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The new investment round comes after a year of rapid development and momentum
Fremont, CA: The media and entertainment industries are still undergoing significant changes. Companies in the M&E industry are re-envisioning every facet of how they sell and deliver their services as the borders between print and digital, pay-TV and OTT. The answer is to use the correct technology to deliver premium content tailored to the audience's tastes at a low cost.
Deepdub, the market leader in AI-powered entertainment localization, has raised 20 million dollars in Series A funding led by New York-based worldwide venture capital and private equity enterprise Insight Partners, with engagement from extant investors Booster Ventures and Stardom Ventures, as well as new investors Swift VC. Emiliano Calemzuk, former President of Fox Television Studios, Kevin Reilly, former CCO of HBO Max, Danny Grander, Co-Founder of Snyk, Roi Tiger, VP, Engineering at Meta, Gideon Marks, and Daniel Chadash are the angel investors who joined this round.
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The funds can be helpful to extend the company's worldwide reach of its sales and delivery teams, reinforce the Tel Aviv-based R&D team with new top-tier researchers and engineers, and improve the company's best-in-class deep learning-based localization infrastructure.
Deepdub, situated in Tel Aviv, was co-founded by Ofir and Nir Krakowski to bridge the language barrier and cultural divide in entertainment via high-quality localization. Deepdub's platform combines cutting-edge artificial intelligence technology with a human connection to enable content producers, owners, and distributors to expand their worldwide reach and scale their products while retaining the best quality. For audiences, it means being able to see their favorite films and TV shows dubbed in their local tongue without missing any of the initial experience.
"We are proud to have Insight Partners join our board together with the continued trust of Booster Ventures and Stardom Ventures," said Ofir Krakowski, Co-Founder, and CEO of Deepdub. "This is an exciting period for our partners and brilliant employees, to whom we owe our growth, development, and market-leading product. This funding fuels our ability to scale the team and expand into new markets based on a shared vision of bringing the magic of AI-based localization to audiences worldwide".
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