Lilt Raises $25M in Series B Funding
Summary
Lilt, a San Francisco, CA- and Berlin, Germany-based AI-powered enterprise translation software and services company, raised $25m in Series B funding. 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. The company recently opened additional offices in Indianapolis and Dublin, Ireland.