According to filings with the U.S. Securities and Exchange Commission, XL8 is raising $13,465,528.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Young Jung played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About XL8
XL8 was founded in 2019 by technical executives from Google and Apple, both with an advanced degree in Computer Science from Columbia University. A Silicon Valley tech company at its core, XL8 takes AI-powered machine translation (MT), specially optimized for media content, to the next level. Its advanced technology allows significantly more efficient workflows by providing: in-line editing, automated media transcription with time coding, automated subtitling, synthesized voice dubbing, real-time meeting interpretation, and live subtitling. XL8s uniquely specialized translation engines have been built from the ground up utilizing professionally trained, human-perfected subtitles curated from the media industry’s top content producers. XL8s secret sauce offers media focused translation accuracy that is up to 40% higher than other generally available MT services. XL8s translation technology stands out from its competitors by using Context Awareness models to better translate colloquial phrases, thereby actually localizing content instead of simply translating it word for word. Furthermore, XL8s translation engines can incorporate specific language formalities by recognizing the relationships among the characters in a show. Since its inception, XL8 has surpassed translating 650,000 hours of content and more than 1.5 billion words, and currently supports more than 66 language pairs.

To learn more about XL8, visit http://xl8.ai/

Contact:
Young Jung, Chief Executive Officer
917-853-1990

SOURCE: http://www.intelligence360.io
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