Enterprise language AI company Smartcat announced it raised $43 million in Series C funding, led by Left Lane Capital.
Smartcat’s intuitive platform utilizes AI to translate and create content for global enterprises, realizing significant ROI savings over traditional solutions. And this financing will support the growing demand for Smartcat’s AI-based translation and multilingual content generation solutions.
Smartcat has also recently released a full-cycle, multilingual AI video translation and dubbing solution for its over 1,000 enterprise customers, including over 20% of the Fortune 500. And Smartcat also launched a first-in-class AI solution for the creation of learning content.
Learning & Development teams can now create learning content they need in any language such as full courses, microlearnings, videos, quizzes, and AI video avatars. Smartcat’s global enterprise clients have been quick to adopt this solution, allowing them to meet the ever-growing demand for learning content without the need for additional resources.
Smartcat’s AI continuously learns from your team and ever-expanding enterprise corpora to improve quality. And with an unlimited seat model for global collaboration, Smartcat is one of the most effective solutions delivering outsized ROI for clients. Global teams can also use Smartcat AI to source editors through its proprietary, automated worldwide expert network of over 500,000 to help with content review when there are capacity constraints.
The company’s clients continue to see outstanding results in terms of quality, turnaround time, and cost as it relates to AI multilingual content generation and AI translation. Many report creating 10 times more multilingual content with the same budget and in a fraction of the time. This, in turn, accelerates their global operations across the enterprise, including sales, marketing, and learning and development.
KEY QUOTES:
“Smartcat is known for bringing AI innovations to the enterprise in both translation and content creation. This new funding recognizes our success to date and will help accelerate our current and future AI offerings for global teams. We are grateful to Left Lane and our existing investors who continue to support our mission to be the comprehensive enterprise language AI solution for global teams, offering dozens of use cases across multiple departments.”
-Founder and CEO Ivan Smolnikov, who has two decades of experience in enterprise language tech and AI, and is building a second successful company in this space
“Smartcat’s leadership team has a solid track record of serving the enterprise translation market with a unique AI solution. As an early market mover, the company has a broad portfolio of customers and is uniquely positioned to compound the depth and quality of their product offering, continuing to lock-in competitive advantages over time.”
-Vinny Pujji, Managing Partner at Left Lane Capital
“Smartcat’s high quality AI translation, collaborative workflows, and proprietary network of human editors has transformed our global operations by delivering superior translated content in hours instead of months and for a fraction of the cost compared to our previously outsourced solution. Smartcat’s ease of use means any corporate team member can adopt it and quickly realize its benefits in a matter of days. Beyond translation, Smartcat’s AI for learning content has streamlined the course creation process allowing us to develop full courses and microlearnings in minutes, using natural language inputs. It’s groundbreaking.”
-Mark Stauffer, Senior Learning & Development Manager for Brink’s
