MACHINE TRANSLATION FOR CHAT A B2B machine translation service, powered by a crowd of enthusiastic language learners. HOW IT WORKS MARKET Chat has now surpassed social media engagement on mobile, brands are quickly moving to offer ‘conversational commerce’ via chat bots, and being able to translate chat is becoming BIG business. $45B 15% estimated value projected annual growth rate of the global language industry by 2020 machine translation market $30B estimated value of the language tech industry 500M monthly active users use chat more than social machine translation PROBLEM community vetted Today’s machine translation engines are trained on books, academic articles, & government documents... but the way people talk online is very different! GOOD AT Hello friend. How are you? Hola amigo. ¿Cómo estás? Yo bruh! Sup wit u BAD A T No translation was found... expert corrected SOLUTION: stored in database Crowdsourcing training data Our language-learning tools help students practice a foreign language, and turns every day chat messages into profitable scalable training data for machine translation. RESULTS FROM OUR 400 USER BETA TRIAL: 200K translation pairs donated by opted-in users 1.3M messages translated and over 38K chat sessions 40¢ cost per acquisition per user from 10 countries 54 days average user lifespan With seed funding we can scale up our community-vetted training data, optimize our translation API, and become the translation layer for the modern conversation-based mobile web experience. THE TEAM Duncan • Randy • Zach TRY IT YOURSELF: support @ beefluentapp . com BEEFLUENTAPP.COM RASING SEED ROUND to scale our team and translation API platform targeting Language Service Profiders, Customer Support, App & Bot Builders and Business Intelligence SOURCES https://www.gala-global.org/industry/industry-facts-and-data http://www.businessinsider.com/the-messaging-app-report-2015-11
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