CMU spin-out Safaba raises undisclosed amount in private equity backing for machine translation technology.

An IT spin-out of Carnegie Mellon University (CMU), Safaba, has closed a funding round to support the development of its machine translation technology.

US-based investor Newlin Investment Company led the round, and was joined in participation by early-stage investor Innovation Works. The size of the round was not disclosed.

Safaba, based in Pittsburgh, is developing technology which will allow global enterprises to automate the translation of their digital content, including websites, marketing materials, software products, and more.

Alon Lavie, chief…

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