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About Lilt
Industries
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
Series C
Total Funding
$89.4M
Headquarters
San Francisco, California
Founded
2015
Overview
Lilt provides translation services powered by Generative AI, aimed at helping global businesses communicate effectively across different languages. Their service integrates seamlessly into clients' existing systems, allowing companies to use their usual tools without interruption. Lilt's AI technology is enhanced by the expertise of skilled linguists who offer real-time feedback to maintain high-quality 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 business practices, establishing itself as a thought leader in the field. The company's goal is to support enterprises in reaching a wider audience while ensuring efficient and effective communication.
Simplify's Take
What believers are saying
- Growing demand for AI-driven translation services supports Lilt's market expansion.
- Lilt's skilled linguists ensure quality, addressing the focus on AI ethics.
- The rise of AI in content creation offers partnership opportunities for Lilt.
What critics are saying
- Increased competition from platforms like DeepL and Google Translate.
- Potential data privacy concerns with third-party language model integration.
- Economic downturns may reduce enterprise budgets for translation services.
What makes Lilt unique
- Lilt integrates AI-powered translation into existing systems for seamless business operations.
- The company offers a self-service model builder for customized AI solutions.
- Lilt's platform outperforms Google Translate and GPT-4 in accuracy and cost.
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Funding
Total Funding
$89.4M
Below
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Full Healthcare - Employees receive coverage of medical, dental, and vision insurance.
401(k) Matching - We even match a portion of your contributions to help you save for your retirement
Competitive Compensation - We offer top market compensation programs, equity and salary, that grow alongside your impact.
Flexible Time Off - Take the time you need to rest, recharge, and rejuvenate.
Professional Development Budget - Every team has a budget for professional development
International Off-Site - When it's safe to do so, we can't wait to have our global teams reconnect in person
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -3%2 year growth
↓ -3%Lilt, the leading AI solution for enterprise translation, at its third ever AI Day announced the company's latest innovations, including third-party large language model integration in the Contextual AI Engine, self-serve model building and training, and advanced program analytics.
Model Builder Lilt additionally announced its Model Builder, a new management feature within the platform's orchestration layer.
During the 90 minute live virtual event, Lilt announced several new features across multiple layers of the Contextual AI Platform, including:
Lilt, the leading AI solution for enterprise translation, is thrilled to announce the appointment of Rajesh (Raj) Rao, as Chief Financial Officer and Chief Operating Officer.
To solve that problem, Lilt is also introducing AI DataStudio, which empowers companies to build their own language models with an affordable, scalable solution for data creation.
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About Lilt
Industries
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
Series C
Total Funding
$89.4M
Headquarters
San Francisco, California
Founded
2015
Lilt is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today