Broadcast News

Bookmark and Share
15/04/2019

Trint Closes £3.44m In Series A Funding

News Image
Trint has announced that it has closed £3.44 million in Series A funding from a group of private and institutional investors. The company has raised a total of £5.96 million since it was founded in December 2014.

The new round is led by a follow-on investment from Horizons Lab, the Hong Kong-based seed fund operated by the managers of Horizons Ventures. Institutional investors include TechNexus, a venture collaborative of entrepreneurs, engineers, and business leaders; and The Associated Press.

Trint CEO and founder Jeff Kofman was inspired to build Trint after spending 30 years as an Emmy Award-winning war correspondent and foreign correspondent with ABC and CBS News, during which time he estimates he manually transcribed thousands of hours of interviews. Trint is using the funding to enhance its A.I.-powered platform so that customers can extract even more value from recorded audio and video and unlock the emerging voice economy. In the coming months, Trint will launch a new suite of collaboration features that will transform workflows for large teams working with audio and video content and enhance their ability to work together on editing transcripts and publishing content. Trint will also be releasing a new tool that combines a video player with an interactive transcript, making recorded content searchable, discoverable, and shareable on the Internet.

"In the last century, the world communicated through text; in the 21st-century communication is driven by voice and the spoken word," said Kofman. "We've created Trint to go far beyond automated transcription, building the world’s first enterprise product for managing the workflow of the spoken word: letting users take raw recorded content, find the moments that matter and collaborate with others to produce content faster and more efficiently."

He added: "Trint is focused on serving the needs of video production, brands, news organizations, and researchers, allowing them to unlock the value of the spoken word like never before."

"TechNexus joined the round as both an investor and collaborator with enterprise partners, such as Shure Inc., committed to pilot and develop Trint's technology into new industry and market solutions," said JJ Oslund, Senior Manager, Technexus Ventures.

Kofman also noted that Trint is one of a growing number of technology companies that have opted to bypass funding from venture capitalist firms to maintain focus on smart and steady growth and the development of the core product.

Since its 2016 launch, London-based Trint has grown from four to 45 employees, including seven employees in the company’s North American headquarters in Toronto. It has seen consistent double-digit growth in revenue since 2017 and is now used by more than a quarter million customers. It has been hailed as "by far the best automated transcription service" by The New York Times and an “unprecedented voice transcription technology” by Wired.

Trint initially launched with funding from the Knight Enterprise Fund, as well as early support from BBC Worldwide Labs and Cisco. In June 2017, the company raised £2.4 million in funding. In July 2018, Google’s Digital News Innovation Fund awarded Trint a grant of £260,000 to build an automated translation project in 100+ languages which is now in development. In 2018 Trint was awarded the "Gannett Foundation Award for Technical Innovation in the Service of Digital Journalism.”

www.trint.com
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

26/01/2018
Creative Scotland Publishes Regular Funding Network 2018-21
Creative Scotland has announced the Regular Funding network 2018-21, delivering three-year funding to a range of cultural and creative organisations t
12/05/2017
New Video Pro X Released
MAGIX is pleased to announce the release of the latest version of its video editing software, Video Pro X. An unrivaled spectrum of innovative feature
03/05/2017
AJA Video Systems Unveils New Features Of RovoCam Camera System
AJA Video Systems has unveiled new features of its RovoCam Camera System. At NAB 2017, the company revealed details of its RovoCam compact block camer
10/05/2017
Corporate Video Production Is Here To Stay
2016 saw video marketing reach new heights for marketers. 61% of businesses have used video compared to just 34% the year before. You may still have d
17/05/2017
Bexel ESS Delivers Upgrade For Financial Institution
Bexel ESS has been appointed to deliver an upgrade for a Fortune 500-listed financial institution, it has been revealed. The projects include the desi
09/07/2008
Irish Film Funding Changed
The Irish Film Board (IFB) has introduced new funding limits on certain sector of its work. From July, this will impact on IFB development funding and
03/10/2017
Artel Video Systems To Showcase New Products at SMPTE Conference & Exhibition
Artel will showcase three IP-centric platforms specifically designed to address customers' growing requirements as they migrate from direct fiber to a
25/09/2017
Artel Video Systems Heads To NAB New York
Artel Video Systems has announced that it is to exhibit at the 2017 NAB Show New York next month, demonstrating an end-to-end hybrid IP- and fiber-bas
25/09/2017
Bexel Launches New Sideline Audio/Video Cart
Bexel has launched its new Sideline Audio/Video Cart, a plug-and-play solution for streamlining the acquisition of field audio and video feeds in stad
08/07/2019
Imagine Products Offers Greater Flexibility With New Apps
Imagine Products has released a new and improved version of its ShotPut Pro app, which allows users to offload video, audio, and photo files. Along wi
01/07/2019
Clark Media Unveils New Production Trailer
When Clark Media unveiled its new 53-foot state-of-the-art production trailer, Calrec Audio’s Artemis Light digital broadcast audio console was front
28/06/2019
Production News : Steve McQueen Begins Shooting New BBC Series
Oscar-winning director Steve McQueen is collaborating with the BBC on a new 1970's anthology series set in London. The '12 Years a Slave' filmmaker ha
27/06/2019
LynTec's New XPC Series Wins Prestigious Award
LynTec's new Xtend Power Control (XPC) series won the Future Best of Show Award, presented by Sound & Video Contractor at InfoComm 2019 in Orlando, Fl
19/09/2017
The New Brevity Of Online Video
In an age of binge TV-watching, 10-second Snapchat stories and people watching 50 screens at once, it seems that humans want everything, immediately.
23/05/2019
WISI To Unveil New Video Solutions At ANGA COM 2019
WISI is to unveil a new sophisticated video solutions for network operators and service providers at ANGA COM 2019 in Cologne (booth R11 in hall 8). H