Smartcat secures $43M for its AI-powered translation platform | TechCrunch
Briefly

AI translations may be accurate, but they often lack the richness and depth of human translations, primarily due to AI's probabilistic model.
Smartcat has over 1,000 corporate customers, including 20% of the Fortune 500, proving that the demand for AI translation tools is significant.
Smolnikov founded Smartcat to modernize the traditional translation agency model, aiming to streamline the supply chain through AI technology.
While Smartcat offers translation services across 280 languages, they focus more on providing tools and managed services rather than training AI models.
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