TLDR:
Key Points:
- Czech VC fund Soulmates Ventures is the leading investor in UK Signapse, a Generative AI Sign Language translation software company.
- The startup closed a seed funding of €2.4M with backing from various investors including the UK Government.
Czech VC fund Soulmates Ventures has emerged as the leading investor in Signapse, a UK-based Generative AI Sign Language translation software company. The startup recently closed a seed funding round of €2.4M, with €1.8M from investors and €588K from the UK Government. Other backers of the startup include the Royal Association for Deaf people, Empirical Ventures, CEAS Investments, and FSE Group.
Soulmates Ventures, established in 2020, is known for its dedication to sustainable innovation, actively scouting for seed-stage startups throughout Europe. The fund has primarily backed CEE rooted startups in the past and offers a tailored acceleration program along with access to growth opportunities. Signapse focuses on leveraging Gen AI to achieve photo-realism and accuracy in Sign Language translation. The recent funding will enable the company to enhance deaf accessibility by building unconstrained translation for British Sign Language and expanding their AI messaging into various markets.
The Investment Director at Soulmates Ventures, Michal Sikyta, expressed pride and excitement about supporting Signapse in their mission to enhance accessibility for the Deaf community globally through innovative AI solutions. The partnership aims to improve accessibility in various sectors including transport, mass media, TV, streaming services, and more.
