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Smartling says it plans to hire around a hundred new employees next year

Smartling says it plans to hire around a hundred new employees next year

Cloud-based enterprise translation software company Smartling announced this week that it has raised $24m in series C funding, which the company says will help accelerate the company’s international expansion.

The latest round of funding was led by Tenaya Capital, a venture capital firm targeting early growth startups, and Harmony Partners, both new investors in the company. Previous investors Venrock, U.S. Venture Partners, IDG Ventures, First Round Capital, and Felicis Ventures.

Smartling offers translation software as a service, acting as a kind of project management suite that links up a variety of translation services with a collaborative, cloud-based environment, all held together by a workflow manager that automates what are generally manual tasks. It’s generally used to translate dynamic websites, web and mobile applications.

The company was founded in 2009 and sought to shake up the enterprise-focused translation service landscape, an area the company’s founder and chief executive officer Jack Welde says has been dominated largely by on-premise solutions.

“Smartling is the only significant SaaS company in a space traditionally dominated by service agencies and decades-old, on-prem software,” Welde said. “Our SaaS financial metrics are exemplary, consistent with fastest growing software-as-a-service companies. We are delighted to be answering the need for rapid translation and localization of digital content with a superior technology solution for both large enterprises and the fastest moving high tech companies.”

Mark Lotke, a partner with Harmony Partners – one of Smartling’s new investors said that the company is beginning to transform what is largely a manual language services industry. “Smartling’s cloud-based platform, transparent workflows, and contextual editing capabilities make its software a disruptive force in the language services industry,” he added. The company has tripled revenue in the past year and doubled its headcount, and Welde says the new funds will go towards hiring about a hundred new employees in 2014.

The latest round of funding brings the company’s total amount secured to $38.1 million; Smartling received $4.1 million in 2009 and $10 million in 2011.

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