India, April 20, 2021: Inflexor Ventures, a leading deep-tech VC, has invested an undisclosed amount in content translation platform, Vitra.ai, as a part of its DeepTech Fellowship Program with Venture Capital firm 100X.VC.
Launched in December 2020, Vitra.ai is an AI-based video translation platform which helps customers translate videos to 50+ languages with just 1-click. Vitra.ai can translate content 10x faster and 80% cheaper than most existing manual translation solutions. Vitra.ai has both self-serve and managed service models where customers can translate any content (video, audio, speech-to-text, or text-to-speech) into 50 different languages with multiple voice profiles. The AI-based platform is context-aware and comes included with auto-suggestion, auto-correction, and semantic correction features.
While Vitra.ai’s primary focus would be on News, social media, and Video Content Creators, they have also engaged with a broad spectrum of clients across industries such as EdTech, Media, FinTech, HealthTech etc. Vitra.ai‘s product roadmap includes development of Voice Cloning and Emotion Transfer Technology.
Jatin Desai, Managing Partner, Inflexor Ventures said, “Vitra.ai’s vision of a future where content and communication are not limited by language barriers is something that resonates deeply with our values. We have strong conviction in their technology capability, as well as Satvik and Akash’s ability to deliver on this future. We also hope that our partnership with 100X.VC will bring out many more such strong players in the DeepTech ecosystem.”
Ninad Karpe, Partner, 100X.VC said, “Our investment in Vitra.ai reflects the level of commitment with which both Inflexor Ventures and 100X.VC are driving the DeepTech Fellowship Program. We believe in the ‘Idea of India’ and that indigenous early-stage startups can tap wide-ranging global opportunities if they are given the right platform. Vitra.ai has a unique offering for the global markets and we are optimistic that their pioneering efforts in the AI space will scale rapidly.”
The DeepTech Fellowship Program is aimed at 100X.VC’s DeepTech portfolio companies, wherein additional networking and funding access are provided by Inflexor Ventures. The Inflexor team also conducts specialized workshops, experience-sharing sessions, and one-on-one mentorship sessions. It further opens the door for strategic partnerships between the two VC funds’ portfolio companies and other industry alignments.
About Inflexor Ventures
Inflexor Ventures is a sector-agnostic VC firm that invests in deep and emerging technology startups from Pre-Series A to Series-A+ stages. The team at Inflexor Ventures brings decades of experience in fund management and investments, serial entrepreneurship with exits to US listed companies and global technology and operational roles. Inflexor co-founders were early investor in startups like Atomberg, PlayShifu, Entropik, Bellatrix, Cloudsek, Scube, Data Resolve, Chakr, Singularity Dynamics, Verloop, 3rdFlix and SecurAx via their Parampara Fund.
100X.VC is India's first venture fund to invest in early-stage startups using iSAFE (India Simple Agreement For Future Equity) Notes. 100X.VC is a SEBI Registered CAT I AIF, Investment Adviser and the first Institutional Investor in our portfolio companies. The fund is sponsored by Mehta Ventures (www.mehtaventures.co), the Family Office Investment arm of Sanjay Mehta. 100X.VC has so far invested in 39 startups which have gone ahead and raise upwards of 50 crore cumulative funding from institutional funds, HNIs and Family Offices.