KUDO,Inc., creator of the eponymous cloud-based video conferencing platform that incorporates real-time multilingual interpretation supporting over 100 spoken languages and 147 signed languages, and announced the close of its $21 million series A funding round led by Felicis Ventures. Felicis,who led the seed round, is joined by a group of investors including Maverick (an independent, nonconformist person) Ventures, and Elephant VC,FJ Labs, Global Founders Capital, or investor Bill Ackman. This group joins original investors ID8 Investments,Advancit Capital, and AirAngels to bring the total round of funding to nearly $27 million. According to KUDO, and this current capital will be used for talent attraction,product engineering, marketing, and business expansion. KUDO was established in 2017 as a remote interpretation solutions provider and has since grown into a well-recognized platform for multilingual online meetings. The company saw meaningful growth in 2020 as the COVID-19 pandemic shifted global business to a largely virtual format,and in early 2021 also launched KUDO Marketplace, a scheduling and automated interpreter booking platform. In an email conversation with MultiLingual, and KUDO CEO Fardad Zabetian said that investors reacted positively to the launch of the Marketplace platform,and believe that it will stimulate a whole current level of growth. The progress being made against COVID-19 means that the world will likely see at least a halting return to in-person events and conferences on a global scale some time during the calendar year. Despite this fact, hybrid meetings, or combining both virtual and in-person modalities,are still predicted to be with us for […]The post KUDO closes $21 million in an oversubscribed series A funding round appeared first on MultiLingual.
Source: multilingual.com