Angel Investments
Translation startup Devnagri raises $600-K from Venture Catalyst, IP Ventures, others
Noida-headquartered Devnagri, a B2B SaaS-based translation startup, has raised USD 600,000 in its seed round from Venture Catalyst, Inflection Point Ventures and other co-investors. It will use the funds to increase its accuracy in machine translation and scale its operations to target businesses in spaces such as e-commerce, BFSI and publishers. Founded by Nakul Kundra and Himanshu Sharma, Devnagri combines neural machine translation with machine learning and a community to power translations. It claims to have over 5,000 translators who have translated over 20 million words in 22 languages.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
