Edge Investments, a growth investor in the UK creative economy, has invested £2m in Trint.
Trint is an A.I.-powered speech-to-text platform.
Edge joins the £5m round opened by The New York Times Company, which will use the funds for new hires, to expand product development and innovation.
Founded by Emmy Award-winning journalist Jeff Kofman in 2014, Trint uses speech-to-text technology to automate transcription in 31 languages for seamless and fast content creation.
Its customers include major media organisations like The Associated Press, Vice News, The Washington Post and Der Spiegel, as well as Airbnb, Nike, Spotify and The New York Police Department.
David Glick, Chief Executive and Founder of Edge Investments, said: “Edge backs founders with purpose, and Emmy-winning former journalist and war correspondent Jeff Kofman is definitely a founder with a clear mission. Seeing people transcribing interviews, speeches, and news conferences in the 21st century the same archaic way journalists did in the 1970s, he realised that artificial intelligence (A.I.) and speech-to-text could do the heavy lifting of transcription. Spanning video, audio and the written word, Trint is a truly modern company solving a decades-old problem, and is poised to dominate its category.”
Jeff Kofman, CEO of Trint, added: ““We are really excited to have Edge and The New York Times joining our investment team. Over the last year Trint has evolved from startup to scaleup and we know it’s critical to have professional investors helping us navigate through an exciting but complex high-growth phase. The breadth and depth of their expertise, as well as their networks in the sector, will really help us to drive Trint forward in 2021 and beyond.”