Lokalise Explained

Lokalise
Type:Private
Industry:Translation and localization
Founded: in Riga, Latvia
Founders:Nick Ustinov and Petr Antropov
Key People:Sophie Krishnan (CEO)
Hq Location Country:Fully remote
Num Employees:250+
Num Employees Year:2022

Lokalise is a cloud-based localization and translation management system[1] for agile teams. The company was founded in Riga, Latvia, and is a distributed company; all employees are remote workers. It has over 300 employees from over 25 countries.[2]

History

Lokalise was founded in 2017 by Nick Ustinov and Petr Antropov.[3] In 2020, the company raised its first funds, reaching $6M in a series A round[4] after bootstrapping for the 3 years following its foundation.[5]

The founders decided to raise external capital to accelerate company growth. After raising one of the largest first-time investments for a Latvian-founded startup company,[6] Lokalise went fully remote.

Since 2020, Nick Ustinov has been a member of the Forbes Technology Council.[7]

In 2020, the company was named one of the top 100 European cloud companies valued under $1B by Accel.[8]

In 2021, Sifted included Lokalise in the list of VC's 21 European SaaS startups to boom in 2021. The list was compiled by Bill Leaver from Sifted after consulting with industry leaders such as Evgenia Plotnikova, Ben Blume, Itxaso del Palacio, Carlos Gonzalez-Cadenas, and Dhruv Jain.[9]

In the autumn of 2023, Nick Ustinov formally announced his transition to the role of Chief Innovation Officer, while Sophie Krishnan assumed the position of CEO.[10]

Product

The software was designed primarily "for tech-driven teams managing iOS, Android apps, web, games, IoT or digital content, and software in general". It has been recognized for its "web-based collaborative editor, cross-platform projects and localization keys, automatic screenshot matching, numerous integration options, and plugins," as well as its time-saving features.[11] Typical users include developers, product, project, and localization managers, designers,[12] marketers, translators, and content managers.[13] [14]

As of autumn 2023, Lokalise has expanded its global customer base to 3,000,[15] originally serving over 2,000 clients from 80 countries.[16] Some notable customer names include Amazon, Gojek, Depositphotos,[17] Revolut,[18] [19] [20] Yelp, Virgin Mobile,[21] and Notion.[22]

External links

Notes and References

  1. Web site: Top 10 Translation Management Systems To Lead Your Team . SandVox . Roxanne . 2021-09-29 .
  2. Web site: FinSMEs . 2020-09-07 . Lokalise Raises $6M in Series A Funding . 2023-01-29 . FinSMEs . en-US.
  3. Web site: Building An In-House Solution Vs. Buying Software: Pros And Cons To Consider . 2021-08-02 . . 2021-07-29.
  4. Web site: Localization SaaS Startup Lokalise Raises USD 6m in Series A . Slator . 2021-06-02 . 2020-09-08 . Faes, Florian.
  5. Web site: Bootstrapping Isn't For Everybody, But Is It For You? . . 2021-06-03 . 2020-02-12 . Ustinov, Nick.
  6. Web site: Riga-based translation startup Lokalise raises €5 million to hire top talent, and goes fully remote . EU startups . 2021-06-02 . 2020-09-07 . Tucker, Charlotte.
  7. Web site: Nick Ustinov — Forbes Councils . . 2021-06-02.
  8. Web site: Accel euroscape . . 2021-06-02.
  9. Web site: 21 European SaaS startups set to boom in 2021, predicted by VCs . Sifted . 2021-06-07 . Leaver, Bill . 2021-02-25.
  10. Web site: Lokalise starts a new chapter with a new CEO . Ustinov, Nick . 2023-10-13 . en . Lokalise.
  11. Web site: Latvian startups to watch: 3D printed casts, crypto inheritances, and a tiny manned aircraft . The Next Web . 2018-02-01 . 2021-06-02.
  12. Web site: Lokalise for Adobe XD: Create multilingual designs and streamline translation management . . 2021-06-02 . 2020-08-28 . Yu, Jack.
  13. Web site: Integrating Storyblok with Lokalise . Storyblok . 2021-06-03 . 2021-05-10 . Bodrov-Krukowski, Ilya.
  14. Web site: Implementing Product Localization for International Markets . . 2024-03-04 . 2023-05-10 . Krukowski, Ilya . en .
  15. Web site: A new era of localization begins with Lokalise AI . Lokalise . 2024-03-04 . 2023-09-14 . Wolff, Rachel . en .
  16. Web site: Q&A with Lokalise: Optimizing your Localization Process with the Right Collaborative Platform . . 2021-06-02 . 2020-12-23 . Community Team.
  17. Web site: Integration of Lokalise service into the largest photobank in the world: Depositphotos experience . Sudonull . 2021-06-02 . 2017-09-07.
  18. Web site: Revolut Credits 186% User Growth to Localizing App to 31 New Markets . . 2021-06-11 . 2021-06-29.
  19. Web site: 10 латвийских стартапов, которыми можно гордиться . Delfi.lv . 2021-06-02 . 2019-08-14 . ru.
  20. Web site: Revolut Credits 186% User Growth to Localizing App to 31 New Markets . FintechF . 2021-06-08 . 2021-06-08.
  21. Web site: Латвийский стартап Lokalise привлёк $6 млн . BB.lv . 2021-06-02 . 2020-09-08 . ru.
  22. Web site: Lokalise raises $6 million to make it easier to localize your product . . 2021-06-02 . 2020-09-07 . Dillet, Romain.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Lokalise".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.