Description of Deal / Summary:
Lingotek, the leader in collaborative translation technology, announced a strategic investment, work development, and licensing program with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the missions of the Central Intelligence Agency and the broader U.S. Intelligence Community. This agreement will fund the development and enhancement of new translation solutions, including breakthrough global collaboration translation technology.
The In-Q-Tel investment is also part of a Series B funding round, with participation by Flywheel Ventures and Canopy Ventures. The funds will be used to expand business operations, distribution, and further develop Lingotek's language technology capabilities.