Zurich-based remote interpretation startup Interprefy has raised CHF 0.5m in funding and is now valued at CHF 11.5m. Former CLS CEO departs board while CEO of partner company joins new non-exec director. Continue reading
Unbabel
Language technology startup Qordoba raised USD 11.5m in a series B funding round focused company’s text intelligence and strings products as opposed to its localization product. Continue reading
New Zealand’s Straker Translations is on a roadshow to secure potential institutional investors for an Initial Public Offering on the Australian Stock Exchange next month that would value the USD 17m revenue LSP at a premium USD 57m. Continue reading
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Smartcat gets USD 7m from storied VC firm Matrix Partners to further scale its translation management platform and freelance translator marketplace. Continue reading
As technology is boosting productivity and changing buyer expectations, dropping unit prices presents opportunities to vendors that bring the tech, specialization, and size to seize them but it is an existential threat to generalists lacking focus. Continue reading
MSS appoints a new CEO and Unbabel a new VP of Strategic Accounts. Global Textware and XTRF Translation Management system welcome senior managers. Continue reading
Most readers think a merger between TransPerfect and Lionbridge would fail, 57% think scams involving machine translation are set to become more prevalent in 2018, and only a few think Unbabel’s funding round means VCs are rediscovering the language industry. Continue reading
Translation startup Unbabel secures USD 14m in Series B round with total offering amounting to USD 23m. Round marks the language industry’s biggest startup fundraising in years. Continue reading
Unbabel promotes finance director to VP for operations. United Language Group and Conversis welcome a business development manager and client relationship manager, respectively. Four senior managers join Amplexor. Continue reading
Unbabel has a new VP of Engineering, Iconic hires a new Machine Translation Scientist, XTRF and Intonation name new Business Development Managers, and Literra appoints a new Sales Director. Continue reading
Unbabel and United Language Group hire new VPs, XTM International hires a Client Solutions Manager for America, Venga Global takes on board a new Vendor Manager, and PAB Translation Centre has a new Business Manager Continue reading
A carefully curated selection of 2016’s most salient quotes. We have the CEOs of Lionbridge, TransPerfect, Welocalize, and SDL. The buy-side with PayPal, Nielsen, Swiss Post, and major law firms. And technology from Google, Facebook, Baidu, WIPO, and much more. Continue reading
Additional funding by private equity fund Bailador Investments brings Straker’s total funding since the start of 2015 to NZD 12m. CEO Grant Straker says company is planning an IPO in Australia in 2017. Continue reading
San Francisco and Portugal-based Unbabel raises USD 5m from Notion Capital and Caixa Capital to build out its heavy on tech, light on humans model. CEO says, despite recent progress, the quality gap between neural machine translation and human translation is still huge. Continue reading
Study of over 500,000 user-generated reviews on TripAdvisor reveals stark contrasts in the relevance of ratings across different languages. French and Spanish agree the most; Chinese and Danish, not so much. Continue reading
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