Smartcat Raises $43 Million Series C For Expansion of Enterprise Language AI

Updated September 10, 2024
Series c funding press release - Smartcat blog
Kacie Saxer-Taulbee
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Kacie Saxer-Taulbee

Kacie Saxer-Taulbee is a data-informed content leader with a background in high-scale B2B SaaS, legal tech, and insurtech. Currently the Director of Content and Strategic Brand at Smartcat, she leads the company's global storytelling efforts, harmonizing thought leadership with AI-powered localization and multilingual communication. Her work has been featured or quoted in Business Insider, ABC News, Yahoo Finance, The Seattle Times, Property Casualty 360, The Balance, FinTech Global, and Insurance Business America. She prioritizes rigorous research and analysis to provide enterprise corporations with the best information to address their agentic AI and global content needs

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Nicole DiNicola
Reviewed by
Nicole DiNicola

Nicole DiNicola is a high-performing and empathetic global marketing leader with over 15 years of experience in the fast-paced B2B tech industry. Currently the Global VP of Marketing at Smartcat, she leads a full-stack global team focused on building awareness, driving growth, and enabling internal and external customers throughout the customer journey. Nicole is a “Scale Up” marketing expert with deep expertise in GTM strategy, product marketing, and account-based initiatives. She has held leadership roles at Qualtrics, Smartsheet, Citrix, and SOCi—where she most recently led the launch of the world’s first CoMarketing Cloud, an AI-powered local marketing platform. She is known for creating scalable marketing organizations that align cross-functional teams around common goals, maximizing resources and results. As a customer-first innovator, she leverages data and insights to shape clear and compelling messaging in complex, competitive markets. Nicole is also a passionate advocate for new moms in the workplace and women in tech. Outside of work, she’s a runner, reader, and imaginative mom to two young children.

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Smartcat, the enterprise language AI platform, has made waves in the business and tech world after securing $43 million in Series C funding, with coverage by major outlets such as TechCrunch, PR Newswire, Silicon Angle, CityBiz, FinSMEs, Fortune, WSJ Pro, Strictly VC, and Axios.

Series C Funding and Media Coverage

This funding round, led by Left Lane Capital, will help drive Smartcat’s rapid expansion and solidify its position as a leader in AI multilingual content generation and translation solutions. The extensive media coverage underscores the significance of this funding, highlighting Smartcat's growing influence in the enterprise AI market.

A Pioneer in AI Solutions for the Global Enterprise

The Series C funding comes at a critical time as global enterprises increasingly rely on AI solutions to scale their operations across multiple languages. Smartcat’s platform, which combines advanced AI translation with multilingual content creation, provides an essential service for companies aiming to globalize their content quickly and efficiently. With over 1,000 enterprise customers, including 20% of the Fortune 500, Smartcat’s AI platform has proven to be a game-changer for corporations that need to deliver content in multiple languages.

Cost and Efficiency Benefits

According to the press release, Smartcat’s intuitive platform enables enterprises to produce multilingual content at a fraction of the cost and time compared to traditional methods. By integrating AI and collaborative workflows, Smartcat ensures rapid turnaround times, higher content quality, and a significant return on investment. Many companies report being able to create ten times more multilingual content within the same budget, which has dramatically accelerated their global operations.

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.”

Ivan Smolnikov

Ivan Smolnikov

CEO & Founder at Smartcat

Read more on PR Newswire

Advances in AI Video Translation and Dubbing

One of the key innovations Smartcat brings to the market is its full-cycle AI video translation and dubbing solution, which many enterprise clients have already adopted. This solution allows organizations to translate video content quickly, helping them communicate more effectively with global audiences.

AI-Driven Learning Content Creation

Smartcat also introduced an AI learning content creation tool that empowers Learning & Development teams to produce a wide range of content—such as courses, microlearnings, and videos—in any language. This AI-driven approach helps global teams meet the ever-growing demand for multilingual learning without straining resources.

Automation, Scalability and the World’s Largest Subject Matter Expert Linguist Pool

The significance of Smartcat’s innovation lies in its ability to automate and streamline processes that previously required extensive human labor and time. By continuously learning from an enterprise’s existing content and adapting to specific needs, Smartcat’s AI improves with each project, making it a highly adaptive and scalable solution.

The platform also offers instant access to Smartcat Marketplace, the world’s largest proprietary network of human reviewers, numbering over 500,000 subject-matter-experts. Companies can assign human expert reviewers in seconds with AI matching, for AI content creation or AI translation review and refinement, even during high-demand periods.

Smartcat's high-quality AI translation, collaborative workflows, and proprietary network of human editors has transformed our global operations.
We now get superior translated content in hours instead of months and for a fraction of the cost compared to our previously outsourced solution.

Mark Stauffer

Mark Stauffer

Senior Learning and Development Manager at Brink's

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Investor Confidence and Future Growth

Smartcat’s success has not gone unnoticed by investors. Left Lane Capital, a firm with a strong track record of supporting category-defining companies, has expressed confidence in Smartcat’s future.

Managing Partner Vinny Pujji remarked on Smartcat’s strong leadership and early mover advantage in the enterprise AI translation space. The company’s ability to continuously innovate while meeting the demands of global enterprises positions it for sustained growth in the rapidly evolving AI market.

Future Plans and Vision

With the additional funding, Smartcat is poised to accelerate the development of its AI capabilities and expand its product offerings to meet the diverse needs of global teams. The company’s vision of being the preeminent comprehensive enterprise language AI solution is not just about translation but about empowering teams to generate, translate, and manage content across multiple languages efficiently.

Harness the power of Smartcat Language AI content generation and translation
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