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
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
Phone
Undisclosed
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
Lilt LinkedIn Company Profile
Social Media
Lilt Company Twitter Account
Company News
Lilt News
Facebook
Lilt on Facebook
YouTube
Lilt on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Spence Green
  Spence Green LinkedIn Profile  Spence Green Twitter Account  Spence Green News  Spence Green on Facebook
Chief Scientific Officer
John DeNero
  John DeNero LinkedIn Profile  John DeNero Twitter Account  John DeNero News  John DeNero on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/13/2020: Ziva Dynamics venture capital transaction
Next: 5/13/2020: Modulus Discovery venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to report on every notable VC transaction. VC transactions reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary