Lengoo, an AI-powered language service provider, has raised 20 million in its Series C funding round. The investment, which was led by Coldewey and DeweyTech, will be used to further develop Lengoo’s proprietary language AI technology, expand its global footprint, and accelerate its growth. This article will take a closer look at Lengoo, its funding round, and what it means for the future of AI-powered language services.
What is Lengoo?
Lengoo is a Berlin-based company that provides AI-powered language services to businesses and individuals. The company’s core offering is its language AI technology, which is capable of generating high-quality translations in a matter of seconds. Lengoo’s technology is built on deep neural networks and other advanced machine learning algorithms, which allow it to accurately translate a wide range of texts, including business reports, legal documents, and marketing materials lengoo 20m seriescoldeweytechcrunch.
Lengoo’s language AI technology is powered by a proprietary data set of over 1 billion human-generated translations, which has been carefully curated to ensure accuracy and quality. This data set is continually updated and refined, allowing Lengoo’s language AI to continuously improve its translation performance.
Lengoo’s services are available through its web-based platform, which allows users to upload their texts for translation and receive a high-quality translation in a matter of seconds. The platform also provides advanced tools for managing and editing translations, as well as a dashboard that provides insights into the translation process and performance.
The Funding Round
Lengoo’s recent Series C funding round was led by Coldewey and DeweyTech, two of Europe’s leading venture capital firms. The investment will be used to further develop Lengoo’s proprietary language AI technology, expand its global footprint, and accelerate its growth.
The funds will also be used to hire additional AI experts and linguists, who will help to further improve the accuracy and quality of Lengoo’s translations. Additionally, Lengoo plans to invest in its platform and infrastructure, in order to support its growing customer base and expanding global operations.
The Future of AI-Powered Language Services
Lengoo’s recent funding round is a significant milestone for the company, and it highlights the growing demand for AI-powered language services. As businesses and individuals continue to rely more heavily on digital communication and technology, the need for accurate and reliable translations will only continue to grow.
With its proprietary language AI technology and growing customer base, Lengoo is well positioned to capture this demand. By continuously improving its technology and expanding its global footprint, Lengoo will continue to provide high-quality language services to businesses and individuals around the world.
Lengoo’s recent Series C funding round is a major step forward for the company and for the future of AI-powered language services. With the investment from Coldewey and DeweyTech, Lengoo will be able to further develop its proprietary language AI technology, expand its global footprint, and continue to provide high-quality language services to businesses and individuals around the world.