# XL8

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xl8

- Industry: Software
- Headquarters: San Jose, US
- Website: www.xl8.ai
- Total disclosed funding: $11M
- Latest round: Series A (May 3, 2023)
- Investors on record: 4

## About

Based in California, US, and founded in 2017, XL8 Inc. operates as a software company. The company was founded by its CEO Tim YoungHoon Jung, and Jay Jinhyung Park. In September 2023, XL8 Inc. raised KRW 10 billion in series A funding led by KB Investment, with participation from Atinum Investment.

The company’s product line includes Skroll, which is a solution for translating a product's language into the most often spoken foreign languages; XL8 Live Subs, which is a live captioning and translation tool; XL8 Interpret, which is a cloud-based interpreting platform; and Kicksubs, which is a tool that helps to translate youtube contents.

The company generates revenue by offering its services through its subsidiary on a subscription-based pricing plan. The plans include free, basic, and advanced. The charges are USD 24.99 per month for the basic, and USD 124.99 per month for the advanced.

The company plans to use the funds raised in September 2023 to further develop its generative AI-based translation service, scale up related infrastructure, and enter markets in Europe, the Middle East, and the United States.

## Funding rounds

- Series A, May 3, 2023, $11M — KB Investment, Atinum Investment
- Seed, Feb 1, 2022 — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A