Intel Capital et al. back $12m Gengo funding round

The funding round, led by Intel Capital, will allow Gengo to expand its services and increase the speed of its translation process.

Intel is believed to have invested the capital via its Ultrabook fund, which was launched in 2011. According to unquote" data, this fund is earmarked to target companies developing hardware and software that can enhance the platform technologies of Intel's new slimline laptop-tablet hybrid, the Ultrabook.

France-based Iris Capital is a pan-European VC that typically invests €1-20m per venture. It focuses on the digital market and, since starting in 1986, has invested more than $900m in 200 companies.

London-based Atomico previously invested in Gengo's $5.25m series-A funding round in 2011, alongside US seed fund investor 500 Startups, which typically invests up to $250,000 in start-up companies.

Prior to this, the translation company raised $1.75m of seed funding from 500 Startups and several angel investors in 2010.

Founded in 2008 and previously named myGengo until last June, Gengo is a translation platform for global companies. It offers human translation in 33 languages from a pool of 7,500 translators.

Gengo's application programming interface (API) allows enterprise customers to build multi-language services into software applications. The company's website also offers a quick translation service for individual translations. The translation platform recently partnered with YouTube, a move which allows users of the video-sharing site to translate their captions professionally when uploading content.

Gengo has quadrupled its revenue since Atomico injected its original investment, according to Hiro Tamura, a partner at the VC firm.

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• Topics
• Technology
• Expansion
• Intel Capital
• Iris Capital (Part’Com)