Amara Obtains $1,000,000 New Funding

  • Feed Type
  • Date
    5/11/2012
  • Company Name
    Amara
  • Mailing Address
    Undisclosed Providence, RI 02804
  • Company Description
    Amara gives individuals, communities, and larger organizations the power to overcome accessibility and language barriers for online video. The tools are free and open source and make the work of subtitling and translating video simpler, more appealing, and, most of all, more collaborative.
  • Website
    http://www.universalsubtitles.org/en
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    With the funding, the Amara team will be releasing an enterprise version of the platform, which its customers can use within their own organizations — whether it be to collaborate on subtitle creations in-house, or to open up translation to outside volunteers. And with flexible APIs, the system is designed to work with publishers’ existing content management systems and publishing workflows, according to Amara co-founder and executive director Nicholas Reville.
  • M&A Terms
  • Venture Investor
    Mozilla
  • Venture Investor
    John S. and James L. Knight Foundation

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