SmartCAT , has secured $ 2.8 m in funding from Russian fund RedSeed to support its international expansion . It had developed a cloud platform for translation as an in - house project for the Russian software publisher ABBYY , but will now spin off as its own company based in California after its beta version proved successful . This post first appeared on East-West Digital News. The company shares translation memories , glossaries and advanced AI algorithms with its professional partners to support translation of 70 languages more accurately .
SmartCAT , has secured $ 2.8 m in funding from Russian fund RedSeed to support its international expansion . It had developed a cloud platform for translation as an in - house project for the Russian software publisher ABBYY , but will now spin off as its own company based in California after its beta version proved successful . The company shares translation memories , glossaries and advanced AI algorithms with its professional partners to support translation of 70 languages more accurately .