Translated, an Italy and US-based company that pioneered the use of artificial intelligence to support professional translators, announces that private investment house Ardian has invested around €21 million ($25 million) via its Ardian Growth fund, leading an approx. €25.2 million ($30 million) investment round.
Translated is an end-to-end translation platform that combines its renowned proprietary adaptive neural machine translation software, ‘ModernMT’, with its network of 200,000 engaged linguists. Thanks to this human-machine symbiosis, Translated’s offerings have been constantly improving. Today Translated is able to serve global tech platforms including Airbnb, Google and Uber, as well as small and medium-sized businesses, and the company has experienced a consistent 30% organic growth rate year-on-year.
Leveraging its track-record in scaling-up companies, the Ardian Growth team has joined the company’s founders Isabelle Andrieu and Marco Trombetti to support their ambition in AI and in the translation world. Through this investment, Ardian will help Translated grow even faster and scale the adoption of its AI-powered platform in Europe and in the US.
Marco Trombetti, co-founder and CEO of Translated, commented: “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 understand each other the easier it will be for humanity to achieve any other great challenge. 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.”
Isabelle Andreu, co-founder of Translated, said: “I am thrilled for the milestone reached so far, thanks to our determination, hard work, and wonderful team of people that have given their time and talent to bet on us. We are rich in enthusiasm and desire to pursue this incredible journey”
Laurent Foata, Managing Director and Head of Ardian Growth stated: “Founded and self-financed by inspiring entrepreneurs like Marco and Isabelle, Translated already posts more than 50% of sales in the US market. Such unique achievements chime with Ardian Growth’s investment philosophy and track record in the software landscape.”
Bertrand Schapiro, Director of the Ardian Growth team added: “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”.