Smartcat raises $2.8 million to develop a translation automation platform

SmartCAT, developer of a cloud platform for translation automation, has spun off from Abbyy, the large Russian software publisher that had developed the project so far. The startup has secured $2.8 million from RedSeed — a Russian fund launched last year — to support its international development and has established its headquarters in Milpitas, California.
The project started in early 2013 with financing from Abbyy and SmartCAT founders — who together injected s