Tech Company Financing Transactions
XL8 Funding Round
XL8 secured a $7.5 million Series A funding round on 9/27/2023. Investors included KB Investment and Atinum Investment.
Transaction Overview
Company Name
Announced On
9/27/2023
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series A
Investors
KB Investment (Lead Investor)
Proceeds Purpose
The company intends to use the funds to enhance product offerings and further develop the core platform business, including leveraging generative AI capabilities into its proprietary AI technologies, facilitate global reach through international expansion into Europe, the Middle East, as well as further expansion throughout the Americas.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
690 Saratoga Ave. Ste 100
SAN JOSE, CA 95129
USA
SAN JOSE, CA 95129
USA
Phone
Undisclosed
Website
Email Address
Overview
XL8's products empower content produced around the world to foster local opportunities, drive growth, and make a meaningful impact. XL8 has harnessed the power of AI, and applied it to Machine Translation technology in order to accelerate global connectivity and communication. It has been our endeavor from the start to build communication technology that both creates and increases opportunities for people all around the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tim Jung
Chief Technical Officer
Jay Park
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