The London startup secured £2m led by Ada Ventures to expand its mental health support offerings.
"The events of the past year have made workplace mental health issues front of mind for many, but these are problems which have long needed solving. It’s vital that, in today’s knowledge-driven economy, workers have access to high-quality mental health support that’s barrier-free, stigma-free, and free at the point of use. And that’s exactly what Spill will be able to deliver dramatically more of with the help of this latest funding round, led by Ada Ventures. We’re excited to help more companies create environments where people feel secure, engaged, and fundamentally understood — which is not only the humane thing to do for the team, but it’s the smart thing to do for the business. "
The Birmingham-based tele-optometry manufacturer has raised £2.5m from investors including Midven, Mercia Asset Management and the Future Fund.
"We at Eyoto have all the ingredients to become a major force within the embryonic field of tele-optometry: a great team, a range of game-changing technologies and, as this funding round proves, supportive investors."
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."
