Saturday, April 10, 2021
Home Tech SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group...

SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group – TechCrunch

Iyuno-SDI Group, a provider of translated subtitles and different media localization providers, introduced as we speak it has raised $160 million in funding from SoftBank Vision 2. The firm mentioned this makes the fund one in every of its largest shareholders.

Iyuno-SDI Group was fashioned after Iyuno Media Group accomplished its acquisition of SDI Media final month. In a current interview with TechCrunch, Iyuno-SDI Group chief government officer David Lee, who launched Iyuno in 2002 whereas he was an undergraduate in Seoul, described how the corporate’s proprietary cloud-based enterprise useful resource planning software program permits it to carry out localization providers—together with subtitles, dubbing and accessibility options—at scale.

Iyuno additionally constructed its personal neural machine translation engines, skilled on knowledge from particular leisure genres, to assist its human translators work extra shortly. The firm’s purchasers have included Netflix, Apple iTunes, DreamWorks, HBO and Entertainment One.

Now that its merger is full, Iyuno-SDI Group operates a mixed 67 workplaces in 34 nations, and is ready to carry out localization providers in greater than 100 languages.

SoftBank Group first invested in Iyuno Media Group by SoftBank Ventures Asia, its enterprise capital arm, in 2018. SoftBank Vision 2 will be a part of Lee and buyers Altor, Shamrock Capital Advisors and SoftBank Ventures Asia Corporation on Iyuno-SDI Group’s board of administrators.

Leave a Reply

All countries
Total confirmed cases
Updated on April 10, 2021 6:58 pm

Most Popular

Most Popular

Recent Comments

Chat on WhatsApp
How can we help you?