Iconic Translation Machines, a cloud-based translation spinout of Dublin City University (DCU), has secured €400,000 ($442,850) which will be used to pay for 15 new jobs.
State-backed innovation office Enterprise Ireland led the seed round, which was backed by investment groups Bloom Equity, Boole Investment Syndicate, and Halo Business Angel Network.
John Tinsley, CEO, Iconic, said: “This announcement is testament to our success to date and ambitious growth plans. Our team of experts has created machine translation solutions for content which had been considered too technical and challenging for automated translation. We are excited about the strong growth we have already achieved in delivering translation technology to the very complex intellectual property and financial services sectors.”
