Lingopal.ai, a leader in real-time speech-to-speech translation, has announced it has raised $14 million in an oversubscribed Series A funding round led by global venture capital firm DCM Ventures, with participation from Scrum Ventures, Marquee Ventures, and prominent angel investors across multiple sectors. This investment will fuel the company’s expansion into new markets and further development of its cutting-edge technology. Lingopal.ai’s innovative platform offers a no-code, plug-and-play solution, enabling companies to instantly translate the audio of any live stream into over 120 languages in seconds.
High Cost and Inaccessibility of Traditional Translation Services Hinders Global Reach
Currently, organizations face significant challenges in effectively communicating with global audiences. The high cost of hiring human translators presents a substantial financial barrier, and the impracticality of relying on human translation for 24/7 content feeds further complicates the issue. The lack of a simple, plug-and-play solution for broadcasting in multiple languages has left a void in the market, hindering businesses’ ability to connect with diverse audiences and expand their global reach.
Using AI to Expand Sports Audiences
Enter Lingopal.ai, a company that leverages six foundational AI models built in-house to translate any live stream. Given the popularity of sports broadcasts—87 of the top 100 most viewed programs were sports in 2024—Lingopal is partnering with customers in the sports industry, representing a $56B market opportunity.
Lingopal.ai’s speech-to-speech engine has extremely low latency and outperforms human translators’ accuracy. As Lingopal is a plug-and-play solution, live sporting events can be heard instantly in any language with the click of a button, allowing for seamless globalization.
“Lingopal.ai has allowed us to translate live German commentary into English for broadcast in North America in real-time for our DEL hockey team from Germany, The Berlin Eisbären, said Kelly Cheeseman, COO AEG Sports, LA Kings. “We have been highly impressed by Lingopal’s capabilities and look forward to future capabilities.”
Unmatched Accuracy and Speed: Setting a New Standard in Translation
This groundbreaking technology is already making waves globally. Lingopal’s high-performance infrastructure boasts quantized models capable of translating with remarkable accuracy and minimal latency—less than two seconds on its smallest models. The platform’s unique ability to preserve emotion, understand nuanced languages like slang and idioms, and process information rapidly sets it apart. Several customers have already implemented Lingopal’s technology, including global sports properties, high-profile rights-holders and media networks.
“Lingopal.ai’s impressive technology, coupled with its rapid growth and exceptional team, made this a compelling investment for DCM,” said Hurst Lin, General Partner at DCM. “Their real-time, high-accuracy translation across 120+ languages is transforming global, live content industries like news and sports. We look forward to partnering with Deven and the team as they grow.”
The company was started in 2023 by Deven Orie and Casey Schneider, whose backgrounds at Microsoft and Tesla gave them the experience to develop infrastructure that allows hyper-quantized AI models to speak to each other with low latency while being able to process and translate human speech in seconds.
“This funding will accelerate our mission to break down language barriers and connect the world in real time,” said Deven Orie, founder and CEO of Lingopal. “We envision a future where language is no longer a barrier to communication, and Lingopal is at the forefront of making that a reality.”
Lingopal’s technology offers several key advantages:
- High Accuracy and Low Latency: Translations are completed with exceptional precision and speed.
- Emotional Nuance Preservation: The system retains the emotional tone of the original speech.
- Contextual Understanding: LingoPal handles slang, idioms, and industry-specific jargon effectively.
- Ease of Use: The no-code, plug-and-play system is incredibly fast to set up and user-friendly.
- Extensive Language Support: The platform supports translation to over 120 languages.
With this new capital, the company plans to invest in research and development to enhance its product offerings, focus on its real-time infrastructure, and accelerate its growth into new markets. The company has experienced phenomenal growth, doubling its workforce in the past three months and projecting to grow 2x by April 2025.
Explore AITechPark for the latest advancements in AI, IOT, Cybersecurity, AITech News, and insightful updates from industry experts!
