Smartcat's Series C Funding, YouTube Dubs Launch, Viva Translate Closes Down Slator- Language Industry Intelligence Florian and Esther discuss the language industry news of the week, where they give their impressions from SlatorCon Silicon Valley and touch upon the findings from the 2024 ALC Industry Survey. In a significant funding update, Esther reports that Smartcat raised USD 43m in a Series C round, bringing their total funding to USD 70m. This funding will support product innovation in AI translation and multilingual content generation. Florian talks about YouTube’s potential launch of AI dubbing , a feature in testing that aims to generate translated audio tracks for videos, significantly enhancing content accessibility and engagement. In Esther’s M&A corner, Cloudbreak, now rebranded as Equiti, acquired its competitor Voyce and brought on a new private equity partner , Heritage Group. Meanwhile, EasyTranslate acquired Wor...
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Showing posts from September, 2024
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Highlights from SlatorCon Silicon Valley 2024 Slator- Language Industry Intelligence On September 5, 2024, more than 150 language industry and technology leaders gathered at Hotel Nia in Menlo Park, Silicon Valley . The event offered a friendly and relaxed environment, encouraging networking and reconnections among participants. Attendees from over a dozen countries and four continents emphasized the importance of in-person Slator events in addition to virtual ones. The expo hall was also buzzing with activity. Esther Bond , Head of Advisory at Slator, kicked off the event with a warm welcome, outlining the day's presentations and panels, and encouraging delegates to network and engage with each other. Key Takeaways from SlatorCon Silicon Valley 2024 Florian Faes , Managing Director of Slator, opened the sessions by presenting key insights from Slator’s latest research on the language industry's current state. He discussed practical applications of large language models (LLMs)...