Papercup, a London, UK-based artificial intelligence startup has developed pioneering speech technology which translates people’s voices into other languages, secured £8m ($10.5m) in funding.
The round was led by LocalGlobe and Sands Capital Ventures, with participation from Sky, GMG Ventures, Entrepreneur First, and BDMI and existing angel investors William Tunstell-Pedoe, the founder of Evi Technologies (acquired by Amazon to create Alexa) and Zoubin Ghahramani, Former Chief Scientist and VP of AI at Uber, and now part of the Google Brain leadership team.
The company intends to use the funds to:
invest further into machine learning research and
expand its human-in-the-loop quality control function, which is used to improve and customise the quality of the AI-translated videos.
Papercup, the UK startup using AI for realistic-sounding voice translation, raises £8M funding
Papercup, the U.K.-based AI startup that has developed speech technology that translates people’s voices into other languages and is already being used in the video and television industry, has raised £8 million in funding.
The round was led by LocalGlobe and Sands Capital Ventures, alongside Sky, GMG Ventures, Entrepreneur First (EF) and BDMI. Papercup says the new capital will be used to invest further into machine learning research and to expand its “human-in-the-loop” quality control functionality, which is used to improve and customise the quality of its AI-translated videos.