The language translation software developer has received seed capital from investors including a joint venture backed by Meiya Pico.
China-based language translation software developer New Tranx Information Technology has secured RMB50m ($7.5m) in a seed round backed by digital forensics and cybersecurity technology provider Meiya Pico, China Money Network reported yesterday.
The round included Shenzhen Leaguer Venture Capital, a venture capital firm majority owned by Research Institute of Tsinghua University, as well as investment firm Kaitai Capital and investment banking firm Bojiang Capital Management Group.
Meiya Pico participated through Meiya Qianhai Wutong Investment, a joint vehicle run in partnership…
