Phrase offers a cloud-based localization suite that centralizes and automates translation and localization workflows across organizations, connecting language service vendors and internal linguistic resources. Its platform includes project workflows, automation, quality assessments, analytics, and access to machine translation engines depending on content sensitivity. The enterprise-grade suite supports 500+ languages, 50+ file types, 30+ machine translation engines and 50+ integrations, and is used by customers such as Uber, Shopify, and Volkswagen. Phrase has more than 300 employees and over 4,500 customers across Europe, Asia‑Pacific, and North America. The company is backed by the Carlyle Group and recently secured a €12m debt financing from CIBC Innovation Banking. Phrase says it will use the funds to further develop the next generation of AI-driven language technology and to capitalise on the high-growth AI market.

Total raised

$29M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Jul 2023