Bengaluru-based Reverie, a language-as-a-Service platform has raised $4 million in Series A funding in a round led by Aspada Investment Advisors, with participation from existing investor Qualcomm Ventures.
Sahil Kini, Vice President, Aspada will be joining Reverie’s board.
Post this funding the startup looks to increase its presence in the consumer internet, financial services, government, and enterprise software verticals.
Reverie shall also use this round to build and grow its sales and marketing prowess in geographies such as the Middle East and South East Asia.
Reverie is a local language computing and language experience company. Its flagship product, the Reverie Language Gateway helps businesses go multilingual. Reverie Language Gateway is a massive-scale, cloud-based, language-as-a-service platform with tools, technologies, and entire ecosystems to help build local language equivalents of English language businesses and initiatives.
Essentially, Reverie devises full-stack solutions to translate, transliterate, input, and search on the web in dozens of Indian languages, which are embedded in millions of phones worldwide. Its language-as-a-service platform, where developers could create native language content for any site, is currently in beta phase.
The 5-year-old startup was founded in 2010 by SK Mohanty, who is touted as father of Indian language fonts, along with two brothers – Arvind Pani and Vivek Pani . Before starting Reverie, Arvind had rewarding stints with Intel, L&T John Deere, and Steel Authority of India Ltd. while Vivek started his language computing journey at CDAC.
According to a recent report by the Internet and Media Assoxiation of India and IMRB International, creating local language content on the Internet would grow the Indian online user base by 39%, mostly from rural segments.