Lilt, a San Francisco, CA- and Berlin, Germany-based AI-powered enterprise translation software and services company, raised $25m in Series B funding.
The round was led by Intel Capital with participation from existing investors Sequoia Capital, Redpoint Ventures, In-Q-Tel, Zetta Venture Partners, and XSeed Capital. In conjunction with the funding, Mark Rostick, vice president and senior managing director at Intel Capital, joins Lilt’s board of directors.
The company, which has raised $37.5m in total funding, intends to use the capital to further develop its enterprise translation software, research its natural language processing technology, as well as accelerate its go-to-market strategy.
Led by CEO and Co-Founder Spence Green, Lilt provides an AI-powered solution that combines adaptive neural machine translation technology, an enterprise translation management system, and professional translators to give organizations everything they need to scale their translation programs, go-to-market fast, and improve the global customer experience. Customers include Fortune 500 companies like Intel, consumer brands such as ASICS, technology companies such as WalkMe, Sprinklr, DigitalOcean, and Canva, and other financial, media, healthcare, and manufacturing companies around the world. The company recently opened additional offices in Indianapolis and Dublin, Ireland.
FinSMEs
12/05/2020