

Cambridge startup 3Play Media Inc., founded by four MIT graduate students who are working on technology to capture and transcribe lectures, has received $511,601 in an equity round, according to a filing with the U.S. Securities and Exchange Commission.
Originally based in Somerville, 3Play Media says on its website that it was founded in 2007 because traditional transciption methods have been cost-prohibitive and computerized methods were inadequate. The company’s products and services, which it says are used by more than 100 customers, draws on research from the MIT Spoken Language Systems Group, and offers a transcription process that combines automatic speech recognition with human editing cleanup.
The SEC filing lists as interested parties the company founders, including president Christopher Antunes and angel investor Anatole Khesin, who was among the angels participating in a $450,000 funding of the company in February 2010, and took both a board seat and a marketing position with the company at that time.
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