InvestmentMediaTech

An AI-powered speech-to-text platform for content creation has raised £2m.

Funding comes from Edge, in a round opened in August by The New York Times Company and includes further input from individual investors.

The Company closes a total of £5m in this round.

Founded by Emmy Award-winning journalist Jeff Kofman, Trint uses speech-to-text technology to automate transcription in 31 languages, making conversations searchable, editable, and shareable.

Since its launch in London in 2014, Trint has grown from four to more than 80 employees, and launched a North American headquarters in Toronto.

The start-up reports consistent revenue growth, having secured The Associated Press, Vice News, The Washington Post and Der Spiegel among its clients, in addition to high profile companies like Airbnb, Nike, Spotify and the New York Police Department.

Trint’s team is on track to double this year (increasing from a workforce of 50 to 86 since the pandemic began) with plans to triple in size to 150 employees by July of 2021.

It will also help the start-up expand its product development and innovation, creating a new market category called ‘StoryTech’, which allows users to create compelling audio, video and text content simply and fast.

Jeff Kofman, CEO of Trint said of the funding: “We are really excited to have Edge and The New York Times joining our investment team. Over the last year Trint has evolved from startup to scaleup and we know it’s critical to have professional investors helping us navigate through an exciting but complex high-growth phase.

“The breadth and depth of their expertise, as well as their networks in the sector, will really help us to drive Trint forward in 2021 and beyond.”

https://businesscloud.co.uk/news/new-york-times-invests-in-uk-transcription-software-tool/