A consortium of investors led a $450m Series I funding round in VerSe Innovation.

Siguler Guff, a multi-strategy private equity investment firm, Baillie Gifford, an investment management firm, and Carlyle led a $450m Series I funding round in VerSe Innovation, a local language technology platform. Existing investors Sofina Group, Qatar Investment Authority and BCap also participated in the round. VerSe Innovation is betting on building a family of apps that serves users in scores of local languages. The startup plans to invest in broadening its AI / ML stack to offer users more personalized experience.