^ 'Smartcat Raises USD 2.8m Seed Round From Russian VC → '.^ a b 'Why we don't count seats: On Licenses, Monkeys, and Cognitive Biases - The Smartcat Blog'.As of September 2020, there has been two runs of the event, each attracting around 2000 live attendees and featuring around 30 speakers. The conference is mostly focused on translation buyers and agencies and deals with up-and-coming challenges of the language industry. Smartcat is the organizer of the #LocFromHome online language industry conference. The platform also supports SDL Trados packages, which allows users to work on projects originally intended for SDL Trados, including generation of return packages to be further handled in Trados. Smartcat’s built-in CAT editor supports 70+ input formats, including text documents, presentations, spreadsheets, scanned documents and images (including a paid OCR service), HTML pages, resource files, industry-standard bilingual formats, and others. Automated payments: sending bulk payments via a single invoice to any number of vendors in any location.Management: having control over the process by tracking progress, reassigning vendors, etc.Scalability: sourcing new translation vendors if and when the need arises,.Translation: actually executing the translation job,.Connectivity: interconnecting the content production and translation environments,.The connected translation model is made up of five key concepts: connectivity, translation, scalability, management, and automated payments: Since early 2019, Smartcat has been using the term Connected Translation to refer to a connected localization ecosystem where businesses, agencies, and translators are combinedinto one content delivery loop. Smartcat also offers paid subscriptions with some additional features, as well as vendor management and localization engineering support. Instead, Smartcat’s monetization is primarily based on a percentage-based service fee on top of vendors’ own rates. Unlike most industry tools, Smartcat does not charge for user-based licenses, because it believes that counting seats just doesn’t fit in the translation business, where more than 90% of users in companies are freelancers and a varying number of them collaborate on projects on a daily basis.” For example, it allows translation agencies and LSPs to manage their businesses, including everything from searching for new vendors to managing international teams and centralizing international payments. It is an all-in-one translation platform connecting businesses and translation professionals while offering additional services like payment automation, a combination the company brands as “Connected Translation”.

Īlthough Smartcat has an in-built CAT tool that helps translators work faster and more efficiently, its reach and functionality are much broader than that of a CAT tool. The main reasons for the separation were that the 'translation automation business turned out to be far from complementary to the services of language services providers' and that “some translation companies had been wary of using a service developed by a competitor.” Īs of September 2020, the platform has more than 350,000 freelancers in its marketplace and provides an “app store” that allows users to integrate their Smartcat account with third-party tools. ABBYY LS’s founder and CEO Ivan Smolnikov also left the company to fully focus on Smartcat. In 2016, Smartcat spun out of ABBYY LS to become a separate company and attracted $2.8 million in investments from Ilya Shirokov (ex- CEO at Odnoklassniki and founder of Yandex-acquired social network ). The impetus for its development was that ABBYY LS had “felt constrained by translation technologies that had existed for the last 15 years” and wanted an 'intuitive, cloud-based, scalable, and powerful' solution that would let them manage projects with dozens of collaborators, including project managers, translators, editors, and other professionals.” Smartcat was originally developed as a CAT tool in 2012–2015 as an in-house solution by ABBYY Language Solutions, a linguistic service provider within the ABBYY group of companies.

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