Serving over 40 enterprise customers, the platform provides real-time machine translation, automatic post-editing, and generative AI content generation for a range of enterprise use cases.
Alex Turbanov, Partner at Somersault Ventures, said that “the Intento team is building a truly unique product with a forward-looking approach to address what large enterprises need, giving them full control and easy deployment of machine translation and unparalleled ROI.”
Slator 2023 Language Industry M&A and Funding Report
This 61-page report provides an in-depth analysis of mergers, acquisitions, and funding in the language services industry in 2023.
LLMs Boost Investment
As the language services industry is looking into adopting large language models (LLMs), Somersault Ventures stated that there are “great synergies of the Intento platform with LLMs both in translation workflows and providing similar orchestration solutions for many other emerging applications.”
Intento’s co-founder and CEO, Konstantin Savenkov (who appeared on SlatorPod in November 2022), confirmed that “performance has surged with advancements in large language models in early 2023.”
Speaking with Slator, Intento stated that its platform leverages generative AI technology across the translation workflow, from source content quality improvement to machine translation quality estimation to automatic post-editing.
According to the company, source content quality improvement alone may yield up to 20-25% reduction in post-edit distance, and generative AI-based post-editing – trained on human edits – can yield an additional 20-25% reduction in post-editing based on custom neural machine translation models.
Intento concludes that its vision for the next 2-3 years is to “automate localization” through “the wide range of language skills beyond machine translation, using generative AI”.
