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Business News

An Interview With Christoffer Nilsson

By the looks of his LinkedIn profile, Christoffer Nilsson is nothing short of a true startup success story. Even before graduating from Lund University, Sweden, he had co-founded Atod AB and Keyfactor AB, both game-related companies. Chris went on to be CEO of Warthog Sweden, Managing Director of Eidos Studios and has managed the development of 20+ commercial video game projects. Since 2009 he is Managing Director of LocalizeDirect, currently developing localization tools for the games industry.

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Translated to provide EU Parliament with real-time speech translation AI

Debates will be transcribed and translated by a new state-of-the-art MT system that keeps humans in the loop Translated has been selected by the European Parliament to automatically transcribe and translate parliamentary multilingual debates in real-time, covering the 24 official languages used by the institution. The service will be provided by new software available both...

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Straker Posts Record Growth Amid COVID-19 Filing Reveals

New Zealand’s Straker Translations (ASX:STG) increased revenues by 28% in June 2020 compared to the same month in 2019, according to quarterly filings with the Australian Stock Exchange, where the company is listed. CEO Grant Straker told Multilingual News that “we are happy with the fantastic result by the Straker team delivering for our customers...

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IKEA Family Foundation and other venture capitalists invest $1.1 million into CMS for digital games

Sweden-based localization company LocalizeDirect just announced an investment of SEK10,264,530 ($1,130,802). The investment comes from Entreprenörinvest, owned by The IKEA Family Foundation, and a number of Swedish venture capital firms and private individuals, including Innovum Invest. Former investors also participated in the financing round. Jan Andersson, a founder and former CEO of ReadSoft (now Kofax),...

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$6 Million New Funding For KUDO Remote Interpreting Platform

KUDO, a New York-headquartered, cloud-based virtual interpreting platform, has been flying high since the beginning of the year as travel bans and work from home policies have decimated the in-person conference space. Virtual interpreting is exactly what it sounds like — rather than in-person or over the phone, interpreters work within an online platform of...

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