Amberscript raises $10 million

The Series A round was led by Endeit Capital, a German-Dutch venture capitalist.

The start-up Ambercsript has successfully completed its Series A financing round and raised ten million US dollars. The Series A round was led by Endeit Capital, a leading German-Dutch venture capital firm founded by the former management team of media company Endemol. Amberscript has set itself the task of making audio and video data accessible without barriers. With the help of AI speech recognition software and translators, the start-up produces subtitles and transcripts in 13 languages. The company aims to be eight times faster than previous manual methods.

"Since universities alone already produce more than 50 hours of video material on average every day, it was previously practically impossible to transcribe and format the required amount of subtitles completely manually," says Peter-Paul de Leeuw, founder and CEO of Amberscript. "That's why we have invested in experienced tech talent and our technology over the past three years and further developed our AI-supported technology to automate and optimize this process as much as possible." With the help of the latest inventions, Amberscript is now set to become the world's leading tech company for speech recognition and subtitling solutions. As a first step, the company wants to improve its AI solutions and expand more strongly in the German and Dutch markets.

Amberscript's customers already include departments of the German and Dutch governments, universities, public broadcasters and companies such as Disney and Puma. The company's technology, which was launched in August 2021, generates subtitles that should even meet the standards of Netflix and the BBC. The tool is designed to work within the web browser.