Lingopal.ai raises $14M in Series A funding led by DCM Ventures to enhance speech-to-speech translation

Whats Happening:

Lingopal.ai, a leader in real-time speech-to-speech translation, has raised $14 million in an oversubscribed Series A funding round led by DCM Ventures. The company's technology allows instant translation of live stream audio into over 120 languages, preserving emotional tone and handling nuanced language. Lingopal.ai is targeting the sports broadcasting market, which represents a $56B opportunity.

Key Moves:

• Lingopal.ai raises $14 million in Series A funding led by DCM Ventures

• Company targets $56B sports broadcasting market with real-time translation technology

• Lingopal.ai's platform supports translation to over 120 languages with low latency

By The Numbers:

• $14 million raised in Series A funding

• Over 120 languages supported for translation

• Less than two seconds latency on smallest models

Key Quotes:

• "This funding will accelerate our mission to break down language barriers and connect the world in real time," said Deven Orie, founder and CEO of Lingopal.

• "Lingopal.ai's impressive technology, coupled with its rapid growth and exceptional team, made this a compelling investment for DCM," said Hurst Lin, General Partner at DCM.

Bottom Line:

Lingopal.ai's $14M Series A funding positions the company to capitalize on the growing demand for real-time speech-to-speech translation, particularly in the lucrative sports broadcasting market. With its advanced AI technology and support for over 120 languages, Lingopal.ai is poised to transform global, live content industries.

Read Full Article