Papercup, a London-based artificial intelligence (AI) Dubbing company, announced that it raised $20 million in Series A financing, bringing Papercup’s total funding to $30.5 million.
The round was led by Octopus Ventures, with participation from VCs such as Local Globe, Sands Capital, Sky and Guardian Media Ventures, Entrepreneur First, and BDMI.
This round also saw new angels Des Traynor, Co-founder of Intercom, and John Collison, Co-founder of Stripe join an impressive roster of existing investors including William Tunstall-Pedoe, founder of Evi (now Amazon’s Alexa), and Zoubin Ghahramani, Senior Research Director at Google Brain, and former Chief Scientist at Uber.
This funding will help Papercup with its mission of making the world’s video content watchable in any language. It will also help to double down on its research around expressive voices, expand into new languages, and scale its offering in markets.
Company: Papercup Technologies Ltd.
Raised: $20.0M
Round: Series A
Funding Month: June 2022
Lead Investors: Octopus Ventures
Additional Investors: Local Globe, Sands Capital, Sky and Guardian Media Ventures, Entrepreneur First, BDMI, Des Traynor, John Collison, William Tunstall-Pedoe, and Zoubin Ghahramani
Company Website: https://www.papercup.com/
Software Category: AI-powered Dubbing and Video Translation Software
About the Company: Founded in 2017 by Jesse Shemen and Jiameng Gao, Papercup is a machine learning start-up transforming the media industry. 99.9% of video content is shackled to a single language. Papercup offers an AI-powered dubbing solution that identifies human voices in a target film or show and generates dubs in a new language. Papercup translates videos by generating voices that sound like the original speaker, not only capturing the characteristics of your voice but also the way you speak. Through its innovative machine learning platform, Papercup help automates large parts of dubbing, making video localization accessible to content owners who are looking to expand globally with their existing catalog - be it entertainment videos on YouTube or PlutoTV to eLearning on platforms such as Skillshare or training and marketing videos distributed directly to users of tech platforms.
Source: https://www.papercup.com/blog/weve-raised-a-20m-series-a