Translation investment analysis. Unbabel closes a €19M round.
01/02/2018
Diego Gutiérrez
Translation investment analysis. Unbabel closes a €19M round.

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.

About Unbabel

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.

 

Unbabel closes €19M investment round

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).

 

Main investment rounds in Translation

 

RankingCountryNo. of companies
1USA556
2United Kingdom102
3Canada28
4Australia25
5Ireland25
6India19
7Israel16
8Switzerland15
9Netherlands14
10France13
...Rest227

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If you are 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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