Lengoo, a Germany-Based AI-Powered 20M Translation Platform
Lengoo, a company founded by two German technology entrepreneurs, recently released a new AI-powered platform for expert translation. The technology is capable of providing scalability, flexibility, and speed for complex translation tasks. Its main applications include medical and automotive industries of Germanybased Lengoo Aipowered 20m.
Founded by two German technology entrepreneurs
The entrepreneurship ecosystem in Germany is a major driver of its economic success. It’s built around a wide array of resources for entrepreneurs, investors, and new business owners. These include public and private funding programs, co-working spaces, investors, and entrepreneurs.
There are also many programs available at regional and national levels. This includes programs that help start-ups build connections with investors and entrepreneurs. They can also be a key factor in fostering job security and sustainability for German businesses.
For example, the Digital Hub Initiative fosters knowledge transfer, matchmaking between investors and start-ups, and facilitating technology cooperation. It also organizes common booths at leading international fairs.
Another key component is the high number of serial founders. More than one-third of all German startups are founded by a single entrepreneur. That’s nearly double the rate of first-time entrepreneurs.
In addition, the government’s High-Tech Founders’ Fund is a source of federal financing. Another program is the ERP/EIF Growth Facility, which subsidizes angel investments.
A third of all German startups have received government capital. Of these, 86 percent stayed in the same city where they launched their ventures. However, fourteen percent of them relocated their headquarters elsewhere.
While it’s easy to see why the country has a robust entrepreneurship scene, there are some challenges to consider. Two out of three founders name language barriers and cultural differences as their biggest roadblocks. Some other challenges to consider are conflicting tax systems and legal barriers.
One way to overcome these challenges is to seek local assistance. Luckily, Germany’s economic conditions are better than ever. With unemployment at an all-time low and a thriving consumer market, the country has a strong investment climate.
In the next 12 months, German startups plan to raise another billion in external capital. Eight out of 10 intend to expand into new markets.
German start-ups have an opportunity to be a global leader in their industry. Using artificial intelligence and machine learning could give them an edge. Also, they will innovate in sustainability and industrial automation. Among other things, these companies will also likely use machine learning to enhance their customer experiences.
Main applications in medical field and automotive industry
As you might have guessed, AM is used in a number of industries. Some of the more interesting uses include metal based materials for implants and other medical devices. Having said that, the AM industry is relatively young and still developing. With new players joining the party every day, the list of potential applications and technologies is growing exponentially. One of the major challenges is the lack of standards in the industry. This is not to mention the plethora of technologies that have been incorporated into the mix over the years. In this light, it may be difficult to decide what the best solutions might be.
There are many ad hoc technologies and processes being tested in the wild, but a few have managed to stand out from the rest. For instance, the material lamination and binder jetting methods have the capability of creating multi-material parts, but the resulting product is not the same as a solid one. This is because the manufacturing process has not been properly validated. The technology has also been criticized for the use of toxic materials, and this notwithstanding, it is the cheapest way to produce multi-part components, and has a myriad of benefits that make it attractive for a wide range of applications.
While some of the more mundane tacks have managed to remain in the background, others have made it big in the medical field. Examples of these include 3D printed models of human organs, and models of the human body. These are being used to improve the efficacy of treatments and reduce the incidence of diseases and other ailments.
Scalability, flexibility and speed
Among the many cloud services out there, scalability is often a top priority. Not only can it save your business time and money in the long run, but it can also provide a second or third data center if your primary server is a bust. Scalability, as the name implies, is about resizing your network. Fortunately, scalability is a lot easier than you might think.
A scalable system can be measured in terms of performance and reliability. An efficient infrastructure will let you scale up or down as necessary without requiring major capital expenditures. For instance, a virtualization suite might allow you to upgrade or replace your servers in real time. On the other hand, a more conventional approach might require the purchase and deployment of new hardware. Having an efficient IT stack can make your business more agile in the face of change. Moreover, the ability to quickly respond to changes in demand is a must if you want to stay ahead of the competition.
The best way to achieve this feat is to build a scalable architecture. Among the advantages of a scalable system is the fact that you can test your application prior to deploying it in the wild. As a result, you can avoid having to rebuild your IT infrastructure on an as needed basis. This makes for a much more reliable network and less downtime.
AI powered platform for expert translation
Lengoo is an AI-first translation technology company that combines custom-trained machine translation engines with expert linguists to create an efficient, low cost, and professional translation solution for enterprise customers. Its platform provides expert, enterprise-grade translations in over 400 language combinations.
The company’s neural machine translation framework integrates various pipelines and processes to produce high quality translations. In addition, it allows users to customize their model with client data and feedback from the translation process. By doing so, Lengoo can quickly incorporate the latest information into its models.
Lengoo has more than 3,000 enterprise customers including Michelin, Sixt, Sunrise Communications, and HelloFresh. And the company has won the Jury’s Choice Prize in AI. With this round of funding, it plans to expand into North America and other European markets.
Lengoo’s founder and CEO is Christopher Dawson, who graduated from the Karlsruhe Institute of Technology in Germany and Columbia University in New York. He has a background in computer networking and a Masters in Data Science. His mission is to combine cutting-edge Neural Machine Translation Network technology with the qualifications of expert linguists.
Lengoo is building a customized, neural machine translation platform. This means it can create its own custom models based on customer documents, websites, and feedback from the translation process. As a result, it can generate new possibilities for translators.
It will also use the funds to expand into more European markets and to build its technology stack. For example, it will integrate more enterprise stacks into its neural machine translation platform.
The company has won several awards for its neural machine translation products. They won the Jury’s Choice Prize at the 2014 Neural Machine Translation Conference. And they’ve landed a major lead over its competitors.
While it might sound like a win-win situation, there are some concerns about artificial intelligence-assisted translation tools. One such concern is the commercialization of linguistic data. Another concern is whether or not automated translation tools will replace expert translators. Still another worry is the labor of native speakers.
Lengoo was founded in 2012 and is located in Berlin. Its mission is to combine human creativity with precision technology. If you still need to know about Germanybased Lengoo Aipowered 20m just follow us.
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