Smartcat
2024 Revenue
$44.8M
Customers
300
Funding
$28.6M
YOY
54.2%
Avg ACV
$149.4K
Team
321
Churn
12%
Founded
2016
How Smartcat CEO Ivan Smolnikov grew Smartcat to $44.8M revenue and 300 customers in 2024.
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
Smartcat Revenue
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.
| Year | Milestone |
|---|---|
| 2024 | Smartcat Hit $44.8m revenue in October 2024 |
| 2023 | Smartcat Hit $29.1m revenue in December 2023 |
| 2017 | Smartcat Hit $24m revenue in December 2017 |
| 2016 | Launched with $0 revenue |
Smartcat Valuation, Funding Rounds
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 |
|---|---|---|---|---|
| 2020 | Funding round | $2.5M | - | - |
| 2020 | Funding round | $14.6M | - | - |
| 2018 | Funding round | $7M | - | - |
| 2017 | Funding round | $4.5M | - | - |
Smartcat Employees & Team Size
Smartcat employs approximately 321 people as of 2026, up from 137 in 2023.
Smartcat has 321 total employees in different roles and functions and 17 sales reps that carry a quota. They have 300 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Ivan Smolnikov
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | 38 |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Smartcat acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Smartcat
What is Smartcat's revenue?
Smartcat generates $44.8M in revenue.
Who founded Smartcat?
Smartcat was founded by Ivan Smolnikov.
Who is the CEO of Smartcat?
The CEO of Smartcat is Ivan Smolnikov.
How much funding does Smartcat have?
Smartcat raised $28.6M.
How many employees does Smartcat have?
Smartcat has 321 employees.
Where is Smartcat headquarters?
Smartcat is headquartered in Boston, Massachusetts, United States.
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Compare Smartcat to the industry
Smartcat operates across multiple industries. Browse revenue, funding, and growth data for Smartcat in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .