{"id":8079,"date":"2019-09-26T09:55:26","date_gmt":"2019-09-26T09:55:26","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=8079"},"modified":"2019-10-31T12:11:07","modified_gmt":"2019-10-31T12:11:07","slug":"translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/","title":{"rendered":"Translation Platform Unbabel Raises $60M To Accelerate Global Expansion And Strengthen Its AI"},"content":{"rendered":"
\"Translation
Translation Platform Unbabel Raises $60M To Accelerate Global Expansion And Strengthen Its AI<\/figcaption><\/figure>\n

Unbabel<\/a>, the AI+human translation platform, announced it has raised $60 million in Series C financing led by Point72 Ventures, along with e.ventures, Greycroft, and Indico Capital Partners, bringing its total funding to $91 million.<\/p>\n

Previous investors Scale Venture Partners, Notion Capital, M12 (Microsoft\u2019s venture fund), Samsung NEXT, Caixa Capital, Faber Ventures, FundersClub, and Structure Capital also participated in the round.<\/p>\n

The announcement comes in the wake of the company\u2019s strongest quarter yet, both in terms of revenue growth and breakthroughs in machine translation technology<\/a>.<\/p>\n

The latest funding \u2014 nearly three times the $23 million Series B raised in 2018 \u2014 speaks to the rapidly expanding business case for AI Augmentation, a segment which Gartner predicts to create $2.9 trillion of business value by 2021<\/a>.<\/p>\n

Unbabel combines state-of-the-art AI with a global community of translators<\/a> to enable companies to offer multilingual customer service, no matter where they are based 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.<\/p>\n

Unbabel co-founder and CEO Vasco Pedro says that the additional capital will be used to accelerate global expansion and further strengthen AI capabilities. The company will continue to refine its award-winning Quality Estimation & Post-Editing technologies, as well as build out its new Pittsburgh research lab, expanding a world-class AI team.<\/p>\n

\u201cWe are now translating more than 1,000,000 customer service messages a month. That\u2019s over five times the volume we saw in 2018, which underscores the global demand for agile multilingual customer service,\u201d<\/em> says Pedro. \u201cNow, we have the opportunity to develop the next generation of the \u2018Translation-as-a-Service\u2019 (TaaS) platform that will power enterprise communications of the future and ultimately become the world\u2019s translation layer.\u201d<\/em><\/p>\n

\u201cWe were inspired by Unbabel\u2019s vision to provide enterprise-grade translations at the click of a button and impressed with the human-in-the-loop translation technology they\u2019ve built,\u201d<\/em> said Sri Chandrasekar, Partner at Point72 Ventures. \u201cWe believe that Unbabel is poised to transform the translation industry, and we are incredibly excited to partner with them on this journey.\u201d<\/em><\/p>\n

Pedro concluded: \u201cWe are pleased to add the support of Point72 Ventures, e.ventures, Greycroft, and Indico Capital Partners, who understand the disruptive power of truly seamless translation. For the first time, Unbabel\u2019s customers are able to look at language as a business enabler rather than as a barrier, and scale their operations according to strategic priorities.\u201d<\/em><\/p>\n

Committed to the vision of building universal understanding, Unbabel is rapidly expanding its footprint across the USA, Europe, and Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Unbabel, the AI+human translation platform, announced it has raised $60 million in Series C financing led by Point72 Ventures, along with e.ventures, Greycroft, and Indico Capital Partners, bringing its total funding to $91 million. Previous investors Scale Venture Partners, Notion Capital, M12 (Microsoft\u2019s venture fund), Samsung NEXT, Caixa Capital, Faber Ventures, FundersClub, and Structure Capital […]<\/p>\n","protected":false},"author":7,"featured_media":8080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3501],"tags":[4337,3542],"acf":[],"yoast_head":"\nTranslation Platform Unbabel Raises $60M To Accelerate Global Expansion And Strengthen Its AI - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"Unbabel, the AI+human translation platform, has announced it has raised $60 million in Series C financing led by Point72 Ventures\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Translation Platform Unbabel Raises $60M To Accelerate Global Expansion And Strengthen Its AI\" \/>\n<meta property=\"og:description\" content=\"Unbabel, the AI+human translation platform, has announced it has raised $60 million in Series C financing led by Point72 Ventures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-26T09:55:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-31T12:11:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/09\/unbabel.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"670\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Translation Platform Unbabel Raises $60M To Accelerate Global Expansion And Strengthen Its AI\",\"datePublished\":\"2019-09-26T09:55:26+00:00\",\"dateModified\":\"2019-10-31T12:11:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/\"},\"wordCount\":460,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"AI\",\"Technology\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/\",\"url\":\"https:\/\/www.footballthink.com\/translation-platform-unbabel-raises-60m-to-accelerate-global-expansion-and-strengthen-its-ai\/\",\"name\":\"Translation Platform Unbabel Raises $60M To Accelerate Global Expansion And Strengthen Its AI - 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