web analytics

Technology

SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group – 98bmp

todayApril 9, 2021 3

Background
share close

Iyuno-SDI Group, a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. The company said this makes the fund one of its largest shareholders.

Iyuno-SDI Group was formed after Iyuno Media Group completed its acquisition of SDI Media last month. In a recent interview with 98bmp, Iyuno-SDI Group chief executive officer David Lee, who launched Iyuno in 2002 while he was an undergraduate in Seoul, described how the company’s proprietary cloud-based enterprise resource planning software allows it to perform localization services—including subtitles, dubbing and accessibility features—at scale.

Iyuno also built its own neural machine translation engines, trained on data from specific entertainment genres, to help its human translators work more quickly. The company’s clients have included Netflix, Apple iTunes, DreamWorks, HBO and Entertainment One.

Now that its merger is complete, Iyuno-SDI Group operates a combined 67 offices in 34 countries, and is able to perform localization services in more than 100 languages.

SoftBank Group first invested in Iyuno Media Group through SoftBank Ventures Asia, its venture capital arm, in 2018. SoftBank Vision 2 will join Lee and investors Altor, Shamrock Capital Advisors and SoftBank Ventures Asia Corporation on Iyuno-SDI Group’s board of directors.

Source link

Written by: admin

Rate it

Previous post

Music News

15 Songs From the 1970s You’ll Recognize From the First Few Notes

Although the roots of rock and metal go back further, the 1970s is when the genres truly rose to prominence, with many of their most enjoyable and influential tunes arriving within the decade.While there are several reasons for why those classic tunes endure — memorable lyrics, captivating melodies, iconic vocals, groundbreaking instrumentation — their openings are almost always the main factor.After all, there are countless examples of songs whose first […]

todayApril 9, 2021 10

Post comments (0)

Leave a reply


0%