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Smartcat is a cloud-based translation management platform that provides a comprehensive solution for the translation and localization needs of businesses. The platform offers a range of tools and features, including project management, translation memory, terminology management, and quality assurance, that enable businesses to streamline their translation process and improve the quality of their translations. Smartcat's solution is designed to facilitate collaboration between translators and clients, automate manual tasks, and optimize translation workflows, thereby reducing costs and increasing efficiency. The company's mission is to make translation and localization accessible, efficient, and transparent for all businesses, regardless of their size or industry.
Last updated
In 2024, Smartcat's revenue reached $44.8M. The company previously reported $29.1M in 2023. Since its launch in 2016, Smartcat has shown consistent revenue growth.
Smartcat has not publicly disclosed its valuation. The company has raised $28.6M in total funding to date.
Smartcat has raised $28.6M in total funding across 4 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $2.5M | - | - | |
| 2020 | Funding round | $14.6M | - | - | |
| 2018 | Funding round | $7M | - |
Chief Executive Officer, Founder
I ve been creating and leading companies in the field of linguistic technologies and services for more than 15 years now. Since 2016 I ve been entirely focused on building Smartcat.ai the first and only market network for the language industry. Smartcat enables continuous translation delivery by combining a free-to-use collaborative workflow solution a marketplace and a network of translation professionals in a single platform.
| Question | Answer |
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| What's your age? | 38 |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Smartcat serves 300 customers.
Smartcat employs approximately 321 people as of 2026, up from 137 in 2023, including 17 sales reps that carry a quota. It serves 300 customers that rely on its solutions.
Smartcat generates an estimated $44.8M in annual revenue.
Smartcat was founded by Ivan Smolnikov.
The CEO of Smartcat is Ivan Smolnikov.
Smartcat raised $28.6M across 4 rounds.
Smartcat has 321 employees.
Smartcat is headquartered in Boston, Massachusetts, United States.
Smartcat operates across multiple industries. Browse revenue, funding, and growth data for Smartcat in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$44.8M(Est.)
Customers
300
Funding
$28.6M
Avg ACV
$149.4K
Team
321
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | Smartcat Hit $44.8m revenue in October 2024 | Estimated |
| 2023 | Smartcat Hit $29.1m revenue in December 2023 | Estimated |
| 2017 | Smartcat Hit $24m revenue in December 2017 | |
| 2016 | Launched with $0 revenue |
| - |
| 2017 | Funding round | $4.5M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 321 employees (December 2024) | |
| 2024 | Reached 137 employees (October 2024) | |
| 2023 | Reached 137 employees (December 2023) | |
| 2023 | Reached 136 employees (September 2023) | |
| 2023 | Reached 137 employees (July 2023) | |
| 2023 | Reached 130 employees (January 2023) | |
| 2022 | Reached 172 employees (December 2022) | |
| 2022 | Reached 100 employees (January 2022) | |
| 2021 | Reached 141 employees (December 2021) | |
| 2021 | Reached 100 employees (August 2021) | |
| 2020 | Reached 185 employees (December 2020) | |
| 2020 | Reached 177 employees (June 2020) | |
| 2019 | Reached 181 employees (December 2019) | |
| 2018 | Reached 152 employees (December 2018) | |
| 2017 | Reached 65 employees (December 2017) |
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