Lilt, a San Francisco-based leading global experience platform, announced that it raised $55 million in Series C funding, bringing the company’s total raised to $92.5 million.
The round was led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures, and Wipro Ventures, and with participation from existing investors Sequoia Capital, Intel Capital, Redpoint Ventures, and XSeed Capital.
The company plans to expand its research and product development, international footprint, and team with the new funding.
Company: Lilt, Inc.
Raised: $55.0M
Round: Series C
Funding Month: April 2022
Lead Investors: Four Rivers
Additional Investors: Sorenson Capital, CLEAR Ventures, Wipro Ventures, Sequoia Capital, Intel Capital, Redpoint Ventures, and XSeed Capital
Company Website: https://lilt.com/
Software Category: AI-powered Translation Software
About the Company: Co-founded by Spence Green and John DeNero in 2015, Lilt is the leading global experience platform, enabling organizations to build and deliver multilingual experiences at scale across every step of the global customer journey through its translation technology and services. The Lilt Platform uses AI and automation to make the localization process faster, better, and simpler, bringing human-powered, technology-assisted translations to global enterprises. Lilt gives industry-leading organizations like Intel, ASICS, Emerson, UIPath, and Canva everything they need to scale their global experience programs and go to market faster. Headquartered in San Francisco, Lilt has additional global offices across North America, Europe, and Asia.
Source: https://labs.lilt.com/lilt-raises-55-million-series-c-to-scale-vision-for-global-experience