Lilt

Overview
News
Natural Language Processing Tools?
Product stageSegments
Growth
?
Automated translation
?

Lilt is an AI-powered enterprise translation platform founded in 2015. The company's core technology is its Contextual AI Engine, which uses in-context learning and deep learning neural networks to provide predictive translation suggestions that improve over time. Lilt's platform combines this AI engine with human translators to deliver high-quality, efficient translations for marketing, legal, product, and other enterprise content. The system allows translators to accept, modify or reject AI-generated translations, enabling a human-in-the-loop approach that is 3-5x faster than traditional methods while reducing costs by up to 50%. As of March 2023, Lilt's Contextual AI Engine outperformed both Google Translate and GPT-4 on accuracy for many enterprise use cases. The company's platform supports around 40 languages and includes features like custom term bases, style guides, and integrations with business systems like Slack, WordPress, and Salesforce. In December 2023, Lilt expanded its capabilities to include multimodal translation of images, audio, PDFs and video files directly within its platform.

Key customers and partnerships

Lilt's client base includes major companies like Intel, ASICS, WalkMe, Canva, UiPath, and Juniper Networks. For example, ASICS Digital uses Lilt to translate approximately one million words annually across 12 languages for its RunKeeper app and other digital products. Intel reported reducing translation costs by 40% through using Lilt's AI-powered services. The company has also formed partnerships with government agencies.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2200 Powell Street Suite 900 Emeryville CA USA
Founded year:
2015
Employees:
251-500
IPO status:
Private
Total funding:
USD 92.5 mn
Last Funding:
USD 55.0 mn (Series C; Apr 2022)
Last valuation:
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Company profile
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