LocalGlobe and Sands Capital Ventures led the financing round, which will fund research and quality control expansion.
"Most of the world’s videos – billions of hours of content – are shackled to a single language. And that’s for a simple reason – quality dubbing is prohibitively expensive and time-consuming, so current solutions only work for a select group of deep-pocketed content owners. Speech translation technology fundamentally changes the dynamics of how content is distributed and monetised. The technology we created will level the playing field – allowing all forms of video and audio to be consumed in any language, therefore vastly multiplying the potential reach for all content creators."
The Series A round was led by OpenOcean with participation from Robert Bosch Venture Capital to fund commercial expansion.
"Cloud has been instrumental in unlocking greater IT flexibility. The next challenge is supporting the creation and processing of skyrocketing data volumes efficiently. It’s not uncommon to see enterprises hike their infrastructure costs up to 10x for some data-intensive applications when they move to the cloud."
Northzone led the Series A round to support the company as it accelerates international expansion.
"Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitization, despite covering the world’s largest asset class. Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action. This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings."
