Signapse, a Generative AI Sign Language translation software company, today announced the closing of a new seed funding round of £2 million with £1.5 million from investors and £500k from Innovate UK. This round of funding was led by Soulmates Ventures and Deeptech Seed Fund, with participation from other investors, including the Royal Association for Deaf people, Empirical Ventures, CEAS Investments, and The FSE Group.
This new round of funding will be used to improve Deaf accessibility through building unconstrained translation for Sign Language. Specifically, the areas that the company will focus on are: Expanding into the Video Translation market to improve Deaf accessibility globally; building unconstrained translation for BSL with the ability to translate from any English sentence into BSL using AI; improve the quality of Signapse AI-generated Sign Language Videos.
I couldn't be more excited and proud about this next stage in our growth. It is a landmark opportunity, a once in a lifetime moment, to build a transformative product. I would like to thank everyone that is, and has been, part of our amazing team.
This is an important chapter for Signapse, where we can expand our AI messaging from limited domains of discourse such as Transport to more open ended markets such as Website and Video Translation.
We at Soulmates Ventures are proud and excited to be a part of the Signapse endeavour in building unconstrained generative AI sign language translation. Their innovative solution is reflecting the daily challenges and needs of the Deaf people. We are looking forward to supporting the Signapse team through our acceleration programme to amplify their distinctive real-time solution and enhance accessibility for the Deaf community globally.
We're very proud to have backed the Signapse team since the spinout stage and really pleased that their great progress has allowed us to co-lead this round.
