We present the financing rounds that have raised the most capital in recent years in the translation sector. We also give you all the details of the latest investment round led by Portugal's Unbabel, which raised €19M.
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We present the financing rounds that have raised the most capital in recent years in the translation sector. We also give you all the details of the latest investment round led by Portugal's Unbabel, which raised €19M.
Unbabelbased in Lisbon, is a startup that has developed what it describes as a translation platform "powered by artificial intelligence and refined by humans", which makes it more cost-effective to conduct business around the world.
The Portuguese startup uses AI and machine learning technology, enhanced with a network of approximately 55,000 human translators, to power translations across multiple text-based content and communication, such as email, chat, websites and more. Unbabel offers this translation service through an API and integrations with platforms such as Salesforce, Zendesk, WordPress, Mailchimp and other enterprise software.
Unbabel is already used by renowned companies such as Facebook (Oculus), Buzzfeed, Booking.com, Pinterest and Under Armour.
Portuguese company Unbabel, a translation company using artificial intelligence technology and human support, has raised €19M in a Series B funding round.
This round was led by Scale Venture Partners, with participation from Microsoft Ventures, Salesforce Ventures, Samsung Next, Notion Capital, Caixa Capital and Funders Club. Unbabel already closed a first Series A round in 2016, raising $5M of capital.
Unbabel co-founder and CEO Vasco Pedro says the company plans to use the additional capital to further invest in the platform's AI and machine learning features, which have become increasingly important as Unbabel scales.
Another area it plans to strengthen is sales and marketing, something the startup has not focused much on to date (although it has an office in the US dedicated mainly to sales, in addition to its engineering and product headquarters in Portugal).
| Ranking | Country | No. of companies |
|---|---|---|
| 1 | USA | 556 |
| 2 | United Kingdom | 102 |
| 3 | Canada | 28 |
| 4 | Australia | 25 |
| 5 | Ireland | 25 |
| 6 | India | 19 |
| 7 | Israel | 16 |
| 8 | Switzerland | 15 |
| 9 | Netherlands | 14 |
| 10 | France | 13 |
| ... | Rest | 227 |
Investment in the Low-Code sector. OutSystems will invest €10.4M in 2018.
Government earmarks 90 million euros to boost the Language Technologies industry
Yes looking for investors, you want to buy or sell your company or finance your R&D&I project, get in touch with our Corporate Finance experts.
If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.
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