About Smartcat
Smartcat is a company based in Boston (United States) founded in 2016.. Smartcat has raised $69.96 million across 5 funding rounds from investors including Left Lane Capital, Sova VC and Matrix. Smartcat offers products and services including AI Translation and AI Content Generation.
- Headquarter Boston, United States
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smartcat Platform 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
$69.96 M (USD)
in 5 rounds
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Latest Funding Round
$43.06 M (USD), Series C
Jul 03, 2024
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Investors
Left Lane Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Smartcat
Smartcat offers a comprehensive portfolio of products and services, including AI Translation and AI Content Generation. 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.
AI-powered translations are provided for content in over 280 languages to support global needs.
AI content generation is offered for various formats like websites and software to facilitate international workflows.
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Funding Insights of Smartcat
Smartcat has successfully raised a total of $69.96M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $43.06 million completed in July 2024. 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 5
- Last Round Series C — $43.1M
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First Round
First Round
(09 Aug 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series C - Smartcat | Valuation | Left Lane |
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| Dec, 2020 | Amount | Series B - Smartcat | Valuation | Sova VC |
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| Aug, 2020 | Amount | Series B - Smartcat | Valuation | Matrix |
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| 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 Smartcat
Smartcat has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Left Lane Capital, Sova VC and Matrix. 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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Investments are directed toward high-growth consumer and internet technology companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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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 Smartcat
| 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 - Smartcat
| 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 |
Smartcat Comparisons
Competitors of Smartcat
| 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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Frequently Asked Questions about Smartcat
When was Smartcat founded?
Smartcat was founded in 2016.
Where is Smartcat located?
Smartcat is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Smartcat a funded company?
Smartcat is a funded company, having raised a total of $69.96M across 5 funding rounds to date. The company's 1st funding round was a Series B of $14.6M, raised on Aug 09, 2016.
What does Smartcat do?
Smartcat was established in 2016 and is based in Boston, United States. Translation services are delivered through its domain, smartcat.com, targeting businesses in the language services sector. Operations involve cloud-based tools for content localization and collaboration among translators. Geography centers on the U.S. market, with potential for global reach via digital infrastructure. Core activities emphasize efficient multilingual workflows for corporate clients.
What products or services does Smartcat offer?
Smartcat offers AI Translation and AI Content Generation.
Who are Smartcat's investors?
Smartcat has 4 investors. Key investors include Left Lane Capital, Sova VC, Matrix, and Redseed.