Lokalise

Automated translation and localization services

Dover, Delaware, United States

About Lokalise

Lokalise provides automated translation and localization services using artificial intelligence. Its platform is designed for software developers, product managers, and businesses aiming to reach global markets by engaging customers in their native languages. Users can collaborate on localization projects, assign tasks, and track progress, which streamlines the workflow. Lokalise operates on a subscription model, offering a 14-day trial without requiring a credit card. The service includes tools like translation memory and quality assurance checks, and integrates with platforms such as GitHub and Jira, making it easy for developers to implement localization. The company aims to help businesses save costs and enter new markets efficiently, while its cloud software is trusted by many leading brands.

Dover, DelawareHeadquarters
2017Year Founded
$114.5MTotal Funding
LATE_VCCompany Stage
Enterprise Software, AI & Machine LearningIndustries
201-500Employees

Benefits

Health Insurance
Stock Options
Remote Work Options
Flexible Work Hours
Unlimited Paid Time Off
Professional Development Budget
Wellness Program
Mental Health Support

Risks

Intense competition from AI tools like OpenAI's ChatGPT and Google's Bard.
Dependence on partnerships like Storyblok may limit market flexibility.
Pressure from recent investment could lead to strategic missteps or overextension.

Differentiation

Lokalise offers a cloud-based platform for seamless translation and localization collaboration.
The company integrates with major platforms like GitHub, Bitbucket, and Jira for workflow efficiency.
Lokalise's AI-powered tools enhance translation quality with machine translation and quality assurance checks.

Upsides

Growing demand for AI-driven localization tools boosts Lokalise's market potential.
Recent $61 million investment supports product development and market expansion.
Lokalise AI, powered by GPT-4, positions the company as a leader in AI translation.

Funding

Total raised$114.48 M
Latest valuation$308.15 M
StageLATE_VC