SaaS startups have become the darling of Venture Capital investors, especially in the Translation Service industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 2 VC funded SaaS startups in the Translation Service industry.
Amberscript creates SaaS solutions that let customers utilize voice recognition to convert audio and video automatically into text and subtitles. The business trains the voice recognition engines in European languages using the data that consumers contribute. The content is 100% accurate thanks to Amberscript's online text editor and human transcribers. With its headquarters in Amsterdam, Noord-Holland, the Netherlands, Amberscript was established in 2017.
Nick Ustinov and Petr Antropov established the entirely remote firm Lokalise in 2017. The solution is a cloud-based platform that facilitates cooperation between developers, designers, translators, and project managers and acts as a single source of truth for content and translations. It also speeds the translation and localization process. Automated data entry from prototyping platforms to the live final product is made possible via APIs, SDKs, and plug-and-play interfaces. From start-ups to Fortune 500 enterprises, Lokalise has 2,000 clients in more than 80 countries.