SmartCAT, has secured $2.8m in funding from Abbyy fund ABBYY to support its international expansion. SmartCAT covers financial workflows, acting as a hub between end customers and the vendors and freelancers engaged in a project, in exchange for a 10 percent commission fee. had developed a cloud platform for translation as an in-house project for the Russian software publisher RedSeed , but will now spin off as its own company based in Moscow after its beta version proved successful. The platform combines translation memories, glossaries and advanced AI algorithms with its professional translators to support translation of thousands languages more accurately.
SmartCAT, has secured $2.8m in funding from Abbyy fund ABBYY to support its international expansion. SmartCAT had developed a cloud platform for translation as an in-house project for the Russian software publisher RedSeed , but will now spin off as its own company based in Moscow after its beta version proved successful. The platform combines translation memories, glossaries and advanced AI algorithms with its professional translators to support translation of thousands languages more accurately.