Lilt Raises $25 Million For AI-Powered Language Translation Platform

Lilt Raises $25 Million For AI-Powered Language Translation Platform

by NeoTech Post

Lilt, an AI-powered enterprise language translation platform, raised $25 million in Series B funding. 

Intel Capital led the round, with participation from existing investors Sequoia Capital, Redpoint Ventures, In-Q-Tel, Zetta Venture Partners, and XSeed Capital. 

As part of the investment, Mark Rostick, vice president and senior managing director at Intel Capital, will join Lilt’s board of directors. 

Including the latest funding round, Lilt has raised $37.5 million to date. The company plans to use the latest funds to further develop its enterprise translation software, research its natural language processing technology, as well as accelerate its go-to-market strategy. 

Lilt’s AI-powered solution combines adaptive neural machine translation technology, enterprise translation management system, and professional translators to give organizations everything they need to scale their translation programs, go-to-market strategies, and improve the global customer experience.

The company’s customers include Intel, ASICS, WalkMe, Sprinklr, DigitalOcean, Canva, and other financial, media, healthcare, and manufacturing companies worldwide.

“By enabling the organizations that create and manage knowledge to make it available to more people in more languages, we can achieve our mission of making the world’s information accessible to everyone regardless of where they were born or which language they speak,” said Lilt CEO and Co-Founder Spence Green. 

“We’re excited to have Intel Capital as an investor and excited to have an industry-leader like Intel Corporation as a customer that recognizes the power of our technology.”

Image by 200 Degrees from Pixabay