Iyuno-SDI Group, a provider of translated subtitles and other media localization services, today announced that it has raised $ 160 million in funding from SoftBank Vision 2. The company said it makes money. one of its main shareholders.
The Iyuno-SDI Group was formed after Iyuno Media Group completed its acquisition of SDI Media last month. In a recent interview with TechCrunch, David Lee, CEO of Iyuno-SDI Group, who started Iyuno in 2002 as a student in Seoul, described how proprietary cloud-based enterprise resource planning software enables it to provide location services, including captions, dubbing and accessibility features – on a large scale.
Iyuno also built his own neural machine translation engines, trained on data from specific entertainment genres, to help his human translators work faster. The company’s customers include Netflix, Apple iTunes, DreamWorks, HBO, and Entertainment One.
Now that its merger is complete, Iyuno-SDI Group operates a total of 67 offices in 34 countries and is able to provide localization services in over 100 languages.
SoftBank Group first invested in Iyuno Media Group through SoftBank Ventures Asia, its venture capital subsidiary, in 2018. SoftBank Vision 2 will join Lee and investors Altor, Shamrock Capital Advisors and SoftBank Ventures Asia Corporation on the board of administration of Iyuno-SDI Group.