Smartcat has been focused on language AI from the start, so when generative AI emerged, it opened up even more opportunities to create valuable use cases.
The round was oversubscribed, and it also became clear that investors had cooled down after the initial AI hype and were looking beyond AI storytelling for solid proof of high ROI for enterprise customers.
Smartcat provides businesses with AI-generated translation services for written and spoken documents, allowing them to translate corporate content into more than 280 languages.
The startup's cloud-based program not only facilitates translation but also assists companies in hiring human translators and managing their work and payment.
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