Local language tech platform VerSe Innovation raises another $100 million
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cnbctv said that VerSe Innovation, a leading local language technology platform in India, on Monday announced it has raised another USD 100 million-plus in a Series H funding round led Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and Glade Brook Capital Partners. Canaan Valley Capital and existing investor Sofina Group also participated in this round, it said in a statement.
The investment follows close on the heels of a USD 100 million-plus fundraise from Google, Microsoft and AlphaWave in December last year. VerSe Innovation plans to deploy this capital steadily in the continued scaling up of ’made-in-Bharat-for-Bharat-by- Bharat-in-12-Bhartiya-languages-hosted-in-Bharat’ short video platform ’Josh’.
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