A dozen companies have chipped in to develop an open-source, cloud-based translation productivity tool (aka CAT tool). On September 13, 2016, thetranslate5 project closed a second financing round among supporters, bringing the total raised to EUR 40,000.

“More than half of the funds have already been spent,” says Marc Mittag, lead developer and the driving force behind the project, when he discussed the project with Slator. Prior to starting his own firm in 2009, Mittag was with German-based language service provider (LSP) Transline. More.

See: Slator

Subscribe to the translation news daily digest here. See more translation news.