LitLingo, which makes specialized software that allows businesses to monitor and correct real-time communications, announced that it has raised $7.5 million.
Breyer Capital led the Series A round of funding with participation from former IBM CEO Sam Palmisano and existing investors LiveOak Venture Partners, Clarke Nobiletti and James Marsico.
To date, LitLingo has raised $9.5 million. It raised $2 million last August. LitLingo’s Co-Founders Kevin Brinig and Todd Sifleet met at Uber in San Francisco. They both moved to Austin and launched LitLingo in January of 2019.
The Austin-based startup employs artificial intelligence and natural language processing databases to help organizations communicate more effectively. LitLingo integrates with Slack, Zendesk, Gmail and Office 365.
The aim of LitLingo’s software is to help organizations communicate effectively and reduce litigation, compliance, and other problems. The software can flag questionable language in a real-time message before it is sent. LitLingo can also block message transmission and alert compliance teams for review.
“LitLingo is an incredibly valuable tool in our new hybrid workplaces and positioned to be one of the most important players in the digital communications analysis and management space,” Jim Breyer, Founder and CEO of Breyer Capital said in a news release.
“LitLingo is reimagining how we build culture and mitigate risk,” Sam Palmisano, Chairman of the Center for Global Enterprise and former CEO and Chairman of IBM said in a news release. “We have all seen the impact a few badly written emails can have on an organization. Yet, traditional approaches to compliance and risk mitigation are outdated, reactive, expensive, and hard to scale across large enterprises. LitLingo is a unique platform providing critical value to employees and organizations of all sizes.”
“LitLingo leverages artificial intelligence to proactively help good people avoid bad mistakes in the workplace and to help leaders foster a better workplace overall,” said Brinig, LitLingo CEO.
LitLingo plans to use the venture capital to hire key employees and double its headcount over the next 12 months at its Austin headquarters and remotely. Also, the company plans to spend money on product enhancements.
