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INDUSTRY FIRST

Smartcat raised $43 million in a Series C funding round led by Left Lane Capital to accelerate its expansion in AI-based translation and multilingual content generation solutions.

Sep 10, 202411 months ago

Amount Raised

$43 Million

Round Type

series c

WilmingtonNatural Language ProcessingMachine LearningSaasArtificial IntelligenceSoftware

Investors

Left Lane Capital

Description

Smartcat has announced $43 million in Series C funding to support the growing demand for its AI-driven platform. This financing will help the company enhance its offerings and address the needs of global enterprises.

Company Information

Company

Smartcat

Location

Wilmington, Delaware, United States

About

Smartcat is the enterprise language AI platform. The cloud-based solution has over 100 use cases for all kinds of teams, including learning & development, marketing, localization, product, and ecommerce. Smartcat’s client-tailored language AI translates any content into any language (over 280) and allows global teams to generate new content from existing corporate materials, making global operations simple for corporate teams. More than 1,000 global enterprises, including 20% of the Fortune 500, trust Smartcat to communicate all over the world.

FundzWatch™ Score

65
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech