Transformative Localization Technology Company Transifex Secures Funding from NEA and Launches Beta Access To Public
Massive support from the Open Source Community, and viral demand from companies worldwide have fueled organic growth for the cloud-based continuous localization platform
MENLO PARK, Calif., June 24, 2014-- Transifex, the worldwide localization platform that has become the premier globalization tool for tech companies and the Open Source community, announced today that they have raised $2.5 million in seed funding led by leading venture capital firm New Enterprise Associates (NEA) with additional support from Toba Capital, Arafura Ventures and angel investors, including Georgios Papadopoulos (founder, Atypon), Ilya Sukhar (founder, Parse), Jonathan Siegel (founder, RightSignature), and Thanos Triant (angel behind Siebel and BrightEdge). The financing will be used to expand the capabilities of the current Transifex platform and further develop Transifex Live, a new, patent-protected software open to the public in beta today. The groundbreaking technology empowers developers as well as marketers to create, publish, and manage translations of frequently updated global website content using only a single line of code.
Founded by CEO Dimitris Glezos, Transifex is driven by a team of global engineering and translation experts to transform the way companies expand to global audiences. "Maintaining multiple localized versions of products and websites can be extremely tedious for developers and marketers, as well as technically challenging. Transifex changes that," says Glezos. "We've built a localization platform the way a developer would want it, using what we call continuous localization. Our approach integrates the idea of product and content localization with the process of continuous development. Technical and Marketing teams alike love it because it gives them the power, flexibility and control they need, while staying out of their way."
Transifex represents a major disruption in the way organizations are able to manage continuous localization, which has become a vital component for modern global companies. With Transifex Live, developers now have the ability to translate entire websites and support portals with a single line of code, eliminating the need to mark and extract text for translation. The value of the Transifex's solutions is evidenced by the traction they have gained among top tier customers including Atlassian, Coursera, Eventbrite, Strava, Vodafone, Waze, and more.
Eli Bildner, Product Manager of Localization at Coursera says, "Coursera is using Transifex Live to internationalize our student help center. Our translators love it, and have told us over and over that it's fun to simply click links to load another page for translation. It's much simpler knowing that re-integration is handled automatically without building out complicated sets of string mappings. If it weren't for Transifex Live, we probably wouldn't have tackled this project. Transifex Live made this job feasible."
"In today's global economy, it is essential to operate in multiple languages and reach worldwide audiences," said Kittu Kolluri, General Partner at NEA. "The Transifex platform provides an extremely reliable and scalable solution so that companies can readily market, sell, and communicate with customers. We are excited to partner with the Transifex team as they shift the localization landscape and break down barriers to global expansion."
Transifex was founded in 2009 by Dimitris Glezos after being incubated in Google's Summer of Code. The company is at its heart both global and digitalówith engineers on two continents and customers in over 30 countries representing over 17,000 projects with 170,000 users, localizing content in more than 150 languages.
Transifex has always made its offerings free to the Open Source community, and counts Bitcoin, Creative Commons, Firefox, OpenStack, and Tor among the projects localized on the platform. Linus Torvalds himself, the father of Linux, uses Transifex to manage localization of his personal Scuba website. Prior to this funding round, Transifex had been bootstrapped, growing primarily through word-of-mouth from the developer community.
More information can be found at http://www.transifex.com/
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $13 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 190 portfolio company IPOs and more than 310 acquisitions. In the U.S., NEA has offices in Menlo Park, CA; Boston, MA; New York, NY; Chicago, IL; and the Washington, D.C. metropolitan area. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.
Venture Capital Database