What is Gengo?
Gengo operates as a comprehensive technology platform dedicated to providing translation and AI training-data services to businesses worldwide. Leveraging a human-powered platform, the company enhances efficiency, scale, and speed within the translation and AI data markets. With a global footprint across North America, Europe, Asia Pacific, South America, the Middle East, and Africa, Gengo offers both B2B and B2C language solutions. Its acquisition by Lionbridge in 2018 further bolstered its capabilities, integrating its services into a larger, established industry leader. The company's infrastructure includes robust digital systems and mobile applications, facilitating its broad service delivery.
How much funding has Gengo raised?
Gengo has raised a total of $25.2M across 6 funding rounds:
Angel/Seed
$750K
Angel/Seed
$1M
Other Financing Round
$800K
Series A
$5.3M
Series B
$12M
Series C
$5.4M
Angel/Seed (2010): $750K, investors not publicly disclosed
Angel/Seed (2010): $1M led by Kapor Capital, Point Nine, and 500.com
Other Financing Round (2011): $800K supported by 500.com, Mitchell Kapor, Wences Casares, Kapor Capital, and Point Nine
Series A (2011): $5.3M featuring 500.com and Atomico
Series B (2013): $12M backed by NTT Investment-Partners, Atomico, Saudi Telecom Ventures, Iris Capital, Intelcapital, and Infocomm Investments
Series C (2015): $5.4M with participation from Allied Architects, SBI Investments, CrowdWorks, Recruit Holdings, Iris Capital, Intel Capital, Mitsubishi Corporation, Infocomm Investments, STC Ventures, and Libertad K.K.
Key Investors in Gengo
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies. Intel Capital curates thousands of business development introductions each year. It is headquartered in Santa Clara, California.
STC Ventures
STC Ventures is a venture capital fund, independently managed by Iris Capital, whose anchor investor is the Saudi Telecom Company. STC Ventures is focused on equity investments in the information technology, telecommunications, and digital media/entertainment sectors; seeking to support the development of innovative technology companies in Saudi Arabia, the GCC, Levant, North Africa and Turkey, in addition to funding globally minded international companies seeking capital and access to the MENA region. STC Group is the largest telecommunications company in MENA, ranked in the top 20 mobile networks in the world, and serving more than 160 million subscribers.
What's next for Gengo?
The substantial enterprise-level funding and recent strategic investment indicate Gengo is in a scaling phase, likely focusing on expanding its service offerings, enhancing its AI capabilities, and further penetrating global markets. The integration with Lionbridge suggests a strategic move towards consolidating market share and leveraging synergistic opportunities. Future developments may involve advancements in AI-driven translation technologies, broader adoption of its data services for machine learning applications, and continued global expansion to meet the increasing demand for multilingual content and data annotation.
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