Overview

Lilt provides AI-powered translation services tailored for global businesses that need to translate their products, services, and media content. Their service integrates seamlessly into clients' existing systems, allowing companies to maintain their usual workflows while benefiting from advanced translation technology. Lilt combines its AI solutions with the expertise of skilled linguists who offer real-time feedback to ensure high-quality and consistent translations. This approach has led to significant cost savings for clients, with reports of up to a 40% reduction in translation expenses. Beyond translation, Lilt also engages in discussions about the role of Generative AI in transforming businesses, establishing itself as a thought leader in the AI and business technology sectors. The company's goal is to provide effective translation solutions while helping organizations leverage AI for broader business improvements.

Simplify's Take

What believers are saying

• Growing demand for AI-driven localization tools boosts Lilt's market potential.
• Lilt's Contextual AI Engine outperforms competitors in accuracy, latency, and cost.
• Lilt's new AEM Connector enhances integration with Adobe Experience Manager.

What critics are saying

• Emerging AI translation startups pose a threat to Lilt's market share.
• Rapid AI advancements may challenge Lilt's ability to maintain a competitive edge.
• Data privacy concerns could lead to regulatory challenges for Lilt.

What makes Lilt unique

• Lilt integrates AI translation with existing enterprise systems for seamless user experiences.
• Lilt's AI solution is complemented by skilled linguists for quality assurance.
• Lilt offers a self-service model builder for customized AI translation solutions.

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Funding

Total Funding

$92.5M

Below

Industry Average

Funded Over

5 Rounds

$55,000,000

Series C

Apr 2022

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Meet Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$55M

$62M

$100M

View all funding stages