Intento – a leading machine translation and multilingual generative AI platform for global enterprises – recently announced an $8 million Series A funding round today. The funding round – led by Somersault Ventures, with additional participation from I2BF Global Ventures, Flint Capital, Scorpio Capital, Courtyard Ventures, Davidovs Venture Capital, and existing investors – will be used to scale company operations amid significant growth, expand sales and marketing efforts, and introduce a new version of the Intento platform.
The company is experiencing a two-fold growth in deal velocity in 2023, reflecting an expanding market appetite for its Enterprise Language Hub, offering a seamless, customized language experience in over 650 languages. Intento aims to empower enterprise leaders to excel in providing best-in-class language experience for customers and teammates. And the company already serves more than 40 global organizations, such as Agilent, Subway, Procore, Playrix, and the Government of Canada.
Intento’s Enterprise Language Hub enables these global teams to:
— Spend 20 times less on translation by customizing Machine Translation models and automating source content improvement and post-editing.
— Make their best support articles, agents, and chatbots available 24/7 in over 650 languages
— Boost global productivity through language-inclusive digital workplaces
— Re-use and share the best prompts using the new GenAI portal and multiple software integrations.
The new version of the Intento platform (coming soon) will integrate generative AI natively into existing automatic translation workflows. And this enhancement is expected to deliver up to a 90% improvement in translation quality, making it a game-changer in multilingual content accuracy.
For generative AI tasks, Intento multilingual orchestration yields an up to 40 percent increase in quality while reducing cost and processing time by up to 20-fold for non-English content. And the new version of Intento Language Hub with a newly developed GenAI Portal will facilitate the integration of multiple generative AI models with machine translation in multilingual workflows across various software systems used by clients.
KEY QUOTES:
“For the past five years, we’ve built our Enterprise Language Hub into a top choice for over 40 major enterprises. They rely on Intento for real-time translation of critical content, a feat made possible by our integration with over 40 Machine Translation platforms and early adoption of large language models like BERT and GPT. Our performance has surged with advancements in large language models in early 2023. Besides translation, we’ve found that our platform significantly improves Generative AI for non-English content, a key asset for our globally diverse clients. This investment will let us expand our tech and scale operations to meet rising demand.”
— Konstantin Savenkov, Intento’s co-founder and CEO
“Translation services and technologies is a crowded space for investors, and at Somersault Ventures, we love how the Intento team is building a truly unique product with a forward-looking approach to address what large enterprises need, giving them full control and easy deployment of machine translation and unparalleled ROI. We are also excited to see great synergies of the Intento platform with LLMs both in translation workflows and providing similar orchestration solutions for many other emerging applications.”
— Alex Turbanov, Partner at Somersault Ventures
