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.
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.
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.
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Venture capital investing in technology sectors such as AI and automotive.
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Private equity firm focused on healthcare, renewable energy, education, and other sectors
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Limited information is provided about Aspada Investments' activities.
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Investor details for Reverie Language Technologies
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Investments & Acquisitions by Reverie Language Technologies
Investment portfolio details for Reverie Language Technologies
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Financial Statements - Reverie Language Technologies
Detailed financials for Reverie Language Technologies
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Reverie Language Technologies Comparisons
Peer comparison for Reverie Language Technologies
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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.
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Cloud-based machine translation tools and services are provided by Lilt.
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AI-based translation platform is provided for multilingual operations.
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Collaborative content planning and marketing management solution
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Instant messaging and social networking service provider
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Content optimization software is provided for marketing workflows and analytics.
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Detailed competitors of Reverie Language Technologies
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Latest news on Reverie Language Technologies
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Frequently Asked Questions about Reverie Language Technologies
Reverie Language Technologies was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Reverie Language Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Reverie Language Technologies is a funded company, having raised a total of $4.14M across 4 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Reverie Language Technologies is 194.
Annual revenue of Reverie Language Technologies is $1.74M as on Mar 31, 2023.
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.
Reverie Language Technologies offers Anuvadak, IndoCord, Prabandhak, Translation API, and 3 more products and services.
Reverie Language Technologies has 9 investors. Key investors include Reliance Industries, Qualcomm Ventures, Lightrock India, Aspada Investments, and Mahesh Mohan Thakur.
The valuation of Reverie Language Technologies is $12.88M as of Aug 2015.