Unbabel is a company providing a translation as a service platform allowing enterprises to understand and be understood by their customers that is headquartered in Lisbon, Portugal and was founded in 2013 by Bruno Prezado, Hugo Silva, João Graça, Sofia Pessanha, and Vasco Pedro. It participated in the W14 cohort of Y Combinator.
On July 18, 2014 Unbabel announced raising $1.5 million in seed funding from Wefunder, Shilling Capital Partners, Matrix Partners, Young Guo, Ryan Peterson, Roger Dickey, Rob Emrich, Raymond Tonsing, Klaus von Sayn-Wittgenstein, and Kevin Rose. The company plans on using their seed funding to hire more engineers, expand its marketing team, and grow its customer base.
On October 31, 2016 Unbabel announced raising $5 million in series A funding from Shilling Capital Partners, Notion, Faber Ventures, Caixa Capital, and Errol Damelin. At the time of receiving their series A funding Unbabel managed to land clients such as Microsoft, Zendesk, Salesforce, Pintrest, and Skyscanner.
On January 11, 2018 Unbabel announced raising $23 million in series B funding from Scale Ventures Partners (lead investor), Samsung NEXT, Salesforce Ventures, Notion, M12, FundersClub, and Caixa Capital. Nick Nigam, principal at Samsung NEXT, made the following statement about Unbabel following the companies series B round:
We are attracted by technologies that break down geographic barriers. Unbabel, with its ever decreasing cost per word, is enabling borderless communication in a professional, scalable, and affordable manner.
On September 23, 2019 Unbabel announced raising $60 million in series C funding from Point72 Ventures (lead investors), Structure Capital, e.ventures, Samsung NEXT, Scale Venture Partners, Notion, M12, Indico Capital Partners, Greycroft, and FundersClub. The company plans on using their series C funding to increase its growth in the United States, Europe, and Asia. It also wants to increase the capabilities of its AI by building an AI research lab in Pittsburgh.