Interactio, a Vilnius, Lithuania-based provider of a remote interpretation platform, raised $30m in Series A funding.
The round was led by Eight Roads Ventures and Storm Ventures with participation from Practica Capital, Notion Capital, Change Ventures and angels such as Jaan Tallinn and Young Sohn.
The company intends to use the funds to accelerate to further scale its team to support growth, hiring in its native country Lithuania, all across Europe and in the US.
Led by CEO and co-founder Henrikas Urbonas, Interactio is a remote interpretation platform that provides remote participation for multilingual online and onsite meetings. Connected on an interactive panel via desktop or mobile device, attendees can exchange ideas in a live chat, cast votes, and show essential information through a screen sharing function.
The company works with large institutions (e.g. European Parliament, European Commission, United Nations) and corporates (e.g. BMW, JP Morgan, Microsoft) to provide real-time multilingual interpretation services for remote or hybrid meetings. The platforms allow to host participants and interpreters who can either be in the room or remote.