TLDR:
- Language I/O has announced a $5M investment led by Gutbrain Ventures
- The investment comes at a time of increased demand for AI-powered multilingual customer support
Language I/O, a leader in AI-powered, multilingual customer support technology, has announced a $5M fundraise led by Gutbrain Ventures, a Venture Capital firm based in Boston, MA. The investment comes as a response to the growing demand for AI-powered multilingual customer support and Language I/O’s success in the market.
The fundraise included participation from several new venture firms, as well as existing investors like Bob Davoli, General Partner of Gutbrain Ventures. The round of funding will support Language I/O’s continued growth and expansion in the AI translation and chatbot market.
Market Future Research predicts that the translation service market will reach $47.21 billion by 2030, with the chatbot market valued at $5.39 billion currently and expected to reach $42.83 billion by 2033. Language I/O’s focus on proprietary machine learning and generative AI positions them well to capitalize on this growing market.
Key participants in the funding round include the State of Wyoming’s Venture Capital fund, Joint Effects, PBJ Capital, Omega Venture Partners, and the Raptor Group. The investment will help Language I/O further develop its technology and serve a wider range of customers across different industries.
Overall, this investment will help Language I/O maintain its position as a leading provider of AI-powered multilingual customer support technology and drive innovation in the translation and chatbot market.
