About Reverie Language Technologies
Reverie Language Technologies is a company based in Bengaluru (India) founded in 2009 by Vivekanand Pani was acquired by Reliance Industries in February 2019.. Reverie Language Technologies has raised $4.14 million across 4 funding rounds from investors including Reliance Industries, Qualcomm Ventures and Lightrock India. The company has 194 employees as of April 09, 2024. Reverie Language Technologies offers products and services including Anuvadak, IndoCord, Prabandhak, Translation API, and Transliteration API. Reverie Language Technologies operates in a competitive market with competitors including Lilt, Unbabel, Opal Labs, Meebo and Kapost, among others.
- Headquarter Bengaluru, India
- Employees 194 as on 09 Apr, 2024
- Founders Vivekanand Pani
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Reverie Language Technologies Limited
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$1.74 M (USD)-29.07as on Mar 31, 2023
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Net Profit
$343.55 K (USD)5.93as on Mar 31, 2023
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EBITDA
$356.49 K (USD)13.29as on Mar 31, 2023
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Total Equity Funding
$4.14 M (USD)
in 4 rounds
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Latest Funding Round
$4 M (USD), Series A
Aug 13, 2015
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Investors
Reliance Industries
& 8 more
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Employee Count
194
as on Apr 09, 2024
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Acquired by
Reliance Industries
(Feb 23, 2019)
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Products & Services of Reverie Language Technologies
Reverie Language Technologies offers a comprehensive portfolio of products and services, including Anuvadak, IndoCord, Prabandhak, Translation API, and Transliteration API. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages website and app localization for multilingual content
Creates AI-powered chat and voice bots for interactions
Handles translation projects and content workflows
Enables accurate text translation across languages
Converts text between scripts phonetically
Converts written text into natural spoken words
Converts spoken words into written text in real-time
Funding Insights of Reverie Language Technologies
Reverie Language Technologies has successfully raised a total of $4.14M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in August 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $4.0M
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First Round
First Round
(19 Dec 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Series A - Reverie Language Technologies | Valuation | Lightrock India | |
| Apr, 2015 | Amount | Angel Round - Reverie Language Technologies | Valuation | Mahesh Mohan Thakur |
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| Nov, 2013 | Amount | Angel Round - Reverie Language Technologies | Valuation | Janardhana Rao Padavala |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reverie Language Technologies
Reverie Language Technologies has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Reliance Industries, Qualcomm Ventures and Lightrock India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Private equity firm focused on healthcare, renewable energy, education, and other sectors
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Founded Year | Domain | Location | |
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Limited information is provided about Aspada Investments' activities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Reverie Language Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Reverie Language Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reverie Language Technologies Comparisons
Competitors of Reverie Language Technologies
Reverie Language Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lilt, Unbabel, Opal Labs, Meebo and Kapost, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based machine translation tools and services are provided by Lilt.
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| domain | founded_year | HQ Location |
AI-based translation platform is provided for multilingual operations.
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| domain | founded_year | HQ Location |
Collaborative content planning and marketing management solution
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| domain | founded_year | HQ Location |
Instant messaging and social networking service provider
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| domain | founded_year | HQ Location |
Content optimization software is provided for marketing workflows and analytics.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Reverie Language Technologies
Frequently Asked Questions about Reverie Language Technologies
When was Reverie Language Technologies founded?
Reverie Language Technologies was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Reverie Language Technologies located?
Reverie Language Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Reverie Language Technologies a funded company?
Reverie Language Technologies is a funded company, having raised a total of $4.14M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $31.4K, raised on Dec 19, 2011.
How many employees does Reverie Language Technologies have?
As of Apr 09, 2024, the latest employee count at Reverie Language Technologies is 194.
What is the annual revenue of Reverie Language Technologies?
Annual revenue of Reverie Language Technologies is $1.74M as on Mar 31, 2023.
What does Reverie Language Technologies do?
Founded in 2009 and headquartered in Bengaluru, India, Reverie Language Technologies operates in the AI language sector. Tools for website and application localization, multilingual content management, and development of AI-driven chatbots and voice bots are supplied. APIs supporting translation, transliteration, text-to-speech, and speech-to-text functionalities are offered to enterprises, startups, and government entities across various industries, with customized applications tailored to specific needs.
Who are the top competitors of Reverie Language Technologies?
What products or services does Reverie Language Technologies offer?
Reverie Language Technologies offers Anuvadak, IndoCord, Prabandhak, Translation API, and 3 more products and services.
Who are Reverie Language Technologies's investors?
Reverie Language Technologies has 9 investors. Key investors include Reliance Industries, Qualcomm Ventures, Lightrock India, Aspada Investments, and Mahesh Mohan Thakur.
What is Reverie Language Technologies's valuation?
The valuation of Reverie Language Technologies is $12.88M as of Aug 2015.