Tech Company Financing Transactions
Lilt Funding Round
Four Rivers Partners, Clear Ventures and Intel Capital joined a $55 million Series C funding round for Lilt. The financing round was announced on 4/7/2022.
Transaction Overview
Company Name
Announced On
4/7/2022
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Series C
Investors
Four Rivers Partners (Lead Investor) (Farouk Ladha)
Intel Capital (Mark Rostick)
Proceeds Purpose
This new capital will help us improve service to customers and accelerate growth.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
550 15th St.
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Overview
We started Lilt to increase information access. Human translators can guarantee quality, but are comparatively slow and expensive. Machine translation is fast and cheap, but quality ranges from surprisingly good to comically bad. Somewhere between these two extremes is a human+machine partnership that can produce good translation quickly.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Spence Green
Chief Scientific Officer
John DeNero
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