South Korea’s Bering Lab Raises $2.3 Million

Bering Lab, a South Korea-based pioneer in legal AI translation, has raised $2.3 million in a pre-A investment round led by SBVA, with participation from The MBA Fund.

• Innovative AI Engine: Founded in 2020, Bering Lab offers a specialized AI translation engine for the legal sector, surpassing general translation tools in accuracy and efficiency.

• Services: The company provides Bering AI, a subscription-based platform for small and medium-sized law firms, and Bering AI Plus, which includes post-translation reviews by a network of 500 lawyers and 800 translators, ensuring 99% accuracy.

• Global Reach: Bering Lab’s technology is utilized by over 300 clients worldwide, including more than 140 law firms and corporate legal teams across 15 countries such as the US, Hong Kong, Singapore, and Japan.

• Future Plans: The new funding will support Bering Lab’s expansion into new markets and sectors. Upcoming plans include extending services to finance, clinical, and IT sectors, and developing industry-specific business translation machines.

This funding round positions Bering Lab for continued growth and innovation in the specialized field of legal translation.