SignAll receives $1,5m investment for interpreting sign language

Budapest based startup SignAll received 1,5 million Euro investment from an international association of venture capitalists to finalize its software that automates the interpretation between Deaf people using sign language and the those who can hear.

A significant seed investment of 1.5 million Euros was put into SignAll in order to enable it to be introduced into the US accessibility market. According to plans, SignAll will be introduced as the new tool to the language service market participants, the deaf communities and regulators.

Unlike current solutions, SignAll recognizes complete sentences, not just single signs. It's technology unites two skyrocketing sciences, computer vision and natural language processing. For the first time it will enable the real time translation from sign languages.

The SignAll has received the investment from an association of investors including Credo Ventures, Perion, and Conor Venture Capital Funds. The seed capital accelerates the R&D development that involves a pool of highly qualified computer vision researchers and ASL experts.

"We invested in a very special project with successful developers in order to break boundaries through the invention something unique. I firmly believe we will, we improve the lives of millions" - elaborated Ferenc Karvalits from Perion.

The success story of this Hungarian invention has gathered significant traction already. It was among the final 8 at Google's and NASA's Singularity University's Global Impact Finals when it was first introduced to experts in 2014. It debuted at Pioneers Festival in Vienna and then at the Slush Festival in Helsinki, winning the audience award at last year's CEE Lift Off. This important product received a high level of acknowledgement at the coveted LT-innovate Awards in July 2015.


 
 
CC BY NC SA