Lengoo 20m Seriescoldeweytechcrunch – Berlin-based language technology start-up, Lengoo, has raised $20 million in a recent Series C funding round, led by Earlybird and joined by existing investors such as Partech, Point Nine Capital, and Picus Capital. The new funding will be used to scale up Lengoo’s operations, including expanding its team and investing in technology, as the company aims to become the leading provider of AI-powered language services in Europe.
Founded in 2015, Lengoo offers an AI-powered language service platform that enables businesses to communicate with customers in multiple languages, helping them to expand globally. The platform uses cutting-edge machine learning technology to translate content in real-time, delivering high-quality translations that are culturally relevant and accurate. Lengoo’s services are designed to be fast, flexible, and cost-effective, making it possible for businesses of all sizes to communicate with customers in multiple languages. Lengoo 20m Seriescoldeweytechcrunch
The company’s innovative approach to language services has attracted a growing number of clients from a range of industries, including tech, finance, and e-commerce. With its unique combination of AI and human expertise, Lengoo is helping businesses to overcome language barriers and reach new audiences around the world. Lengoo 20m Seriescoldeweytechcrunch
Lengoo’s platform is built on a unique combination of AI and human expertise, which ensures that translations are not only accurate but also culturally relevant. The company employs a team of experienced linguists and language experts who work closely with its AI algorithms to provide high-quality translations that are tailored to each client’s specific needs. This approach has proven to be highly effective, with Lengoo’s clients reporting improved customer engagement, increased sales, and faster time-to-market for their products and services. Lengoo 20m Seriescoldeweytechcrunch
The language technology market is growing rapidly, with the global market size expected to reach $40 billion by 2026, according to a recent report by ResearchAndMarkets. As more businesses look to expand into new markets, the demand for high-quality language services is increasing. Lengoo is well-positioned to capture this growing market, with its innovative platform and strong reputation for delivering high-quality translations. Lengoo 20m Seriescoldeweytechcrunch
Lengoo’s Series C funding round comes at a time of rapid growth for the company, which has seen its revenue increase by more than 200% in the past year. The company has also expanded its team, with more than 50 employees now working in its Berlin headquarters and offices in several other countries. With its new funding, Lengoo is well-positioned to continue its growth trajectory, helping businesses to communicate with customers in multiple languages and reach new audiences around the world. Lengoo 20m Seriescoldeweytechcrunch
Conclusion
In conclusion, Lengoo’s recent $20 million Series C funding round is a testament to the growing demand for high-quality language services and the company’s innovative approach to providing them. With its unique combination of AI and human expertise, Lengoo is helping businesses to overcome language barriers and reach new audiences around the world. As the global demand for language services continues to grow, Lengoo is well-positioned to become the leading provider of AI-powered language services in Europe and beyond. Lengoo 20m Seriescoldeweytechcrunch
