Lingotek Gets $1.6M

Provo, Utah-based Lingotek announced today that it has raised $1.6M in a second round of funding. The Series A-2 financing came from Canopy Ventures, which led the round, along with Flywheel Ventures, a prior investor in the firm. Lingotek is developing meaning-based translation software. The funding will go towards the firm's sales and marketing efforts. More information »