Marketplace, Machine Translation, API, Crowd-sourcing
Straker provides a cloud-based ‘hybrid’ translation platform that uses a combination of both machine translation and human refinement to rapidly speed up language translation.
Straker uses its proprietary ‘RAY Translation Platform’ which has been developed in-house over a number of years and is an enterprise-grade, end-to-end cloud-based platform that allows human translators to deliver faster and more accurate translations. The platform produces a first draft machine translation using one of a number of machine translation engines and co-ordinates human refinement by thousands of crowd-sourced human translator freelancers, followed by human quality review.
The business operates in the estimated US$50B+ global translation industry. Growth in this industry is underpinned by increased content published online, increasing international expansion of businesses of all origins, and the growing middle class in emerging markets.
In October 2018, Straker Translations listed on the ASX (STG:ASX), raising AU$18.4m to fund future growth initiatives, including acquisitions, marketing and product development.
Auckland, New Zealand (HQ); Sydney, Melbourne, Brisbane, and Perth, Australia; San Francisco, Boston, New York, Chicago, Miami, and Washington, United States; Mississauga, Canada; Singapore, Singapore; London, UK; Dublin, Ireland; Munich, Germany; Barcelona, Spain; Sandton, South Africa.
Bailador has released its May 2019 Shareholder Update.
Our May Shareholder Update takes a look at the emergence of B2B focused businesses in Australia which, despite being lesser known than B2C, are addressing huge global market opportunities and thereby becoming very big businesses in their own right.
There are also links to recent Bailador portfolio company coverage including Straker Translations Limited (ASX:STG) which delivered its maiden full year results to the ASX and exceeded its prospectus forecasts for FY19.
BTI Shareholder Update and NTA Report
Click below for the current BTI share price (ASX:BTI) and latest information on trading.
BTI on the ASX