Prague-based Phrase lands €12 million in venture debt to upscale its machine translation workflows

Published on July 19, 2023

CIBC Innovation Banking announced that it has provided €12 million in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology….

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