Slovenia-based online translation platform TAIA has raised €1.2M in a round of funding from Fil Rouge Capital, a European VC fund. According to the company, this is one of the biggest investments in tech companies in Slovenia this year.
The raised capital will be used to boost TAIA’s presence on foreign markets and further development of the deep learning algorithms.
TAIA is a start-up founded in 2015 by Marko Hozjan and Marija Kovac. It is a modern translation platform that helps companies translate their documents, websites, and other content with AI-assisted translations.
Translation Services Market was valued at $39.61B (approx €33.48B) in 2019 and is projected to reach $46.21B (approx €39.05B) by 2027.