Nagish becomes Rylo and closes a $101 million funding round to accelerate growth in accessible communication technology
The company formerly known as Nagish has announced its rebrand to Rylo, alongside the closing of a new financing round that brings its total funding raised to $101 million.
The transaction includes $75 million in growth funding provided by the General Catalyst Customer Value Fund, as well as an additional $10 million from existing investors, including Canaan, Contour Venture Partners, Vertex Ventures Israel, Cardumen Capital, and others.
A communication platform designed from the ground up for the Deaf and hard-of-hearing community
The company was created with the goal of transforming communication technology, which has traditionally been designed for hearing users and only later adapted for others. Rylo develops real-time, AI-powered communication tools designed from the ground up for the Deaf and hard-of-hearing community, rather than retrofitted as an afterthought.
Accelerating a new phase of growth
With this new funding, the company is accelerating its expansion strategy, which includes launching new products, growing its team, and expanding the reach of its solutions to a broader global user base.
The company notes that its previous work represents only an initial phase of development, while this new stage marks the beginning of a more ambitious expansion backed by significantly greater resources and operational capacity.
Expansion and new chapter under the Rylo brand
The rebrand to Rylo reflects this new phase of development, as the company seeks to establish itself as a leading player in AI-powered accessible communication tools.
The company reaffirms its mission to build inclusive communication technology from the ground up, aiming to address the needs of a community historically underserved by the technology industry.
With this transaction, Rylo enters a new growth phase with an expanded funding base, greater development capacity, and a strategy focused on accelerating innovation in real-time communication solutions.
More info at: https://rylo.com/post/nagish-is-now-rylo
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The transaction includes $75 million in growth funding provided by the...
