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CIBC Innovation Banking Provides €12m Financing Package to Language Technology Business Phrase


CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology.

Launched in 2010 to provide translation and localisation technology to…

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