from venture capital firms such as Eight Roads Ventures and Storm Ventures. The company claims this is the largest sum of series A funding in the remote simultaneous interpreting (RSI) industry, noting that the money will ensure the company’s continued growth after a particularly big year during the COVID-19 pandemic. In addition to investing in new remote interpreting tools, the company plans to use the capital to expand its team by hiring n...
2024-11-01 04:57:46
KUDO, a New York-headquartered, cloud-based virtual interpreting platform, has been flying high since the beginning of the year as travel bans and work from home policies have decimated the in-person conference space. Virtual interpreting is exactly what it sounds like — rather than in-person or over the phone, interpreters work within an online platform of choice. Virtual interpreting includes remote simultaneous interpreting, which is what KUDO does. Simultaneous interpreting is necessary for fast-paced conference settings where participants may need to keep up with presenters in their nativ...
2024-11-01 05:50:09