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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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AI Data Training Company Appen Sees Increasing Rise in Stock Price

This week, Appen LTD, a global leader in machine learning and artificial intelligence (AI) data, reported a 6.9% increase in share value — the most in 11 weeks. Appen is of note to the localization industry primarily as a seller of training data that can be used in applications such as machine translation. The Motley...

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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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