Unbabel (IST spin-off) was considered the 3rd best startup in Europe, in the annual Tech5 competition organised by The Next Web in partnership with Adyen, which selects every year the 100 hottest young companies across all countries in Europe and Israel.

“Reaching the podium at this competition is the corollary of a journey and a vision of a team of more than 200 people. We are witnessing an exciting time in translation technology and machine translation in particular”, said Vasco Pedro, co-founder and CEO of Unbabel, in a press release. “It is with great enthusiasm that we see our work recognised by such important entities as TNW and Adyen” he added.

Unbabel was founded in 2013, has more than 200 employees and 150,000 freelance translators. This week, Unbabel announced the opening of the third US-based office dedicated to AI research and the hiring of Alon Levie, as the Head of the office. The startup also plans to open new offices in Europe and aims to be represented in Asia in 2020 as well. In September 2017, the company was considered, for the second consecutive year, one of the most attractive startups in Europe by Wired Magazine.