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Lengoo, the AI-powered translation platform, has recently announced the successful completion of a $20M Series B funding round led by Germany-based technology investment firm, DEEP TECH. The funding round also saw participation from existing investors such as Creathor Ventures, Redalpine, and H14. The funds raised will be used to fuel the company’s growth and expansion plans across Europe and also into the US market.
As the demand for accurate and efficient translation services continues to increase due to globalization, Lengoo has been at the forefront of using advanced technology to deliver fast, high-quality translation services. The company has designed an AI-powered platform that utilizes natural language processing (NLP) to understand and analyze the meaning of words, phrases, and entire sentences, and also has the ability to learn and improve its accuracy over time.
With the latest funding round, Lengoo plans to further enhance its advanced AI technology and expand its team to deliver even more accurate translations in multiple languages. The new capital will also enable Lengoo to strengthen its foothold in the European market and widen its reach into the US.
According to Peter Webers, CEO of Lengoo, “We are delighted to have secured this new funding, which will enable us to continue to drive innovation in the translation industry and deliver exceptional service to our clients. This latest funding round is a testament to the hard work of our team and their dedication to optimizing our AI-powered platform to achieve the highest level of accuracy and efficiency for our clients.”
In addition to its advanced AI-powered translation technology, Lengoo has also developed an intuitive and user-friendly platform that integrates seamlessly with its clients’ existing systems. This integration enables clients to upload their content and receive accurate translations quickly and efficiently. The platform also allows clients to review and approve translations, ensuring that the final product meets their specific requirements.
Lengoo’s successful completion of its $20M Series B funding round is a clear demonstration of the company’s commitment to delivering fast, accurate, and efficient translation services using advanced AI technology. With the new funding, Lengoo is poised to grow its market share and enhance its platform to continue to meet the needs of its rapidly growing global client base.