What does Gengo do?
Gengo, is a Japanese people powered, web based platform, a service that provides translations across as many as 34 languages.it is aimed at customers who want their text translated by connecting with translators. It’s one of a kind as it is a direct human translation unlike many of the rivals like Skype or Google translate. Users can order their translations via a direct form or even an API.
With a team of more than 13000 translators working globally it is a force to reckon with. The API allows developers to create user specific content such as for different products of the e-retailers.
How much Gengo was funded?
The recent spate of Series C funding saw Gengo raise $5.4 million from investors Recruit Holdings and SBI investments on the 21st of April, 2015.Buoyed by this round of funding the total funding has now gone up to $24.2 million.
Series B finding from Saudi Telecom Ventures, Infocomm Investments, Intel Capital, Iris Capital, NTT DoCoMo and Atomico saw Gengo raise $12million on April 22nd 2013.
The year 2011 saw Gengo raise funding twice with Series A finding of $5.3million on 27th September from 500 startups and Atomico and prior to that it raised a seed funding of $800k from Kapor Capital, Point nine Capital, 500 startups, Mitchell Kapor and Wenceslao Cesares on the 1st of January.
Similarly in the year 2010 it receives a seed funding for $750k form investors Brian Nelson, Felix miller, Alex Zubillaga and Christoph Janz on the 1st of august and received angel funding from investor Dave McClure for an undisclosed amount the same year on January 1st.
What is next for Gengo?
With fierce competition from online translators like the Skype translator and Google translate the recent spate of funding proved to be a lifeline. The new investors being Japanese see a great growth potential for the firm.
More about Gengo:
Founded in 2008 and headquartered in Tokyo the company has been seeing a good potential for translation service in the near future. The company is in able hands and hopes to continue doing well especially for scale translations, which is the mainstay of the company.