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SoftBank Imaginative and prescient Fund 2 invests $160M in media localization supplier Iyuno-SDI Group – TechCrunch – NEWPAPER24

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SoftBank Imaginative and prescient Fund 2 invests $160M in media localization supplier Iyuno-SDI Group – TechCrunch

2021-04-09 08:32:00

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Iyuno-SDI Group, a supplier of translated subtitles and different media localization companies, introduced as we speak it has raised $160 million in funding from SoftBank Imaginative and prescient 2. The corporate stated this makes the fund one in all 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 companies—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 corporate’s shoppers have included Netflix, Apple iTunes, DreamWorks, HBO and Leisure 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 companies in additional than 100 languages.

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

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