Iyuno SDI Group, a company that provides translated subtitles and other localization services, today announced that it had received $160 million of funding through the SoftBank Vision Fund 2. The Company stated that this fund is one of its largest shareholders.
Iyuno SDI Group was created following the acquisition of Iyuno Media Group has completed the acquisition SDI Media last month. In a conversation with TechCrunch, Iyuno-SDI group CEO David Lee, who launched Iyuno in 2002 when studying at the University of Seoul, explained how the Company’s cloud-based, proprietary enterprise resource planning software lets it provides localization services which include subtitles, dubbing, and accessibility functions — on a large scale.
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SoftBank Vision Fund 2 Invests $160 million in SDI Group
Iyuno also created machine-learning machines that are trained on data from specific entertainment genres to aid its translators in working more quickly. Its clients include Netflix, Apple iTunes, DreamWorks, HBO and Entertainment One.
With its Merger completed, Iyuno-SDI Group has an integrated 67 offices across 34 countries. It is also capable of providing localization services for more than 100 languages.
SoftBank Group first invested in Iyuno Media Group through SoftBank Ventures Asia, the Company’s venture capital unit, during the year 2018. SoftBank Vision Fund 2 will join Lee and fellow investors Altor, Shamrock Capital Advisors and SoftBank Ventures Asia Corporation on Iyuno’s board of directors.
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