About Lingotek
Lingotek is a company based in Lehi (United States) founded in 2006 was acquired by Straker Translations in January 2021.. Lingotek has raised $7.45 million across 6 funding rounds from investors including Flywheel Ventures, Canopy and In-Q-Tel. Lingotek offers products and services including Translation Management System, Professional Translation Service, and Business Platform Integrations. Lingotek operates in a competitive market with competitors including Smartling, Trint, Cloudwords, Localize and KUDO, among others.
- Headquarter Lehi, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lingotek, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.45 M (USD)
in 6 rounds
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Latest Funding Round
$2.4 M (USD), Series B
Feb 01, 2012
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Investors
Flywheel Ventures
& 3 more
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Employee Count
Employee Count
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Acquired by
Straker Translations
(Jan 12, 2021)
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Products & Services of Lingotek
Lingotek offers a comprehensive portfolio of products and services, including Translation Management System, Professional Translation Service, and Business Platform Integrations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based tool for managing and automating translations
Network of linguists for high-quality content localization
API-driven connectors for real-time translation in applications
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Funding Insights of Lingotek
Lingotek has successfully raised a total of $7.45M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $2.4 million completed in February 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $2.4M
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First Round
First Round
(01 Jun 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2012 | Amount | Series B - Lingotek | Valuation |
investors |
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| Jun, 2010 | Amount | Series B - Lingotek | Valuation |
investors |
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| Jul, 2009 | Amount | Series B - Lingotek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lingotek
Lingotek has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Flywheel Ventures, Canopy and In-Q-Tel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Flywheel Ventures is focused on building innovative global solutions.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Canopy Properties is engaged in leasing tech business campuses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lingotek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lingotek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lingotek Comparisons
Competitors of Lingotek
Lingotek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Smartling, Trint, Cloudwords, Localize and KUDO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Translation and localization solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
AI-driven transcription of audio and video files is provided.
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| domain | founded_year | HQ Location |
Translation platform and vendor marketplace for corporate content are provided.
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| domain | founded_year | HQ Location |
Provider a cloud-based tool and java-script library for localizing and translating content
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| domain | founded_year | HQ Location |
Real-time language interpretation is enabled via a multilingual video platform.
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| domain | founded_year | HQ Location |
Cloud-based translation platform is provided for localization needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lingotek
Frequently Asked Questions about Lingotek
When was Lingotek founded?
Lingotek was founded in 2006.
Where is Lingotek located?
Lingotek is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Is Lingotek a funded company?
Lingotek is a funded company, having raised a total of $7.45M across 6 funding rounds to date.
What does Lingotek do?
Founded in 2006 and based in Lehi, United States, Lingotek operates in the SaaS translation sector. A cloud-based platform is offered, integrating content management system modules with translation management tools and a services network. Translators are selected by clients from employees, outsourcing, or crowdsourcing options, while workflows are managed online. Browser-based interfaces are utilized by translators, granting access to glossaries, style guides, and centralized translation memory for production tasks.
Who are the top competitors of Lingotek?
What products or services does Lingotek offer?
Lingotek offers Translation Management System, Professional Translation Service, and Business Platform Integrations.
Who are Lingotek's investors?
Lingotek has 4 investors. Key investors include Flywheel Ventures, Canopy, In-Q-Tel, and Straker.AI.