Memsource, a New York-based industry’s highest-ranked translation management solution, announced that it secured €15 million in funding.
The round was led by a global investment firm, Carlyle (NASDAQ: CG), and its existing investors.
The funds will be used to accelerate the company’s growth through worldwide talent acquisition, product development, and global expansion initiatives.
Memsource also announced the hiring of Edmund Ovington as General Manager, North America, where he will lead a growing team, building on strong momentum in the region.
Company: Memsource a.s.
Funding Month: June 2022
Lead Investors: Carlyle
Company Website: https://www.memsource.com/
Software Category: Translation Management Solution
About the Company: Memsource is a translation management solution that helps global companies translate efficiently. Ranked as the leading translation management system on G2, Memsource supports 500+ languages, 50+ file types, and 30+ machine translation engines. Memsource enables its customers to increase translation quality while reducing costs using its patented, state-of-the-art AI technology. Serving thousands of global customers, including leading brands such as Uber, Supercell, Vistaprint, and Zendesk. Memsource’s mission is “to open the door to global business by giving everybody access to the content they need in the language they speak”.