Inaugural listing demonstrates LILT's
multi-year market traction and growth
NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Inc. revealed today
that LILT, the leading AI solution for enterprise translation and
content creation, ranks No. 2996 on the 2024 Inc. 5000, its annual
list of the fastest-growing private companies in America. The
prestigious ranking provides a data-driven look at the most
successful companies within the economy's most dynamic segment—its
independent, entrepreneurial businesses. Microsoft, Meta, Chobani,
Under Armour, Timberland, Oracle, Patagonia, and many other
household-name brands gained their first national exposure as
honorees on the Inc. 5000.
"To be listed on the Inc. 5000 for the
first time reflects recent momentum we've experienced." - LILT CEO
Spence Green
"To be listed on the Inc. 5000 for the first time reflects
recent momentum we've experienced," said Spence Green, CEO and co-founder of LILT. "It is
an exciting moment for us as it underscores our commitment to
growth and excellence. We are grateful to our customers and
partners for their unwavering support, and we look forward to
building on this success as we scale our next-generation
solution."
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year's top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year's Inc. 5000 companies have added 874,458 jobs to the
economy over the past three years.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "To see all of the
intriguing and surprising ways that companies are transforming
sectors, from health care and AI to apparel and pet food, is
fascinating for me as a journalist and storyteller. Congratulations
to this year's honorees, as well, for growing their businesses fast
despite the economic disruption we all faced over the past three
years, from supply chain woes to inflation to changes in the
workforce."
On a mission to make the world's information available
irrespective of where you're born or what language you speak, LILT
is working towards a world in which language is no longer a barrier
to opportunity. As the volume of available global content grows
exponentially, LILT enables leading enterprises and public sector
organizations to scale and optimize their enterprise-grade
translation and content creation with an AI-powered,
next-generation solution.
About LILT
LILT is the leading AI solution for
enterprise translations. Our stack, made up of our Contextual AI
Engine, Connector APIs, and human feedback, enables global
organizations to adopt a next-generation AI translation strategy.
With LILT, innovative, category-defining organizations like Intel,
ASICS, WalkMe, and Canva are using AI technology to deliver
multilingual, digital customer experiences at scale.
Visit us at lilt.com or contact us at contact@lilt.com.
More about the Inc. 5000 Methodology
Companies on the
2024 Inc. 5000 are ranked according to percentage revenue growth
from 2020 to 2023. To qualify, companies must have been founded and
generating revenue by March 31, 2020.
They must be U.S.-based, privately held, for-profit, and
independent—not subsidiaries or divisions of other companies—as of
December 31, 2023. (Since then, some
on the list may have gone public or been acquired.) The minimum
revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the
right to decline applicants for subjective reasons. Growth rates
used to determine company rankings were calculated to four decimal
places.
About Inc.
Inc. Business Media is the leading
multimedia brand for entrepreneurs. Through its journalism,
Inc. aims to inform, educate, and elevate the profile of our
community: the risk-takers, the innovators, and the ultra-driven
go-getters who are creating our future. Inc.'s award-winning
work achieves a monthly brand footprint of more than 40 million
across a variety of channels, including events, print, digital,
video, podcasts, newsletters, and social media. Its proprietary
Inc. 5000 list, produced every year since its launch as the Inc.
100 in 1982, analyzes company data to rank the fastest-growing
privately held businesses in the United
States. The recognition that comes with inclusion on this
and other prestigious Inc. lists, such as Female Founders
and Power Partners, gives the founders of top businesses the
opportunity to engage with an exclusive community of their peers,
and credibility that helps them drive sales and recruit talent. For
more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in
Palm Desert, California, please
visit http://conference.inc.com/.
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SOURCE LILT