Gengo announced today that its recent funding round closed US$12 million additional funding. The fund contributors was headed by Intel Capital. Other participants in the recent funding round are STC Ventures, Atomico, NTT-IP, Iris Capital and Infocomm Investments. Details of the deal were not provided.
The infused capital will be allotted for global expansion, improvement on its translation platform and upgrading the speed of the translation process.
"The Gengo team is excited about working with investors from Asia, the USA, Europe, and the Middle East, lead by Intel Capital, because of their global experience and track record helping entrepreneurs," according to Robert Laing, CEO and co-founder of Gengo.
While Matthew Romaine co-founder and CTO of Gengo said, "There's a significant technology component to human translation at scale, so it's great to work with a firm with the pedigree of Intel Capital."
Gengo, based in Tokyo, Japan, was founded back in 2009. It provides translation platforms for companies situated globally. It maintains 7,500 translators that work with clients on a 24-hour shift. It can translate in 33 languages in a matter minutes with a high level of quality as per client requirement.
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