ClalTech has taken part in a Viola Ventures-led series A round to increase the AI-based speech translation platform's total funding to $34m.
ClalTech, an investment arm of conglomerate Access Industries, contributed to a $23m series A round closed by Israel-based translation technology developer Verbit on Wednesday.
The round was led by Viola Ventures, a venture capital fund owned by investment group Viola, and included HV Holtzbrinck Ventures, the VC firm spun out of publisher Georg von Holtzbrinck, as well as Vertex Ventures, Oryzn Capital and Vintage Venture Partners.
Verbit provides a software platform that leverages artificial intelligence and machine technology to automatically…
