XL8 Company Market Research Report

Company Overview

• Name: XL8 Inc.

• Mission: To create and provide the world's best AI technologies for localization, broadcast, live events, and all other forms of written and spoken content, striving to make a global impact by creating communicative opportunities for everyone, worldwide.

• Vision: To help the world communicate by eliminating barriers of language, region, or circumstance through innovative AI technologies.

• Founded: October 2019

• Founders: Tim Jung (Founder & CEO) and Jay Park (Co-Founder & CTO)

• Key People:

• Tim Jung: Founder & CEO, with a background in Computer Science and experience in senior software engineering at Google.

• Jay Park: Co-Founder & CTO, with experience in connectivity and data communication services at Apple.

• Josh Pine: Chief Revenue Officer, with extensive experience in global business operations in Media & Entertainment.

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Specializes in media and entertainment localization, providing human-like AI translations focusing on colloquial speech and offering innovative products like MediaCAT and EventCAT.

Products

MediaCAT

• Description: An AI-driven localization platform that enhances global reach with seamless translation, precise context adaptation to local cultures and languages, and faster time-to-market for media projects.

• Key Features:

• Advanced AI transcription and translation.

• Simplified dubbing process.

• Efficient editing tools.

• Context-awareness for more accurate translations.

• Secure and compliant with TPN Gold Shield and SOC 2 Type II certification.

EventCAT

• Description: AI-powered live translation and interpretation platform designed to enhance real-time multilingual communication at events.

• Key Features:

• Live event interpretation in multiple languages.

• Streamlined integration for global events.

• Real-time translation with high accuracy and low latency.

Recent Developments

• New Products Launched:

• MediaCAT and EventCAT were highlighted as major platforms for AI media localization and live translation, respectively.

• New Partnerships:

• Partnered with Cineverse for AI-powered captioning and localization.

• Integrated AI Sync & Translate APIs into OOONA’s Media Localization Management Platform.

• Awards & Recognition:

• Won "Next Innovator Award" at NextRise Awards 2024.

• XL8’s MediaCAT awarded Best Product in AI & Data.

• Shortlisted for multiple prestigious awards including EGA’s 2024 Hermes Awards.

• Recent Achievements:

• Secured SOC 2 Type II certification, enhancing data security measures.

• Entered the Google for Startups and Microsoft for Startups Founders Hub.

• New Features & Enhancements:

• Enhanced simultaneous machine translation with word-level policies, as detailed in a research paper accepted at EMNLP 2023.

• Notable Developments:

• Launched MediaCAT in September 2022, debuting their signature AI Media Localization Services Platform.

• Opened first international Engineering Office in Seoul, Korea, in November 2021.

Note: No financial details or exact headquarters location were provided in the available data. Further information might be obtained from additional company disclosures or reports.