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Thursday, October 7, 2004
Language Weaver Raises $4M
Los Angeles-based Language Weaver announced yesterday that it has raised $4M in a Series B funding. The new round of funding was led by Palisades Ventures, and also included participation by Sulphur Creek Ventures and Athenaeum Fund. Paul D'Addario of Palisades Ventures has been added to the company's board. Language Weaver is developing statistical machine translation software, used for translating foreign languages into English. The company's CEO, Bryce Benjamin, said that this new round will be used for expanding into commercial markets. The company's technology supports languages, such as Arabic, which have previously been difficult to translate via machine.
posted on Thursday, October 7, 2004 (Link to more information)
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