Rome-based translation service Translated has taken on $30 million in funding. $25 million of the funding arrives from one of Europe’s largest private equity funds, Ardian. Translated pioneered the use of AI to assist professional translators, and today leverages a combination of its proprietary adaptive neural machine translation software and a network of over 200,000 linguists to service clients including the European Commission, Airbnb, Google, and Uber
Of note, the company has been in operation for 22 years and has been self-financed by serial entrepreneur co-founders Isabelle Andrieu and Marco Trombetti.
Translated reports that the $30 million investment will accelerate growth ambitions as well as scale the adoption of its AI-powered offering in the US and Europe.
“We believe that allowing everyone to understand and be understood is one of the greatest challenges of humankind. We feel the urgency to solve this problem because the more people will understand each other the easier it will be for humanity to achieve any other great challenge,” commented Translated co-founder and CEO Marco Trombetti. “We decided to partner with Ardian because they share with us the love for diversity, they are capable of accelerating our plans and they have the DNA and means to do so in the long term.”
Ardian contributed $25 million to the new funding, with the remaining $5 million from a number of undisclosed investors.
“By pioneering AI and tailoring it for linguists, Translated has shaken up a market historically dominated by only a few players. We’re delighted to support a company that has been able to keep on innovating in AI without losing sight of its overall purpose," concludes Adrian's Bertrand Schapiro.