M+E Daily

Iyuno-SDI Lands Another Round of Financing

Localization services provider Iyuno-SDI has secured a “significant” investment from Korean-based IMM Investments Corp., bringing Iyuno-SDI’s estimated worth to $1.2 billion in enterprise value. As part of the deal, IMM Investments Corp., will join Iyuno-SDI’s board of directors.

The announcement marks the second major investment in Iyuno-SDI in the last nine months, with SoftBank Vision Fund 2 investing $160 million in April.

Altor Fund IV, Softbank Ventures Asia, and Shamrock Capital Advisors, LLC also count themselves among investors in the company.

“We are delighted to have IMM as a trusted partner in our success story. IMM’s investment further solidifies Iyuno-SDI’s strong capital base and our ability to remain faithful to our commitment to our customers, and the rapidly growing industry, where our mission is to deliver the much-needed innovation, quality and scale through technology-driven solutions and capacity investments,” said David Lee, founder and CEO of Iyuno-SDI Group.

The company said the added financing is another validation of its global scale strategy, unique technology, and wide breadth of services.

After a year of major growth in the localization arena, Iyuno-SDI anticipates more of the same in 2022, thanks to the proliferation of global OTT streaming platforms and rapidly escalating demand for high-quality localization for English and, increasingly, non-English content. AI-based advances in text and voice translation will also create significant expansion of the addressable market for localization services with various applications across other vertical markets beyond media and entertainment, the company added.

“The media and entertainment sector is undergoing massive disruption, as content distribution and consumption patterns are dramatically changing,” said Sungmin Na, managing director of IMM. “We are truly impressed by Iyuno-SDI’s media tech capabilities and excited to support David Lee and the entire Iyuno-SDI team to deliver high-quality localization services to the media and entertainment industry and beyond.”

Iyuno-SDI Group was formed in 2021 following the acquisition of SDI Media by Iyuno Media Group. The company boasts the largest global footprint in the industry, with 67 offices in 34 countries.