Smartcat closed $43M Series C round

Smartcat, an enterprise language AI platform, secured $43 million in Series C funding. The round was led by Left Lane Capital.

Smartcat's platform utilizes AI to translate and create content for global enterprises, aiming to provide significant ROI savings over traditional solutions. The company plans to use the financing to accelerate its expansion and support the growing demand for its AI-based translation and multilingual content generation solutions. Smartcat serves over 1,000 enterprise customers, including 20% of the Fortune 500, and recently released a multilingual AI video translation and dubbing solution, as well as an AI solution for creating learning content.