Unbabel Inc. Raises $1.5M in Seed Funding From Matrix Partners, Google Ventures
and Other Leading Venture Capital Firms and Angel
Unbabel Eliminates Language Barriers Between Companies and Their
SAN FRANCISCO, CA -- (Marketwired) -- 07/18/14 -- Unbabel, the most
advanced translation platform combining artificial intelligence with
crowd translation, today announced that it has raised $1.5M in
funding from leading venture capital firms and angel investors,
including Jared Fliesler of Matrix Partners, Kevin Rose of Google
Ventures, Elad Gil, Raymond Tonsing of Caffeinated Capital, Roger
Dickey, Young Guo of IDG Partners, zPark Ventures, Stephan Morais of
Caixa Capital, Alexandre Barbosa of Faber Ventures, Shilling Capital
Partners, Ryan and David Petersen, Jacob Soto, Digital Garage,
FundersClub, Klaus Von-Wittgenstein and WeFunder. Funds will be used
to grow Unbabel's engineering and marketing teams in order to improve
its core translation process and expand its customer base.
"Unbabel is the future of translation. This incredible team has
created a service which represents the shift that's happening
cross-industry -- using technology to empower independent workers and
connect them with the businesses that can benefit from their skill
sets," said Jared Fliesler, general partner at Matrix Partners. "As
we continue to see a surge in highly efficient vertical labor
marketplaces, eliminating the middleman, the implications are
enormous for both the global workforce and the future of innovation."
Unbabel eliminates language barriers between companies and their
customers by combining artificial intelligence with human translators
to deliver a scalable and affordable solution to high quality
translation. Unbabel offers an API for easy integration with
companies' internal content creation and translation workflows.
Unbabel recently launched a beta version of its Zendesk plugin that
enables customer service reps to support customers seamlessly in any
"We are thrilled to welcome such an amazing group of investors who
care deeply about eliminating language barriers and who recognize the
tremendous impact this can have on global business operations," said
Vasco Pedro, Unbabel's co-founder and CEO. "Translation is a huge
problem for every business that wants to have an international
presence. We need to create fundamentally new ways to provide
scalable human-quality translations if we want to enable
communication between an increasingly interconnected world."
To try Unbabel's translation service, please visit www.unbabel.com.
Unbabel is a Y Combinator company that offers
Translation as a Service to dramatically reduce the cost of
delivering human quality translation and fully enable global
connections. Unbabel combines machine translation with crowd post
editing for accurate, natural results. Unbabel was founded in August
2013. The company is headquartered in San Francisco, California with
offices in Lisbon, Portugal.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2641902
Press spacebar to pause and continue. Press esc to stop.