HomeTechSoftBank Imaginative and prescient Fund 2 invests $160M in media localization supplier...

SoftBank Imaginative and prescient Fund 2 invests $160M in media localization supplier Iyuno-SDI Group – TechCrunch

Iyuno-SDI Group, a supplier of translated subtitles and different media localization providers, introduced right now it has raised $160 million in funding from SoftBank Imaginative and prescient 2. The corporate mentioned this makes the fund one in every of its largest shareholders.

Iyuno-SDI Group was fashioned after Iyuno Media Group completed its acquisition of SDI Media last month. In a recent interview with TechCrunch, Iyuno-SDI Group chief govt officer David Lee, who launched Iyuno in 2002 whereas he was an undergraduate in Seoul, described how the corporate’s proprietary cloud-based enterprise useful resource planning software program permits it to carry out localization providers—together with subtitles, dubbing and accessibility options—at scale.

Iyuno additionally constructed its personal neural machine translation engines, skilled on knowledge from particular leisure genres, to assist its human translators work extra rapidly. The corporate’s purchasers have included Netflix, Apple iTunes, DreamWorks, HBO and Leisure One.

Now that its merger is full, Iyuno-SDI Group operates a mixed 67 places of work in 34 international locations, and is ready to carry out localization providers in additional than 100 languages.

SoftBank Group first invested in Iyuno Media Group through SoftBank Ventures Asia, its enterprise capital arm, in 2018. SoftBank Imaginative and prescient 2 will be a part of Lee and traders Altor, Shamrock Capital Advisors and SoftBank Ventures Asia Company on Iyuno-SDI Group’s board of administrators.

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