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Japanese translation service Yaraku gets $1m Nissay, Nippon Venture backing

29 May 2013

speak_shout_170sqJapanese venture firms Nissay Capital and Nippon Venture Capital have led a JPY108m ($1m) financing round for online cloud translation service Yaraku.

The company employs professional translators to work live alongside its software to ensure words and sentences are accurately represented.

Yaraku said it planned to use the capital to launch its World Jumper platform and further strengthen its business base.

Last month online translation platform Gengo closed a $12m round of funding led by corporate venture capital firm Intel Capital, along with participation from Skype founder Niklas Zennström’s Atomico, European venture capital firm Iris Capital, corporate venture groups NTT-IP Fund and STC Ventures, and Infocomm Investments, the venture capital arm of Singapore government’s IT authority.

Gengo provides an API and platform for human translation for 33 languages through a pool of more than 7,500 translators.

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