# SmartCAT Platform

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartcat-platform

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.smartcat.com/
- Total disclosed funding: $65M
- Latest round: Series C (Sep 10, 2024)
- Investors on record: 5

## About

Based in Massachusetts, US, and founded in 2016, SmartCAT Platform Inc. develops a cloud platform for translation automation. As of 2023, the company is headed by its CEO Ivan Smolnikov. In June 2018, the firm raised USD 6.976 million in Series A funding led by investor Matrix Partners, with participation from other investors. The company offers a wide range of products such as AI translation, payment automation, linguist marketplace, advanced CAT tool, website translator, and integration. The firm solution range includes localize software, localize e-learning, hire translators, translate file, translate video, and localize websites. In September 2024, new investor Left Lane Capital led USD 43 million in series C funding for SmartCAT Platform Inc.

The company plans to use the September 2024 funding to enhance its artificial intelligence technology.

## Funding rounds

- Series C, Sep 10, 2024, $43M — Matrix Partners, Lead Edge Capital, FJ Labs, Left Lane Capital, Marbruck Investments
- Series B, Aug 20, 2020, $15M — Matrix Partners
- Series A, Jun 13, 2018, $7M — Matrix Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A, Series B, Series C
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series C
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series C
- Left Lane Capital (https://capitalatlas.ai/funds/left-lane-capital) — Series C
- Marbruck Investments (https://capitalatlas.ai/funds/marbruck-investments) — Series C