Tech Company Financing Transactions
AppTek Funding Round
On 4/11/2016, AppTek secured funding from Novus Ventures.
Transaction Overview
Company Name
Announced On
4/11/2016
Transaction Type
Debt
Amount
Unknown
Round
Undisclosed
Investors
Novus Ventures (John Saefke)
Proceeds Purpose
AppTek will use the financing to extend its sales and marketing efforts and expand its market reach.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
6867 Elm St.
McLean, VA 22101
USA
McLean, VA 22101
USA
Phone
Website
Email Address
Overview
AppTek's primary focus is on machine translation (MT) and automatic speech recognition (ASR). AppTek acquired AIXPLAIN in 2004, thereby adding a statistical MT to the originally rule-based MT. The two engines have since been merged into a hybrid machine translation engine covering many language pairs. AppTek has been involved in ASR since the acquisition of AIXPLAIN, for broadcast and telephony in various languages and dialects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mohammad Shihadah
Chief Executive Officer
Mudar Yaghi
Chief Scientific Officer
Jintao Jiang
Chief Technical Officer
Steve Cook
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We report on funding rounds that are announced publicly. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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