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…

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