Babel Technology Nabs CNY30 Million in Pre-A Series Financing
Tang Shihua
DATE:  Dec 21 2017
/ SOURCE:  Yicai
Babel Technology Nabs CNY30 Million in Pre-A Series Financing Babel Technology Nabs CNY30 Million in Pre-A Series Financing

(Yicai Global) Dec. 21 -- Chinese machine translation company Babel Technology has secured CNY30 million (USD4.54 million) in pre-A Series financing and will use the funds mainly for technological research and development and market expansion, it announced today, as 36kr reported.

Dongfang Guoshi Group was the investor in this round of financing as it was in Babel Technology's angel round, in which it raised nearly CNY10 million.

Babel Technology's product, AIcorrect Translator, provides interpreting services to travelers based on machine learning using leading neural network translation technology.

AIcorrect Translator has upgraded to the 4.0 version, which supports over 30 languages (mainly Chinese, English, Japanese, Thai, French, Spanish, Russian and Indonesian). It primarily serves inbound and outbound tourists. In addition to offline real-time translation, the product also provides remote group chat services in cross-language real-time scenarios for multiple machines and users. 

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Keywords:   FINANCING,AI,Robot Translation,Cross-Border Travel,Babel Technology