Papercup raised $20 million in a Series A funding round led by Octopus Ventures.

Papercup, a London, UK-based SAAS startup, raised $20 million series A equity round.

The money was raised from a range of investors led by Octopus Ventures with participation from LocalGlobe, Sands Capital Ventures, Sky, GMG Ventures, Entrepreneur First, and BDMI.

Papercup, founded in 2017 by Jesse Shemen and Jiameng Gao, developed a software solution using AI and machine learning capable of translating people’s voices and ways of expression into other languages. Video content producers upload their videos, specify a language, wait for Papercup’s teams of native speakers to quality-check the audio and receive a translation with a synthetic voiceover. The technology is being used to translate video content at scale, helping creators, media companies, and brands expand their reach into international audiences.

Prior to this round, Papercup has raised £8 million in a seed round led by LocalGlobe and Sands Capital Ventures,