Tech Company Financing Transactions
Lilt Funding Round
Intel Capital, In-Q-Tel and Redpoint Ventures participated in a $25 million Series B venture round for Lilt. The round was announced on 5/13/2020.
Transaction Overview
Company Name
Announced On
5/13/2020
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Intel Capital (Lead Investor) (Mark Rostick)
Proceeds Purpose
The round will help fund additional development in the company's enterprise translation software and further research in its natural language processing technology, as well as accelerate its go-to-market strategy.
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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