Lisbon-based translation platform Unbabel raises €55 million Series C | EU-Startups

Funding Rounds

▤ Summary

Lisbon-based Unbabel, a translation platform that combines AI technology with the human element, has raised €55 million in Series C financing. The round was led by Point72 Ventures, along with e.ventures, Greycroft, and Indico Capital Partners, along with previous investors, bringing its total funding to €83 million. Unbabel combines AI with a global community of translators to enable companies to offer multilingual customer service – no matter where they are base or what language their agents speak. Major brands such as Microsoft, Booking.com, Facebook, and easyJet have integrated Unbabel into their support workflows, citing cost savings of up to 76%, while increasing customer satisfaction. Unbabel co-founder and CEO Vasco Pedro says that the additional capital will be used to accelerate global expansion, further strengthen its AI capabilities and build out its new Pittsburgh research lab.

$ Funding

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Amount $60.0M Total raised
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Date September 23, 2019 Announcement date
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Investors - Lead investors
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Company http://www.unbabel.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
Language Operations Platform Translation Software AI-based SaaS

▦ Linked Companies

Unbabel
$50M to $100M